BGL integrates with Acumentis to simplify SMSF property valuations

BGL Corporate Solutions have announced the release of its integration with national property valuation company Acumentis, to simplify SMSF property valuations.

“We are excited to add Acumentis to the BGL Ecosystem,” said BGL’s Managing Director Ron Lesh. “This integration will provide BGL’s Simple Fund 360 and Simple Invest 360 clients with seamless access to compliant SMSF property valuations and tax depreciation schedules for a wide range of property types, including residential, commercial and agribusiness, spanning the entire nation.”

Acumentis’ registered valuers are uniquely equipped to deliver cost-effective valuation and assessment reports with their extensive expertise, local and asset-specific knowledge and invaluable market insights. Acumentis SMSF assessments are completed using methodology and data to ensure ATO compliance, providing clients with the information and confidence required for SMSF reporting.

Nathan King, National Director Advisory at Acumentis, said, “SMSF trustees and administrators struggle with gaining access to relevant market data to substantiate the market value of SMSF property assets. This often leads to auditor queries or valuation reworks. An Acumentis SMSF property assessment provides an audit compliant market value in a cost effective and timely manner. BGL clients can now easily order a fixed price commercial or residential property assessment online and receive an ATO compliant property assessment within five working days.”

Jeevan Tokhi, Head of Simple Fund 360 at BGL, said, “The partnership simplifies the landscape for SMSF property assessments, providing BGL’s clients with seamless access to compliant SMSF property valuations and tax depreciation schedules for a wide range of property types. Under the ATO’s Valuation Guidelines, there is a limited range of professionals who can provide valuations, and with the rapidly changing property market, obtaining an independent property valuation ensures trustees, SMSF professionals and auditors have a correct valuation of SMSF assets and that the valuation is based on objective and supportable data.”

BGL’s SMSF administration and investment management software, Simple Fund 360 and Simple Invest 360, now support integration with 4 property valuers. “BGL is committed to providing our clients with choice and flexibility through our growing ecosystem,” added Lesh. “This gives our clients the freedom to choose which service provider they connect to in their BGL software.”

BGL’s free and open API is used extensively across the industry with 350+ data feed and integration partners in the BGL Ecosystem, delivering a holistic experience to BGL clients.