Australian FinTech

Published by Australian Fintech on 25 July 2022
Click here to read on the Australian Fintech website

BGL Corporate Solutions, Australia’s leading provider of SMSF, investment portfolio and company compliance management software, have announced it now accepts Bitcoin for payment of its CAS 360, Simple Fund 360 and Simple Invest 360 annual software subscriptions.

“We are very excited to offer our clients the option to pay their annual software subscriptions with Bitcoin,” said Ron Lesh, BGL’s Managing Director.

“From today, BGL clients will be able to pay into our Crypto Wallet thanks to our partnership with Australia’s own cryptocurrency exchange, Cointree. Clients will simply click a link on our invoices and complete the transfer.”

Cointree provides an outstanding cryptocurrency exchange experience and is a go-to for many Australians buying, selling or trading cryptocurrency – especially first-time traders.

“With cryptocurrency continuing to grow in popularity, our partnership with Cointree provides an easy way for BGL to offer subscription payments in cryptocurrency,” added Lesh.

Cointree is the first exchange to join the BGL Ecosystem providing Simple Fund 360 and Simple Invest 360 clients an easy way to process cryptocurrency transactions, value and keep track of their portfolio and help with the calculation of CGT events for SMSFs, trusts, companies and individuals.

Cointree’s CEO, Jess Renden said, “We’ve been helping Australians access crypto since launching in 2013 and are proud to partner with a forward thinking organisation like BGL.”

“Consumers have embraced cryptocurrency in recent years and it’s becoming more common for people to use it as a means to pay bills, so when BGL wanted to offer its customers a way to pay bills our team were ready to help find a solution,” added Renden.

BGL and Cointree also co-developed NBOC; an Australian-based solution providing a daily price feed for hundreds of cryptocurrencies. NBOC’s exclusive daily automated data feed provides BGL’s Simple Fund 360 and Simple Invest 360 clients with up-to-date prices for cryptocurrency for SMSFs, companies, trusts and individuals. The cryptocurrency valuation is used for calculating values for financial reports and member balances.

Published by Australian Fintech on 18 July 2022
Click here to read on the Australian Fintech website

BGL Corporate Solutions, Australia’s leading provider of self-managed superannuation fund (SMSF), investment portfolio and company compliance management software, has announced it now has over 250,000 funds administered by over 7,550 firms on its SMSF software, Simple Fund 360.

“This is a huge milestone for BGL and a direct result of the teams’ passion, innovation and perseverance,” said Ron Lesh, BGL’s Managing Director. “We simply could not achieve numbers like this without the hard work of our team and I’m extremely proud of each and every one of them.”

BGL now has over 250,000 funds administered on Simple Fund 360, representing 41% of the estimated 605,000 SMSFs in Australia, cementing its position as the most widely used SMSF administration software solution.

“A big part of our success, I believe, is our commitment to our clients and our willingness to listen to their feedback,” continued Lesh. “Our team works tirelessly to develop and implement new, wish-listed features to help our clients scale and grow their businesses. Plus, our culture of innovation and our ability to quickly adapt to change allows us to stay many steps ahead of our competitors.”

Released in 2014, Simple Fund 360 is a cloud-based SMSF administration solution with sophisticated artificial intelligence (AI) powered technologies for smart data capture, categorisation and review – simplifying the process of transaction matching for SMSFs and providing incredible efficiencies for clients. Simple Fund 360 integrates with BGL’s CAS 360 and Simple Invest 360 solutions as well as providing integrated accounting workpapers, digital signing, 350+ data feeds, registry integration and BGL SmartDocs – BGL’s industry-leading paper-to-data solution.

“The future is bright for Simple Fund 360,” added Lesh. “We are continually improving our AI technologies to increase accuracy and help clients to be more efficient, effective and productive. Watch this space!”

Published by Australian Fintech on 13 July 2022
Click here to read on the Australian Fintech website

BGL Corporate Solutions, Australia’s leading provider of self-managed superannuation fund (SMSF), investment portfolio and company compliance management software, has announced its company compliance management software, CAS 360, now integrates with leading document provider, Cleardocs, to provide streamlined company incorporations.

BGL clients can seamlessly incorporate companies via the Cleardocs platform, with all data and supporting documents automatically imported into CAS 360. To get started, clients simply click the new ‘Register via Provider’ button within the CAS 360 Company Registration screen and select ‘Cleardocs’.

“We are extremely proud to have developed this integration together with Cleardocs,” said Ron Lesh, BGL’s Managing Director. “This integration will help BGL clients automate the company registration process and eliminate the need to manually enter the company details in CAS 360, making the entire process a breeze!”

Jackie Rhodes, Managing Director, Asia & Emerging Markets at Thomson Reuters, said, “We are excited to provide BGL clients with full circle integration by enabling a seamless end-to-end process within CAS 360. This development delivers real time savings and improved accuracy to BGL clients, and it further cements our longstanding relationship with BGL.”

“Currently, this integration is exclusively for Cleardocs company incorporations, however, we plan to expand this feature in the future. Watch this space,” added Lesh.

BGL’s free and open API is highly regarded and used extensively across the industry with over 350 data feed and integration partners in the BGL Ecosystem delivering a holistic experience to our clients

Published by Australian Fintech on 11 July 2022
Click here to read on the Australian Fintech website

Rush Gold and BGL Corporate Solutions have announced that the industry’s first and only gold bullion transaction integration for self-managed super funds (SMSF) is now live.

Rush Gold is an Australian award-winning fintech and Gold-as-a-Service (GaaS) platform. BGL Corporate Solutions is Australia’s leading provider of self-managed superannuation funds, investment portfolios and company compliance management software. The partnership will offer gold bullion for the first time in BGL’s Simple Fund 360 and Simple Invest 360 products.

Rush Gold CEO Jodi Stanton said, “We’re thrilled to be the first to offer a low-cost premium gold investment opportunity to BGL’s growing client base, especially as investors increase their SMSF and investment portfolios within this inflationary environment.”

BGL Corporate Solutions Founder and Managing Director, Ron Lesh commented on the partnership saying, “It’s great to add Rush Gold to the BGL Ecosystem. The integration with Simple Fund 360 and Simple Invest 360 will allow the administration of physical gold bullion holdings to be consolidated and managed within investor portfolios.”

Simple Fund 360 is an AI-powered SMSF administration solution providing streamlined SMSF compliance management and administration. Simple Invest 360 is an end-to-end investment portfolio management solution helping accountants streamline CGT compliance management for trusts, companies, and individuals.

Stanton concluded, adding, “Rush Gold’s unique Gold-as-a-Service platform is expanding from its home in the Australian market, across the world, giving digital access to a premium gold product.”

Rush Gold is currently active in 15 countries and the BGL Ecosystem has over 350 partners, so the reach with these two companies is wide-reaching and global.