BGL releases new fund transfer feature for Simple Fund 360

BGL Corporate Solutions, Australia’s leading supplier of SMSF administration and ASIC corporate compliance solutions, has released an automated fund transfer feature in Simple Fund 360. This feature allows funds to be transferred between Simple Fund 360 clients.

“This was the No 1 feature requested by clients” said BGL’s Managing Director, Ron Lesh. “In the past, BGL had to handle this process much of which involved manual loading of files and data input”.

Now, Simple Fund 360 can transfer funds from one subscription to another with a few mouse clicks. All fund details, data feeds and full transaction history are moved across and a copy of the fund remains with the old subscription. “The new feature helps not only users who have a client moving from another firm to another, but also firms merging or splitting”, added Lesh.

“This industry first automated fund transfer process will save users hundreds of hours each year”, highlighted Lesh. “I’m glad to see the Team are keep constantly adding value to our software solutions and being pioneers in what we do”.

Last year, the Simple Fund 360 Team delivered 15 releases, while CAS 360 Team delivered 24 releases. “No other industry players have delivered so much new stuff to their clients over the past 12 months”.

Simple Fund 360 is the most widely used SMSF admin software solution with 180,000 funds loaded and CAS 360 the most widely used corporate compliance solution with over 320,000 companies loaded.