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BGL is proud to announce the appointment of Jeevan Tokhi as its new Head of Simple Fund 360

By In the Media, News, Podcast, XU MagazineNo Comments

BGL is proud to announce the appointment of Jeevan Tokhi as its new Head of Simple Fund 360

BGL Corporate Solutions, Australia’s leading provider of SMSF, investment portfolio and company compliance management software, is proud to announce the appointment of Jeevan Tokhi as its new Head of Simple Fund 360.

“It has been a pleasure to watch Jeevan grow and thrive with us both personally and professionally, since he joined BGL in 2005” said Ron Lesh, BGL’s Managing Director. “We could not be prouder to see Jeevan rise up the ranks to head our Simple Fund 360 product team and make it his own.”

As qualified CPA (SMSF Specialist) and accredited SMSF Specialist Advisor (SSA) with a strong technical background and relentless focus on the clients, Jeevan has contributed significantly to BGL throughout his career with roles including Support Consultant, Business and Test Analyst, Simple Fund Desktop Product Manager, Simple Fund 360 Product Manager and most recently, Head of Ecosystem.

“I have enjoyed building leading, innovative software applications by focusing on BGL’s clients’ needs and will continue to do so” noted Jeevan Tokhi.

“Jeevan is perfectly positioned and qualified to lead Simple Fund 360 into the future” added Lesh. “With his vision for Simple Fund 360 and experience working with BGL’s flagship products, CAS 360 and Simple Invest 360, our clients are in for an incredible journey. Watch this space!”

Simple Fund 360 is Australia’s leading self-managed super fund (SMSF) administration software solution with over 7,100 clients managing over 243,000 funds on the platform.

BGL appoints Jeevan Tokhi as Head of Simple Fund 360

By BGL Update, Culture, PodcastNo Comments

BGL Corporate Solutions is proud to announce the appointment of Jeevan Tokhi as its new Head of Simple Fund 360.

“It has been a pleasure to watch Jeevan grow and thrive with us both personally and professionally, since he joined BGL in 2005” said Ron Lesh, BGL’s Managing Director. “We could not be prouder to see Jeevan rise up the ranks to head our Simple Fund 360 product team and make it his own.”

As qualified CPA (SMSF Specialist) and accredited SMSF Specialist Advisor (SSA) with a strong technical background and relentless focus on the clients, Jeevan has contributed significantly to BGL throughout his career with roles including Support Consultant, Business and Test Analyst, Simple Fund Desktop Product Manager, Simple Fund 360 Product Manager and most recently, Head of Ecosystem. 

“I have enjoyed building leading, innovative software applications by focusing on BGL’s clients’ needs and will continue to do so” noted Jeevan Tokhi.

“Jeevan is perfectly positioned and qualified to lead Simple Fund 360 into the future” added Lesh. “With his vision for Simple Fund 360 and experience working with BGL’s flagship products, CAS 360 and Simple Invest 360, our clients are in for an incredible journey. Watch this space!” 

Simple Fund 360 is Australia’s leading self-managed super fund (SMSF) administration software solution with over 7,100 clients managing over 243,000 funds on the platform.

Simple Fund 360 and Simple Invest 360 Product Update – May 2022

By BGL Update, Podcast, Simple Fund 360, Simple Invest 360No Comments

Let’s start this update email with some really EXCITING news.
Jeevan Tokhi has been appointed as the new Head of Simple Fund 360. Jeevan has been a BGL Team Member for over 17 years and will succeed Matt Crofts, who has moved on from BGL after 23 years to pursue a new opportunity in cryptocurrency – an area he is passionate about. We wish Matt all the best and congratulate Jeevan on the new role!

We are excited to announce another sensational Simple Fund 360 and Simple Invest 360 update!

You can learn what’s new at our New Features Webinar on Tuesday 24 May 2022 from 11:00 to 12:00 AEST. Register now >>>
The full release notes can be found on the BGL Community >>>

What's New?

The Documents screen just got a whole lot better!
The Documents screen in Simple Fund 360 and Simple Invest 360 has a brand-new look and several handy new features including:

  • Document folders for each ledger account to help you organise and sort documents more efficiently
  • Financial year tabs making it easier to filter documents by financial year
  • A list of balances for each account for quick reconciliation from within the Documents screen
  • Drag and Drop functionality making it faster to move documents from one folder to another
  • Plus, more tagging and permission options for greater flexibility and control

The Documents screen is not only a fantastic end of financial year information source, but it’s now your daily documents manager!
Click here to learn more >>>

International Prices: Daily prices for NYSE Arca are now available in Simple Fund 360 and Simple Invest 360. NYSE Arca is an electronic securities exchange in the U.S. on which exchange-traded products (ETPs) and equities are listed. The exchange specialises in ETP listings, which include exchange-traded funds (ETFs), exchange-traded notes (ETNs), and exchange-traded vehicles (ETVs).

Wrap Feeds: Wrap feed provider, Mason Stevens, has migrated all their accounts to a new platform. To account for this, all existing wrap feeds for Mason Stevens have been updated in Simple Fund 360 and Simple Invest 360. Click here to learn more >>>

Exclusive to Simple Invest 360

Period Compliance: An option to reinvest distributions is now available for Unit Trusts. Click here to learn more >>>

New Letter: The new Unit Valuation Letter provides a summary of each beneficiaries’ unit holding reported on the beneficiaries Screen.
Click here to learn more >>>

New Report: The new Unit Holding Report (available to Unit / Hybrid Trusts) holds information about unit holdings for beneficiaries and transactions related to these unit holdings for the selected financial year. Click here to learn more >>>

Plus, many more new features and improvements. Don’t forget to check out the full release notes on the BGL Community >>>

Previous months’ release notes can be found below:

Check out our Resources Hub!
We provide Simple Fund 360 and Simple Invest 360 users with a myriad of resources and services which can be found in the Resources Hub. The Resources Hub provides practical stuff to help you in your Simple Fund 360 and Simple Invest 360 journey. Visit Resources Hub >>>

SIS compliance the next big step for AI, says BGL

By In the Media, News, Podcast, SMSF AdviserNo Comments

Published by SMSF Adviser, powered by MOMENTUM MEDIA
Written by Miranda Brownlee on 21 April 2022
Click here to read on SMSF Adviser website

SIS compliance the next big step for AI, says BGL

Identifying where funds have broken major SIS rules will likely be the next big focus with artificial intelligence in the SMSF sector, said the managing director of BGL.

Speaking at a recent event, BGL managing director Ron Lesh said that while his firm has been doing a lot of work around the use of artificial intelligence over the last four or five years, there is a number of areas with SMSF administration and compliance where it can be further extended.

“All of our transaction posting is AI-based rather than rules-based and has been for a while, and there’s a review function that will tell you whether transactions have been posted to the right place using AI,” said Mr Lesh, speaking at a panel discussion at the SMSF Association National Conference.

Mr Lesh said there has also been a lot of development with the use of AI for reading documents.

“Not just reading things based on a template but reading any document of any type and a training system to train for any document of any type, we think that’s the future,” he explained.

“We think that may be the solution in the short term for tax distribution statements, but it already is for bank statements. We’ve already got hundreds of thousands of bank statements now being processed that way.”

One of the big areas that both software and audit firms are now looking at, said Mr Lesh, is using AI to help review the compliance of the fund.

“One of the things that I’m very keen to see added to what we’re already doing is a fund review that uses AI to determine whether we think the fund has broken any of the major SIS rules. I think that’s pretty important, and some of the audit firms are already trying to do that,” he stated.

While Mr Lesh said building AI models isn’t an easy process, the expansion of open banking would help development in this area.

“The ability to get a lot more data out of open banking is going to give us the ability to mine that data and really use AI to help clients understand what’s coming through better,” he said.

Mr Lesh also predicts the SMSF sector may even see one click administration five to seven years down the track as artificial intelligence becomes increasingly advanced.

Innovation starts by listening to your customers

By BGL Update, PodcastNo Comments

Foundstone Conversations Podcast

Real-world strategy conversations with organisation & industry leaders about their latest challenges, learnings & insights.

Innovation starts by listening to your customers with Ron Lesh

In this episode of Foundstone Conversations, host Andrew Bird talks to Ron Lesh, Founder and Managing Director of BGL Corporate Solutions, about why listening to our customers is important for any business.

Having decades of experience under his belt, Ron also shares about common mistakes made by young businesses as well as other insights he’s observed over the years.

Tune into this episode to learn about how customer feedback is key to better innovation and customer relationships!

YouTube: https://bit.ly/3o1bLsd
Spotify: https://spoti.fi/3rmliwc
Apple Podcasts: https://apple.co/3p97AKp

CAS360 and Simple Fund 360 February 2020 Product Update

By PodcastNo Comments

CAS360 and Simple Fund 360 February 2020 Product Update

In this episode I am joined by Matt Crofts (Head of Simple Fund 360) and Adriana Cavallo (Head of Partnerships) to discuss

  • The BGL MasterClass series in March (BGL MasterClass Info)
  • BGL’s ISO 27001 certification
  • Top 5 new features in CAS360 for February 2020
  • Top 5 new features in SimpleFund 360 February 2020

New Features Webinars

CAS360 – Feb 19th – Register Here

SF360 – Feb 11th – Register Here

Enjoy!

 

Molly Banister, Suite Files

By PodcastNo Comments

In this episode of the BGL Podcast, I was joined by Molly Banister (Twitter: ‪@MollyKBanister)

Molly is the marketing manager at SuiteFiles

Molly talks about her journey from wanting to be a lawyer, to working out that she loves helping people and finding a job she loved in marketing.

Molly also talks about

  • Her love of RipCurl long socks
  • Changing how she looked at her professional life
  • That ‘Kindness costs nothing’
  • Investing in human psychology
  • Competing in cheerleading championships
  • Believing in who you are, and believing that you are worthwhile
  • How marketing should never stop

Guy Pearson, Practice Ignition

By PodcastNo Comments

Guy Pearson, Practice Ignition

On day 2 of Xerocon I was joined by Guy Pearson, Guy is the CEO of Practice Ignition

Guy talks about how 2019 has been a transformational year in his life and what has changed for him. Guy also talks about his history in business and a huge amount of other points such as.

  • What Practice Ignition is
  • A PI customer success story
  • Guy’s start in Accounting
  • Running his own Accounting team at 23
  • Starting an Accounting Firm at 25
  • The backstory of starting his accounting firm
  • Why he’s not allowed to sell PI
  • Improving energy levels
  • Being grateful and expressing it
  • His thoughts on value based pricing
  • His favourite quotes

After this ep was recorded Practice Ignition announced a $26m capital raise

https://www.practiceignition.com/blog/practice-ignition-adds-a-26-million-to-fuel-next-phase-of-growth-in-accounting-innovation

Taryn Holman, Super AA

By PodcastNo Comments

On day 1 of Xerocon 2019 I was joined by Taryn Holman. Taryn is the National Sales & Marketing Manager for Super AA.

(twitter – @taryn_jadeh)

Taryn has been at Super AA for the last 4 years and before joining Super AA Taryn ran her own collection business

The interview has something for everyone with some great advice on how to set goals, and focus your attention on how to achieve the goals.

In the podcast Taryn talks about:

  • Her favourite books
  • Her favourite quote
  • Coach bags
  • Joining the 5am club
  • Living on the surf coast
  • Joining Super AA
  • Meditation and Gratitude
  • Positive Affirmations

For more information on SuperAA please listen to episode 10 – Growth with Mike McHenry from Super AA.

Adriana from BGL

By PodcastNo Comments

On day 1 of Xerocon 2019 I was joined by the new Head of Partnerships at BGL – Adriana Cavallo.

Adriana has been at BGL for a number of years, and has been in a number of roles including Support, Client Success, Product Management and now Head of Partnerships.

Man in the arena quote – http://www.worldfuturefund.org/Documents/maninarena.htm

Audible – https://www.audible.com.au/