“It’s great to have Cointree as part of the BGL Ecosystem”, says Ron Lesh, BGL’s Managing Director. “Cointree provides outstanding cryptocurrency exchange experience and is a go-to for many Australians buying, selling or trading cryptocurrency especially first-time traders. This is a great opportunity for Simple Fund 360 clients to add a new class of assets to their portfolios.”
“We are excited to be the first exchange to join the BGL Ecosystem”, says Jess Renden, Cointree’s Head of Operations. “With cryptocurrency continuing to grow in popularity globally as an alternative asset class, our partnership with BGL continues Cointree’s goal of making crypto easy, fast and safe for everyone. The integration joins our suite of tax tools and makes it easy for Australians to meet their SMSF reporting obligations.”
The new integration with Cointree will keep track of all relevant CGT and crypto trading events for an SMSF. Clients can easily download a transaction file from Cointree’s platform and import into Simple Fund 360 by using the BGL File Import in the Wraps and Platforms screen.
“At BGL, we are a strong advocate of developing ecosystem partnerships that establish a better way for our clients to work with their clients. Partnering with Cointree is an example of two leading technology providers collaborating to create new opportunities and for the benefit of both our clients”, adds Lesh.
BGL currently has over 350 partners as part of our Ecosystem.
Cointree is a digital currency exchange here to make cryptocurrency easy for everyone. Founded in Melbourne in 2013, we are one of Australia’s leading exchanges. We are an Australian Blockchain Industry Awards 2019 finalist for best digital currency exchange and members of Blockchain Australia. Cointree is on a mission to educate and excite Australians about digital currencies, providing all the vital tools to buy, sell, trade, pay bills, and grow their investment portfolios.
Cointree is a registered digital currency exchange with AUSTRAC (the Australian Government regulatory and monitoring body for AML/CTF) and a partner of the not-for-profit Blockchain Centre.
BGL is proud to announce another major release of Simple Fund 360 which includes changes for the government’s Stage 1 response to COVID-19, integration with Cointree, a cryptocurrency exchange platform, and much much more.
“I am really proud of the BGL Team” said BGL’s Managing Director Ron Lesh. “Through this really tough period and with the whole Team working from home, they have continued to provide our clients with first class customer service and responded to legislative announcements in a timely manner. Being able to pivot within a sprint to handle the pension and other changes shows exactly how agile development processes should work”.
Yesterday, BGL released Stage 1 the COVID-19 SMSF changes, enabling users to perform reviews of Account-Based, TRIS and TRIS retirement phase pensions for the 50% minimums. At the same time, we released integration with Cointree, a cryptocurrency exchange platform, allowing users to download transaction files from Cointree and import directly into Simple Fund 360 and an update to the Investment Income Comparison Report for the 45-day holding period rule and much more.
“In just 3 months, the Simple Fund 360 and API teams have delivered 4 releases, including an accounting workpapers update, property dashboard, mobile app Engage by BGL for Android users and more! No other industry player has delivered so many new features to their clients over the past 3 months” noted Lesh.
“The ability of the BGL Team to operate “as normal” through these difficult times is a tribute to the quality of our people” added Lesh. “This is why both CAS 360 and Simple Fund 360 are clear market leaders in the corporate compliance and SMSF admin space with over 7,000 firms maintaining 650,000 entities subscribed to our software solutions”.
For a full list of new features, check out the BGL Community.
I was contacted today by a client who advised me one of their software providers saw the current crisis as an opportunity to price gouge. The firm had been using this other software for a while and was certainly not wrapped with the software or the service but had stuck it out for a while. We all know what that is like. The fear of changing is worse than the fear of staying!
But then this software provider decided to increase the price of their software right in the middle of these difficult times. What chutzpah!
I am appalled – and so was the client.
At BGL, we want to help clients (and potential clients) not to screw them over.
So, we are offering our desktop clients, cloud clients and new clients a buy now, don’t pay until 1 July 2020 investment opportunity.
If you are a current CAS 360 client, increase your number of companies today and you will not pay for the new companies until 1 July 2020.
If you are a current Simple Fund 360 client, increase your number of funds today and you will not pay for the new funds until 1 July 2020 (this included bank data and share data services).
If you are a CAS Desktop client, migrate your companies to CAS 360 today and you will not pay anything until 1 July 2020.
If you are a Simple Fund Desktop client, migrate your funds to Simple Fund 360 today and you will not pay anything until 1 July 2020.
If you are a not a BGL client, talk to us about moving to CAS 360 and / or Simple Fund 360. Sign up today and you will not pay anything until 1 July 2020.
And to all our clients
Thank you for your support over the past few weeks.
We have 150 team members working from home all doing their very best to service you through these difficult times.
BGL is proud to announce that Evans Dixon has made the decision to move the administration of its 4,500 SMSFs to Simple Fund 360.
DBN integration with Smarter SMSF
Simple Fund 360 clients can now save heaps of time by utilising their fund and member information to generate Death Benefit Nominations that meet the requirements of the Smarter SMSF Deed.
Clients can generate either a binding (including non-lapsing) or non-binding death benefit nomination (DBN) for a self-managed super fund member. Importantly, the DBN has been developed in accordance with the requirements of Schedules 1 and 2 of the Smarter SMSF Deed. Learn More >>>
New Advisor Extract Fact Finder
The SMSF Fact Finder report is now available in the Reports screen to help Simple Fund 360 clients share relevant SMSF member and investment information with their financial advisor. Learn More >>>
Investment Performance – Simple Dietz Report
We have improved Simple Fund 360 investment reporting for planners and investment advisers by adding a new Simple Dietz Method to the reports screen. The Dietz method provides a more weighted measure when calculating the return on a portfolio than a simple return method.
The Simple Dietz method measures investment performance during a period, incorporating cash inflows and outflows. Learn More >>>
New Data Feeds
With daily data feeds becoming vital to keep pace in the SMSF processing, we have added 3 new feeds:
- Evans and Partners daily feeds automatically importing cash and investment transactions.
- Financial Decisions contract notes, and
- Intas Financial Services contract notes.
The new contact notes have been added to the Share Data Pack.
We know how important it is to have efficient processing around workpaper production and we continue to focus our efforts on reducing the time taken to perform this process.
This release sees the introduction of New Warnings/Observations, utilising the data contained in the Simple Fund 360 general ledger to inform the user of any potential irregularities such as negative balances for further review.
We have also ticked-off the number 1 client wish list request – to order the workpaper attachments into the Control/ Sub account order.
To learn about all the new features, attend our FREE webinar!
New Features Webinar
10 Mar at 11:30 AEDT.
Register Now >>>
BGL is proud to announce major updates to its cloud-based Simple Fund 360 and CAS 360 solutions including fully integrated electronic signing with DocuSign, automated creation of funds from Topdocs and Zendesk Live Support Chat fully integrated into both CAS 360 and Simple Fund 360.