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BGL partners with OneVue to provide automated end to end processing solution for SMSFsSydney, 14 May 2010 - BGL Corporate Solutions Pty Ltd (BGL) and OneVue Limited (OneVue) have developed the first genuine end to end Self Managed Superannuation Fund (SMSF) establishment, transaction, administration and reporting solution.
Working together, the end to end solution automates the flow of data between BGL’s market leading SMSF administration software, Simple Fund, and OneVue’s Unified Managed Account (UMA). With some clever and complementary technologies, the automated data feed automatically loads all previous day transactions removing the need for advisers, accountants and fund administrators to process transactions manually.
“The time and cost savings are amazing” says BGL’s Managing Director Ron Lesh. “While others in the SMSF market claim to have automated data feeds, BGL and OneVue have developed something that actually works”.
BGL’s Simple Fund software already has the largest number of data feeds available in any SMSF administration solution and over 75% of all SMSF’s are administered with Simple Fund. Simple Fund currently supports data feeds from well over 100 sources including banks, brokers, financial institutions, platforms and financial planning software suppliers. With tight integration between BGL and OneVue’s UMA, the software can now accept data from virtually any source including OneVue’s separately managed accounts (SMA).
BGL clients can also access their data 24/7 through Portal by BGL. Portal provides live web access to data and reports as well as delivering documents automatically to advisers, auditors and trustees.
“Over the 15 years we have been in business we have seen many software suppliers come and go. The problem today however is that much of the data is now kept in the cloud and if the supplier fails, the administrator will lose access to all the data. Imagine the cost and the client inconvenience of trying to recreate hundreds of fund ledgers and the related audit issues. This is very scary indeed.”
“Both BGL and OneVue are focused on the customer experience. Our technologies are just the enablers and we have been fortunate that between us we have all the pieces needed to deliver a seamless SMSF experience” Connie Mckeage Global CEO of OneVue stated. AFS Group will be an early adopter of this service when it launches SMSF Select to its advisers in June.
BGL Corporate Solutions Pty Ltd
BGL Corporate Solutions Pty Ltd http://www.bglcorp.com.au/ is Australia's leading supplier of superannuation and corporate compliance software solutions. BGL's market leading and award winning Simple Fund software is used to administer over 75% of Australia's 416,000 self managed super funds with assets of more than $270 billion. BGL has over 6,000 clients in 12 countries using its product suite of compliance solutions for superannuation, company secretarial, investment management and general ledger. Our clients include all major accounting firms, law firms, many listed and private company groups, accountants, financial planners and many individual SMSF trustees.
OneVue Limited
OneVue Limited, http://www.onevue.com.au/ is a specialist Australian based provider of technology and service solutions for advisers, dealers and financial services institutions. OneVue is an independent, non-institutionally aligned company offering Australia’s first adviser directed Unified Managed Account (UMA) enabling investors and their advisers to view all assets and liabilities including their Separately Managed Accounts (SMA) through a single adviser-driven web-based desktop solution. OneVue also owns 50% of WealthCraft Systems Hong Kong which in turn owns 100% of a Shenzhen based software development centre. In conjunction with WealthCraft, OneVue has created AsiaPac’s first fully automated, end-to-end pension administration system (PAS).
Issued jointly by BGL Corporate Solutions Pty Ltd and OneVue Limited
For Further Information
Ron Lesh
Managing Director, BGL Corporate Solutions
03 9530 6077
0414 957 824
Connie McKeage
Group CEO, OneVue Limited
02 8022 7400
0403 609 965
BGL partners with OneVue to provide automated end to end processing solution for SMSFs
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