XU Magazine - Issue 16

Meet BGL

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Written by Ron Lesh

Your partner in compliance

Tired of spending hours with manual process? Ron Lesh introduces BGL’s CAS 360 and Simple Fund 360, accounting software solutions that will simplify your ASIC corporate compliance and empower your SMSF administration business.

When we started in 1983, we were just a small consulting firm assisting accountants and businesses to gain more value from their computer systems. And as time passed, I started to question myself: why haven’t some of these manual processes been automated yet? Why are our clients wasting so much time processing data?

And that’s how it all started.

We first launched BGL’s Corporate Affairs System (CAS) in 1989, followed by Simple Fund Desktop in 1997! Having in mind that the accounting industry is in a state of constant change, in 2009 we decided to reinvent SMSF admin with our cloud-based solution Simple Fund 360, released to market in 2014. Followed by CAS 360, our cloud-based ASIC corporate compliance solution, in 2017.

Over the years, BGL evolved in so many ways to become Australia’s most awarded and leading developer of SMSF administration and ASIC corporate compliance cloud software solutions. It’s incredible to see how we went from a team of 2 employes to a well-established company with over 120 employees and 8000+ clients.

How will technology empower your business

We, at BGL, believe that embracing technology and moving to the cloud is all about creating efficiencies.

Have you ever thought about how highly you would like to save hundred of hours to focus on what really matters – your clients? That would be fabulous, right? Well, this is entirely possible if you have the right tools.

BGL’s CAS 360 and Simple Fund 360, for example, works while you sleep; automatically importing data and processing transactions from many different sources, including ASIC, ASX, Iress, banks, brokers, wrap accounts, platforms, registries, actuary and document providers. Our open API provides seamless data sharing for all our ecosystem business partners.

CAS 360 automatically downloads data from ASIC’s website to prepare company annual reviews and ensure company debt can be properly monitored. At same time, Simple Fund 360 provides efficiency gains through sophisticated data matching, highly intelligent corporate actions, big data analytics, machine learning, artificial intelligence, TBAR management and much, much more.

Added together, these tools empower and save accountants hundreds of hours each year!

Integration with Xero Practice Manager.

At BGL, we believe integration is the future of technology and that’s why our cloud-based software, CAS 360 and Simple Fund 360, provide unique two-way integration with Xero Practice Manager.

This means, if you make a change to a person’s details in Xero Practice Manager, CAS 360 is automatically notified so the appropriate ASIC forms and documents can be prepared. The same happens in Simple Fund 360 – enabling clients to maintain a single client database, the ultimate goal of a professional firm!

When clients subscribe to BGL applications, they get much more than just software.

But of course the technology itself is not enough! We understand that software is useless without first class support. Therefore, our clients also get access to BGL hands-on product training, our e-Learning channel, the BGL community, podcasts, webinars, executive briefings, industry events and award- winning client service.

Our clients’ success is definitely what drives our success.

Many of our clients have been with us for over 15 years and we would certainly not be here without them.

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About the author

Ron Lesh

Ron is the Founder and Managing Director of BGL Corporate Solutions. Ron has been involved in computer software for accountants for almost 30 years, being acknowledged as an industry thought leader. Prior to this, Ron spent 10 years in public practice where he led firms and qualified as a Chartered Accountant.