BGL celebrates Simple Fund 360 reaching 300,000 funds

BGL celebrates Simple Fund 360 reaching 300,000 funds

BGL Corporate Solutions have announced that its award-winning SMSF administration software, Simple Fund 360, now supports over 8,200 clients managing more than 300,000 funds.

“This marks a significant milestone for BGL and the Simple Fund 360 team,” said BGL’s Founder and Director, Ron Lesh. “I am incredibly proud of each and every member of the BGL team both past and present who have helped us get to this milestone. This accomplishment displays our Team’s dedication to delivering an exceptional product and outstanding service to our clients”.

Released in 2014, Simple Fund 360 is the complete SMSF administration software solution with AI-driven processing, industry-leading automation, analytical insights, accounting workpapers and much more. Innovative features like BGL SmartDocs, Smart Matching, Workflow and Smart Reports for financial analysis mean it stands alone as the market-leading SMSF administration solution.

Simple Fund 360’s impressive growth is set against the backdrop of the latest Australian Taxation Office (ATO) SMSF statistics. On 31 March 2024, Australia had 616,400 SMSFs managing $932.9 billion in assets. Notably, BGL reached 250,000 funds in 2020, underscoring the remarkable progress we have made over the past few years.

Jeevan Tohki, General Manager of Product – Simple Fund 360, Simple Invest 360 and BGL SmartDocs at BGL, said, “BGL has remained the number 1 SMSF software provider for the past 25 years. Simple Fund 360 launched 10 years ago and now has over 49% of the market. Its market share continues to grow consistently due to BGL’s team’s constant innovation, listening to client feedback and having a fantastic team that cares about its clients.”

Looking ahead, BGL’s Chief Executive Officer, Daniel Tramontana, shared his thoughts on the future. “We are exceptionally proud of the team’s hard work and commitment. We aim to achieve 50% market share soon while continuing to lead the industry and provide unparalleled service and innovation to our clients.”