In the first 24 hours of its release, 25 firms had signed up to the service, BGL said.
“We are already seeing large numbers of users being invited to Simple Fund 360 and many mobile devices being used to check out the software,” BGL’s managing director Ron Lesh said.
Simple Fund 360 has been through a period of closed beta testing since July 2013, when it was released to 100 clients, BGL said.
“We have not decided when Simple Fund 360 will go from open beta to commercial but the software is very close,” Mr Lesh added.
“We’ll pick the most appropriate dates in early 2014. The open beta period will give us an opportunity to make sure Simple Fund 360 performs as we expect.”
Simple Fund 360 is available free of charge to BGL clients during the open beta period.