BGL locks in new integration with cash investment platform
SMSF software firm BGL Corporate Solutions has announced a new integration with an online term deposit and cash investment platform.
BGL has integrated with Australian Money Market through its Simple Fund 360 software, enabling users to see all their term deposits in one place and access cash accounts and term deposits from over 25 Australian financial institutions.
The Australian Money Market platform allows users to transact investments online without the need for additional paperwork.
“Funds stay in the client’s name and the platform provides an automated reporting capability, data feeds to software packages, confirmation storage, auto reconciliations, maturity alerts and audit certificates for each individual client,” said BGL.
BGL managing director Ron Lesh said Australian Money Market streamlines the administration of investing in term deposits online.
“With Australian Money market you can see all your term deposits in one place and maximise interest received on every rollover, it’s a true game changer and time saver for BGL clients,” said Mr Lesh.
“We’re thrilled to have Australian Money Market as part of BGL’s ecosystem.”
Australian Money Market managing director Stephen Jewell said the partnership with BGL would further streamline the administration and data feeds from the platform.
“We are delighted to be partnering with them to provide a win-win situation for both current and prospective clients that want to improve efficiencies and decrease administration time and, ultimately, costs,” said Mr Jewell.
Miranda Brownlee
Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.
Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates.
Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.
