BGL’s Super Fund 360 in beta release
Specialist self-managed superannuation fund (SMSF) administration solution provider, BGL has released the closed beta version of its Simple Fund 360 products to clients with a view to making it fully available later this year.
The move was announced by BGL's managing director, Ron Lesh, who described the product as a "game-changer" because of the manner in which it utilised the cloud.
"Unlike the other hybrid SMSF administration cloud solutions, which are actually desktop applications storing data in the cloud, Simple Fund 360 is a real cloud application that can be accessed though any Internet browser at any time, from anywhere and on any device," he said.
Lesh said that over the past few months, BGL had signed almost 15,000 accounts to its bank data service in preparation for Simple Fund 360.
"Simple Fund 360 is all about automation. Automating bank, contract note and registry data is the key to SMSF processing efficiency.," he said. " Simple Fund 360 takes automation to a new level."
Recommended for you
Insignia Financial has issued a statement to the ASX regarding a potential bid from a third global private equity business to acquire the firm.
More than 30 advisers fell off the FAR during the Christmas and New Year period, according to Wealth Data, with half of these coming from licensee giant Entireti.
With next-generation heirs unlikely to retain their family’s financial advisers after receiving an inheritance, Capgemini has explored how firms can work with younger generations to maintain a relationship.
The use of technology and data analytics will be a way for advice firms to grow in 2025, according to Adviser Ratings, with those who are using it successfully reporting 10 per cent higher profit margins.