Introduction at mclowd we take the security of your personal financial information seriously. Class client communication tools, particularly the mobile app, really help us to deliver a superior level of service to our. Conversion from another software provider simple fund 360. Our approach to security is based on the following foundations.
Due to the high cost of ownership of mysf and bgl simple fund i use and can only recommend gnucash update 7 nov 12 free smsf software package from mclowd that will help drive down most of the associated costs with running a self managed super fund. Simple fund 360 data integration list accurium, act2 solutions, audit, caseware, myworkpapers, bmr corp, cleardocs, dba lawyers, smsf academy, topdocs. By saving valuable time and resources, you will be. Mysf manager self managed superannuation fund software. Intelligent, cloudbased smsf software for accountants to efficiently manage the compliance and administration of selfmanaged superannuation funds. The tools accountants use to administer these funds, smsf management software, have also been shaken up by the move to the cloud and there are some parallels with the accounting software market. These are the cornerstones of evolv supers mission, to make smsf auditing easier for service professionals across australia who play a role in the management and compliance of their clients self managed super funds. The commercial property desktop assessment was designed for smsf administrators to process property assessments through bgl s simple fund platform, generating a pdf document. Our platform gives you direct access to australian shares, options, warrants, interest rate securities, etfs, mfunds and even the primary market ipos and placements. When choosing software please do so based on your own needs and contact the providers listed below.
Incumbents such as bgl have taken several years to develop cloud versions of their software to compete against newcomers such as class super. The selfwealth smsf leaders index construction method is a world first and utilises selfwealths proprietary ranking system, to rank over 80,000 portfolios as provided by bgl, australias largest smsf software administration platform. Bgl encourage clients to use up to date browsers to make use use these stronger cipher suites for communication. He says that whatever software accountants or trustees use, it needs to. Bgl desktop solutions include simple fund, australias leading cloud smsf administration software solution used to administer over 75% of smsfs. Ess biztools pty ltd ess biztools is a webbased resource service that provides accountants with business advisory inf. Mafematica and bgl form partnership money management. Smsf software corporate compliance software accounting.
Jul 16, 2012 the tools accountants use to administer these funds, smsf management software, have also been shaken up by the move to the cloud and there are some parallels with the accounting software market. The monthly fee packages for simplefund 360 online access are detailed below. Advertisement smsfs in retirement phase make up around half of the 600,000 funds and class notes that these funds are generally expected to be more conservative and are. Bgl attains data security certification for simple fund 360. Founded in 2005, class develops software for the wealth accounting market. Our solutions are fully integrated with leading accounting software and services such as class super, bgl and xero speak with your smsf administrator to find out what platform they are using, as well as giving you the ability to easily export data into numerous formats. Simple fund 360 is the market leading cloud smsf admin solution. Aug 07, 2019 bgl corporate solutions has announced it has been registered with the ato for the electronic lodgement of smsf annual returns through the standard business reporting sbr system.
Infrastructure access arrangements shared responsibility both the free smsf accounting software and services marketplace have been built from the ground up on the amazon web services platform. He said the software had all of the historical information required for the new reporting regime readily available. Aug 11, 2014 back in late 2012 i wrote about mclowd, the free smsf accounting tool at the time mclowd was a relatively new entrant, and the software was in public beta. The managing director of bgl securities limited, albert okumagba, has been banned by the securities and exchange commission sec for 20 years, from further participation in capital market. Nov 06, 2019 typical smsf operating costs excluding any investment costs were published by smsf software provider bgl recently, based on analysis of more than 180,000 smsfs. We offer a choice of 2 packages to meet our clients online access needs. Our simple fund 360 clients are in a great position as they can report to their clients on 1 july each year, he said. Moving to cloudbased smsf software comes with a cost. When it comes to selfmanaged super fund smsf software, class holds 17. The cloudbased product would offer smsf trustees and advisers a range of investment portfolios including direct shares and assistance in assessing the existing securities held in smsfs. Smsf software provider bgl has now registered for the lodgement of electronic smsf annual returns through the atos standard business reporting sbr system.
We are an australian company, listed on the asx under code cl1. This is not just in terms of moving data to the new system and retraining, but generally higher cost per fund for the smsf software. Market leader bgl did hold 75%, but could be losing market share to class. Describing the product as a game changer, bgl managing director ron lesh said it was the first real cloud solution available to smsf administrators, auditors.
A short history of bgl how bgl started and where it is heading. Online smsf audit tool is the best software for auditing smsf. The following guide describes how to activate the connection for linked accountants who use bgl simple fund 360 software to administer the smsf. Bgl share data pack simple fund 360 smsf administration. Bgl simple fund 360 integration we are pleased to announce our upcoming launch of the bgl simple fund 360 integration with the campus platform. He pointed out the smsf records of bgl simple fund 360 users were accurate and up to date. Bgl corporate solutions pty ltd bgl is a privately owned australian company and australias leading developer of selfmanaged super fund smsf administration and corporate compliance software solutions. Online smsf audit self managed super fund audit software. Bgl corporate solutions and corelogic rp data have released a new selfmanaged super fund commercial property tool. Bgl attains data security certification for simple fund 360 published by smsf adviser, powered by momentum media written by sarah kendell on 15 january 2020 smsf software provider bgl has announced that its simple fund 360 platform for smsfs has attained iso 27001 certification, a key international data security standard. But not as you know it innovation, quality, efficiency and value.
The following is designed to be a quick comparison between the various smsf software options available out there. Smsf software icare super uses the most professional accounting and administration software to provide accurate accounting information for your smsf. Cloud shakes up smsf software in booming diy superannuation. Each smsf software package offers different features, some with additional costs, particularly around data feeds and auditing. What does it really cost to run your own selfmanaged superannuation fund smsf. What our smsf trustees are saying this new bgl simple fund 360 must really make the accountants nervous, as i think it is fully possible to lodge my return with just an auditors report. Our customers include top tier accounting firms, smaller accounting practices, professional smsf administrators, financial advisers and auditors. This is a first in the smsf admin software industry.
Online training access to the bgl learning channel an online, selfpaced training platform is included as part of your simple fund 360 subscription. Its cloud and desktop software is used by 70% of smsf s. The smsf association smsfa asked smsf administrators bgl and class to crunch some numbers around costs and their figures are very different to asics. There are two key parts to activating a connection. Smsf software provider bgl has announced a new integration with online will platform your wills, giving users of its simple fund 360 software access to a quick and easy will solution for their smsf clients. Free smsf accounting software approaching maturity fusion. Bgl achieves sbr registration for smsf returns accountants. Bgl offers data conversions from a range of different corporate compliance and super fund administration packages such as crs, gems, viewpoint, blueprint. Accounting workpapers live webinar recording simple fund. Selfmanaged super fund smsf software firm bgl corporate solutions has added bendzulla actuarial to its actuarial certificate providers. Financial services fintech firm mafematica is partnering with bgl to provide retirement solutions to clients of bgl corporate solutions. Bgl adds actuarial provider to smsf software money. Bgl and corelogic release desktop smsf property tool.
I recently went back to check on their progress, and was amazed at how much the guys had achieved in just 18 months, and how quickly their online community is growing. An accounting software connection is available where an accountant has been registered with bt panorama and linked to an smsfs bt panorama account. Get the fcpa designed smsf software you need for simplified compliance, complete control and improved portfolio management of your self managed superannuation fund. Access to the bgl learning channel an online, selfpaced training platform is included as part of your simple fund 360 subscription. The information is current as at 30th of july 2018.
Bgl corporate solutions, australias leading supplier of smsf administration and asic corporate compliance solutions, is proud to announce the release of stage 1 of its artificial intelligence ai assistant for simple fund 360. Bgl is currently the main player in the smsf software market, holding the largest market share. Compliance software solutions firm bgl solutions is releasing an updated version of its administration capability, simple fund 360 version 3. As a new firm looking for smsf software, we considered several accounting. Free smsf accounting software approaching maturity. Simple fund 360 is an intelligent, cloudbased smsf software for accountants to efficiently manage the administration of selfmanaged superannuation funds. Newsletter mclowd news on self managed super funds and smsf software. An accounting software connection is available where an accountant has been registered with bt panorama and linked to an smsf s bt panorama account. Smsf administration and compliance software provider, bgl corporate solutions has entered into a partnership with digital financial advice provider, ignition wealth aimed at increasing their reach into the accountingselfmanaged superannuation funds sector by providing a licensing solution.
This webservices integration allows bgl users to automatically populate a range of smsf legal, tax and compliance documents with the data available within your bgl simple fund 360 account. Jun 23, 2016 when it comes to selfmanaged super fund smsf software, class holds 17. To ensure you are always using the most up to date and compliant documents around. Simple fund 360 data integration list smsf software. Commenting on the partnership, bgl managing director ron lesh said working with your wills would make it easier f. Bgl is australias leading developer of smsf administration and asic corporate compliance software solutions. Bgl releases the first smsf artificial intelligence in simple. This means that if you are auditing a fund, the checklist should have the capability to test each and every transaction and compliance issue with the current law. Bgl is the first major software supplier to achieve sbr registration for the smsf annual returns. Blog media mclowd media releases and media coverage on self managed super funds australia and smsf software. How much time does it really take to run an smsf and what.
As a new firm looking for smsf software, we considered several accounting packages and found that supermate was best value for money. Easy to collect and upload information, very good checklist, covers every aspect of smsf, huge time savings with the ability to generate reports and complete an audit with only click and the signed audit report is sent to the trustee accountant. Now, through a seamless document solution from within your smsf software, bgl has chosen smarter smsf to deliver specialist smsf legal, pension and compliance documents directly from within your bgl software. Bgl ready to release simple fund 360 money management. Bgl and ignition keep accountants in smsf space money. Simple fund 360 is an intelligent, cloudbased smsf software for accountants to efficiently manage the compliance and administration of selfmanaged superannuation funds. Oct 24, 2019 smsf software provider bgl has announced a new integration with online will platform your wills, giving users of its simple fund 360 software access to a quick and easy will solution for their smsf clients. May 28, 2018 financial services fintech firm mafematica is partnering with bgl to provide retirement solutions to clients of bgl corporate solutions. Simple fund 360 is australias leading cloud based smsf administration software solution. The software has been a great smsf processing solution that has given us the capability to grow our smsf service and clients tenfold in 4 years. As part of the partnership, mafematica would integrate with bgls simple fund 360 software and would be included as part of its ecosystem in bgls marketplace. Its cloud and desktop software is used by 70% of smsfs. Though it is not mandatory to use the investments listed they do maximise the efficiency and accuracy of the service by reducing the need for manual input. Smsf software simple fund 360 selfmanaged super fund.
Bgl simple fund 360 gains sbr registration for smsf returns. The fintech firm will offer smsf trustees and advisers a range of investment portfolios, including direct shares, as well as assess the existing securities. In a 2018 report smsf administration software company class revealed some key differences in the asset preferences of accumulation phase and retirement phase smsfs. While this allows new features for accountants and their clients, moving to the cloud also comes with costs. The fintech firm will offer smsf trustees and advisers a range of investment portfolios, including direct shares, as well as assess the existing securities held in smsfs. Easily manage your smsf our solutions are fully integrated with leading accounting software and services such as class super, bgl and xero, giving you the ability to easily. Simple fund 360 smsf trustee software cloud smsf software. Back in late 2012 i wrote about mclowd, the free smsf accounting tool at the time mclowd was a relatively new entrant, and the software was in public beta. If you do not specifically mention any software to be used for your smsf, we will choose bgl simple fund desktop software free of charge. Smsf software provider bgl has announced that its simple fund 360 platform for smsfs has attained iso 27001 certification, a key.
It is not designed to be a conclusive list and this website does not endorse any software provider over another. These are the cornerstones of evolv supers mission, to make smsf auditing easier for service professionals across australia who play a role in the management and compliance of. Simple fund 360 smsf software will empower you and your firm to go beyond data entry and grow your smsf business with its innovative technology. He has since worked in a senior management capacity in companies such as justsuper, deloitte and nab in developing some of australias leading smsf administration and accounting solutions. Smsf alliance does not provide any warranty of performance or otherwise for any company or product noted. Fintech firm teams with smsf software company sms magazine. Guide to activating accounting software connection bgl. Accounting workpapers live webinar recording simple. Dec 01, 2019 simple fund 360 is an intelligent, cloudbased smsf software for accountants to efficiently manage the compliance and administration of selfmanaged superannuation funds. Bgl is australias leading developer of smsf administration and corporate compliance software for the accounting industry, simple fund 360 and cas 360. This is not meant as a direct comparison of the software, but to show the trend towards highercost cloudbased smsf software.
Bgl attains data security certification for simple fund 360 smsf. Selfmanaged superannuation fund smsf specialist software provider bgl has announced the commercial release of its smsf administration solution, simple fund 360, from 19 march. The my smsf, smsf setup fee is subject to the conditions listed on our fee schedule page. Having online access to your smsf helps you to manage your smsf affairs better. Simple fund 360 smsf software will empower you and your firm to go beyond data entry and grow your smsf business with its innovative. Supermate smsf software for accountants superconcepts. Gavin began his career as a product manager at bgl, australias leading smsf software solution. Simple fund 360, which was launched at the end of may ahead of the 20172018 financial year super reforms, had updated the software with new features to better aid compliance. The commercial property desktop assessment was designed for smsf administrators to process property assessments through bgls. This means our clients can lodge smsf annual returns any time, from anywhere and on any device said bgl managing director ron lesh.
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