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Simple Invest 360

Simple Fund 360 and Simple Invest 360 Update Release July 2021

By BGL Update, Product Updates, Simple Fund 360, Simple Invest 360No Comments

We are excited to announce a huge update to Simple Fund 360 and Simple Invest 360 including integration with our new digital signing partner, FuseSign! This means we now support 3 digital signing solutions in our product suite.

You can learn what’s new in Simple Fund 360 and Simple Invest 360 from our product teams at our New Features Webinar on Tuesday 10 August at 10:30 AEST.
Register Now >>>

Check out the full release notes in the BGL Community >>>

What's New?

Simple Fund 360 and Simple Invest 360 digital signing with FuseSign now available!

We are thrilled to announce FuseSign has joined the BGL ecosystem as our latest integration partner! Made for accountants by accountants, FuseSign is an affordable, intuitive and easy to use Digital Signature solution. Learn More >>>

Special BGL & FuseSign offer!

Sign up for a FuseSign Business Lite plan (or above) and pay only 1 credit per document pack for all your BGL documents (unlimited signees, unlimited number of users from as little as $0.90 per signee and no lock-in contract). To find out more, visit www.fusesign.com/bgl/ and start your 14-day FREE trial.

Stay tuned! CAS 360 integration with FuseSign will be released in the coming weeks.

Exclusive to Simple Fund 360

Fund Dashboard: Significant improvements have been made to the SMSF Dashboard allowing users to quickly add notes, review client queries, view a snapshot of fund investments and view members balances.

New Report Screen: As the most frequently visited screen in Simple Fund 360, BGL has listened to your feedback and delivered a new and improved report screen! The new screen includes enhanced filters, improved search and visibility plus the ability to tag reports and use tag filters!

SMSF Auditors Panel: BGL launched the SMSF Auditors Panel on 14 July 2021. The BGL SMSF Auditors Panel is a list of BGL client firms and specialist SMSF auditors who either use the BGL API to access Simple Fund 360 data or who log into Simple Fund 360 to complete audits. The BGL Auditors Panel can be found on the BGL website or via the Fund Dashboard and Help menu in Simple Fund 360.

Compliance Change: The Simple Fund 360 Contributions Dashboard and Contributions Breakdown Report now account for the legislative change extending the Non Concessional Contribution Bring Forward age to 65, 66 for Non-Concessional Contributions made from 1st July 2020 (effective 1st July 2021).

Exclusive to Simple Invest 360

New Dashboards: New Dashboards for trust, companies and individuals allow users to quickly add notes, review client queries, view a snapshot of fund investments and review key relationships.

To learn all about Simple Invest 360 and how it can benefit you, we invite you to attend our free, live webinar series! 

Can’t make it to the live webinars? Register anyway to get the recordings.

Why did BGL develop
Simple Invest 360?

Presented by BGL’s Founder and Managing Director Ron Lesh and the Head of Simple Fund 360, Matt Crofts.

Monday 26th July at 10:30 AEST

Register Now

Simple Invest 360 accounting
and tax features

Presented by Simple Invest 360 Product Manager Andrew Paszko alongside Simple Invest 360 Business Analyst, Andrew Perera.

Wednesday 11th August at 11.30 AEST

Register Now

Simple Invest 360 for
accountants and planners

Presented by Simple Invest 360 Product Manager Andrew Paszko and the Head of Simple Fund 360, Matt Crofts.

Wednesday 25th August at 10.30 AEST

Register Now

Simple Invest 360 free, live webinar series!

By BGL Update, Simple Invest 360No Comments

Last month BGL launched Simple Invest 360, an intelligent cloud-based software to help accountants streamline CGT compliance administration for Trusts, Companies and Individuals. 

One of the primary drivers behind the decision to develop Simple Invest 360 came from BGL clients; those who were looking for a non-super investment solution which provides the same level of automation and artificial intelligence as our cloud SMSF administration software, Simple Fund 360. 

Simple Invest 360 provides a comprehensive portfolio solution with smart CGT to handle all different investment asset types in one unified solution. Be it listed or unlisted securities, ETFs, property trusts, wrap accounts, crypto currencies or direct property, Simple Invest 360 can handle it all. The software automates all tedious CGT record-keeping as well as providing simple and financial and tax reporting saving time and money no matter what the tax structure – trusts, companies or partnerships or individuals. 

All existing BGL clients have been provided the opportunity to trial 5 entities on Simple Invest 360 for free until 31 August 2021. 

To access the free trial, Simple Fund 360 clients can simply login to their Simple Fund 360 software and select “Add New Entity” from the Entity Workflow screen (click here to learn more). For all other existing BGL clients, please contact your BGL Account Manager. 

Attend our free, live webinar series!

To learn more about Simple Invest 360, follow the links below to register for our free, live webinars.

Can’t make it to the live webinars? Register anyway to get the recordings.

Why did BGL develop
Simple Invest 360?

Presented by BGL’s Founder and Managing Director Ron Lesh and the Head of Simple Fund 360, Matt Crofts.

Monday 26th July at 10:30 AEST

Register Now

Simple Invest 360 accounting
and tax features

Presented by Simple Invest 360 Product Manager Andrew Paszko alongside Simple Invest 360 Business Analyst, Andrew Perera.

Wednesday 11th August at 11.30 AEST

Register Now

Simple Invest 360 for
accountants and planners

Presented by Simple Invest 360 Product Manager Andrew Paszko and the Head of Simple Fund 360, Matt Crofts.

Wednesday 25th August at 10.30 AEST

Register Now

Simple Invest 360, our investment portfolio platform, is now available!

By News, Product Updates, Simple Invest 360No Comments

Today we announce the launch of Simple Invest 360, our intelligent cloud-based software to help accountants streamline CGT compliance administration for Trusts, Companies and Individuals.

This exciting NEW product wraps several disparate investments and CGT based tools under one unified solution. We are automating the tedious process of CGT record-keeping and Financial Reporting. In layman’s terms, Simple Invest 360 saves an accountant time no matter what the tax structure: Trust, Company, or Sole Proprietor. Simple Invest 360 uses the same proven and award-winning smart engine that powers Simple Fund 360, the No. 1 SMSF solution.

Simple Invest 360 achieves time savings by leveraging automated corporate actions, smart machine learning categorisation and integrated accounting work papers.

Many clients go to their accountants for tax advice only to find out that they may have already made a mistake with major investment decisions. Primarily, this happens because people did not keep or could not explain to the accountant their multiple asset classes and tax structures. Simple Invest 360 solves this problem, with the Client, Accountant, and Planner, now working entirely in the cloud on daily automated wealth positions.

Simple Invest 360 transpires into spending less time on the preparation and thereby reducing costs. Accountants can spend more time on other matters & increase fees, as when your clients are making better investment decisions, they will value the advice. With more value delivered, clients are less likely to switch accountants. Reduced preparation and switching costs enable more time to acquire new customers for those looking to expand their services.

Early on we knew that we had to move fast while really listening to what the client’s end goal was. Having open and honest communication not only between ourselves but also with our beta clients meant that we were able to understand at a deeper level how to solve the issue of not only providing the client with a robust CGT engine for tracking their investments, but also a seamless year end workflow which makes allocating accounting profit and tax to beneficiaries a breeze.

Andrew Paszko - Simple Invest 360 Product Manager

But don’t take my word, here’s what our beta clients are telling us about why they love using Simple Invest 360:

Makes it easy to track shares and dividends, especially when clients may not supply all of the documentation you can reconstruct history. Quickly do CGT calcs and reports.

Amber Williams, Trident Business Group

Easy to use cloud base software with smart transactions matching, great for keeping CGT records. "Live" portfolio reports and review function to keep you up to date with your current investments, projected CGT and tax planning.

Olga Petrovskaya, Sinclair Wilson

The Simple Invest 360 team led by Andrew Paszko started with just a single developer: Yang Huang, and a software tester: Mario Blagejovic. From the get-go, the small group were laser-focused on only combining value-added features while staying close to the customer.

Once the plans were drawn up and a challenging roadmap set by myself and Ron Lesh, the Simple Invest 360 team combined forces with the larger Simple Fund 360 team to working collectively through 2020 & 2021 on the new project. Critically, the Simple Fund 360 teams provided valuable advice and experience to the younger team. The additional resources were needed to decouple some of the SMSF related functions and deal with the complexity of multiple tax structures to support Trusts, Companies, and Sole Proprietors.

The newer Simple Invest 360 team had the added challenges of Melbourne 2020 and 2021 lockdowns and needed to form good bonds as a second Software Developer, Nathan Mitchell, and new Business Analyst, Andrew Perera, completed the team. While the Simple Fund 360 team still had to deliver major compliance changes including TBAR, Superstream and COVID early release. Despite the added challenges, both teams hit every milestone. In many cases, earlier than planned.

With the early Beta Launch of Simple Invest 360 last October, valuable feedback from our beta clients was delivered into today’s successful product launch two weeks ahead of schedule.

Now the good news. All current Simple Fund 360 clients from today have free access to 5 entities until the 31st of August 2021. No catches, no drawn-out signup process. Simply login using your existing Simple Fund 360 credentials and add a New Entity. Choose from a Trust, Company or Individual and get started today. For all other BGL clients or new to BGL clients, contact your account manager on 1300 654 401 or navigate our website and enjoy the same free trial.

Learn more about Simple Invest 360 >>>

Digital Signing with BGL’s COO Daniel Tramontana

By BGL Update, CAS 360, Industry, New Zealand, Simple Fund 360, Simple Invest 360, TechnologyNo Comments

Browsing through various platforms, it has been great to see the discussions around digital signing.

Digital signing in my view, is a must for any organisation where client signatures are required and where the law permits.

As a software provider, it is important to build into the software design and experience a quality engagement piece that brings to surface the true value of Digital Signing.

At BGL Corporate Solutions, we currently integrate CAS 360 (Australia), CAS 360 (New Zealand), Simple Fund 360 and Simple Invest 360 with DocuSign and Adobe Sign and soon to be released, FuseSign by FuseWorks and PleaseSign.

What differentiates these integrations is that they are built directly into the software.

Well, what does this mean? Simple.

We deeply embed the digital signing solution into the software. We mark up the documents and forms, so that when you deliver a set of documents to your clients, they are ready for digital signing. We allow for easy selection of signing and tracking so users can monitor the status

When complete, we notify you and then store the document as required by the governing bodies and make it easy for you to retrieve.

When it comes to Digital Signing solutions, the end-to-end experience is so important and that is what we make great!

Simple Fund 360 Software Update Release October 2020

By BGL Update, Homepage, Product Updates, Simple Fund 360, Simple Invest 360No Comments

The Simple Fund 360 and Simple Invest 360 teams have delivered their first release for October 2020 with some exciting new features and client wish list items ticked off! Check out the full release notes on the BGL Community >>>

Learn what’s new direct from our product team by attending our New Features Webinar on 13 October at 11:30 AEDT. Register Now >>>

Digital End to End

The team continues its focus on removing paper and improving the digital experience for clients. This October, we have added a new Upload Authority Form feature to make the bank feed authority setup process faster and more secure for clients. We have also made it simpler for clients to upload any CSV files they may have received from clients and keep track of these in our Feed Management screen.

We have simplified the 2020 tax reporting season by providing you with digital distribution tax statement data for over 530 commonly held investments. This update supports:

  • All Vanguard ETFs and popular Vanguard managed investments
  • All BetaShare ETFs
  • All ETFSecurity ETFs

Continuing the digital theme, we have added a Compilation Report and Engagement Letter to the growing list of documents that can now be digitally signed using both Adobe Sign and DocuSign.

For Financial Planning focused firms, we are excited to announce a new Time Weighted Performance page that has been modified from our mobile interface to take advantage of the larger screen real estate. This MOBILE first approach allows both you and your clients to VIEW the same performance data, without the need to switch to a separate Client View application. This is available for both our Simple Fund 360 and Simple Invest 360 Beta Clients.

Client Wish lists

We have managed to tick off several clients wish lists. Users can now view a contact’s mobile and email address directly from the Fund Relationships screen. Plus, the CGT Register Detailed Report when exported to excel now includes the description of CGT transaction.

Order Documents

The Smarter SMSF Order Document page has a fresh new look! In addition, 3 new documents can now be completed, including;

  • Add or Remove a Fund Member
  • Lost Trust Deed
  • Lost Pension Deed (Affirmation and Confirmation)

Simple Invest 360 (Closed Beta)

We have added several new features to Simple Invest 360:

  • Added support for individual investors. Simple Invest 360 now supports all investor types – Individuals, Trusts and Companies.
  • A new Appropriation Statement report now available for Trusts and Companies.
  • A new Tax Reconciliation report now available for Trusts.

Plus, digital signing solutions Adobe Sign and DocuSign are now available for the following documents in Simple Invest 360:

  • Compilation Report Company
  • Compilation Report Trust
  • Trustee Minute – Family Trust
  • Trustee Minute – Unit Trust
  • Trustee Resolution – Family Trust
  • Trustee Resolution – Unit trust
  • Trustee Declaration
  • Directors Declaration

If you are interested in shaping the Early Release of Simple Invest 360, click here to register your interest for closed beta >>>

Don’t forget to register for BGL REGTECH 2020 to see get a sneak peek at Stage 2 of our AI-Powered BGL Smart Docs feature and a look at Simple Invest 360 – the next evolution in automating your Investments for Trusts, Companies and Individuals.

BGL announces closed BETA for Simple Invest 360

By BGL Update, Homepage, Simple Invest 3602 Comments

BGL is proud to announce closed BETA for its new non-super cloud Investment Portfolio software solution, Simple Invest 360!

“The Team have done a great job through the COVID-19 lockdowns to get Simple Invest 360 to closed BETA many months ahead of schedule” said BGL’s Managing Director, Ron Lesh. “We have had many enquiries from clients who have been looking for a non-super investment solution which provides the same level of automation and AI as Simple Fund 360. Simple Invest 360 is that solution”.

“Leveraging the powerful, award-winning technology of our SMSF admin solution Simple Fund 360, together with our ecosystem of over 300+ automated data feeds, Simple Invest 360 will provide a sensational CGT record-keeping and reporting solution for companies and trusts using our smart artificial intelligence powered categorisation and data capture.” added Lesh.

“Simple Invest 360 is built on the Simple Fund 360 general ledger and CGT engine” noted Lesh. “The team has done a superb job of leveraging the power of Simple Fund 360 with corporate actions and trust distribution automation features of Simple Invest 360 and the power of BGL’s double entry general ledger to make data processing smart, simple and flexible”,

If you would like to participate in the Simple Invest 360 open BETA later in 2020, complete the expression of interest form.