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BGL integrates with AuditCover for hassle-free SMSF audit insurance

September 18, 2024

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BGL Corporate Solutions (BGL), Australia's leading provider of company compliance, self-managed superannuation fund (SMSF), investment management, identity verification and AI-powered paper-to-data software solutions, is proud to announce its integration with AuditCover, a leading provider of hassle-free tax audit insurance for SMSF clients.

The integration seamlessly connects BGL's market-leading SMSF administration software, Simple Fund 360, to AuditCover—an InsurTech solution that provides comprehensive tax audit insurance to protect SMSFs, businesses and individuals from unforeseen professional fees arising from tax audits.

"We are excited to welcome AuditCover to the BGL Ecosystem" said BGL's CEO Daniel Tramontana. "This integration empowers BGL clients to offer their SMSF clients reliable protection against unexpected accounting fees associated with tax audits. Accountants now have the ability to share insurance options with their clients effortlessly, helping them add value to their services."

The integration simplifies the quoting process for BGL clients. It automates campaign setup, policy renewals and client communications ensuring a hassle-free experience for accountants and their clients. With flexible options, accountants can send personalised quotes to their entire client base or onboard new clients with tailored coverage.

"AuditCover's seamless integration with Simple Fund 360 ensures accountants can protect their clients while keeping administrative workloads to a minimum" continued Tramontana. "The ease of use, combined with cost-free practice integration, makes this partnership a valuable addition to the BGL Ecosystem."

Gil Snir, CEO at AuditCover commented on the integration: "We’re thrilled to be partnering with BGL to bring tax audit insurance to over 300,000 SMSFs on their platform. With ATO scrutiny on SMSF compliance at an all-time high, this integration is incredibly well suited for the current landscape. BGL clients can now provide access to insurance solutions for their SMSF clients in just seconds, adding value and simplifying the entire process."

Brad Wilkinson, Head of Ecosystem at BGL, said: "Our clients value solutions that simplify complex processes and this integration with AuditCover offers just that—an easy, efficient way to ensure their clients are protected. With access directly from Simple Fund 360, setting up and managing audit insurance has never been easier."

BGL's API is used extensively across the industry with 400+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients.

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