BGL's Comprehensive Self-Managed Super Software

BGL's SuperStream technology is revolutionising the way superannuation funds are managed in Australia. This software, developed by BGL Corporate Solutions, is transforming the administrative process for SMSFs (Self-Managed Super Funds) and other super funds, by making it easier to meet the ATO's SuperStream compliance requirements.

BGL Super is an intuitive, cloud-based superannuation software solution that streamlines various processes, including contributions, payments, rollovers, and member data management. By eliminating manual data entry and errors, this powerful tool enables fund managers to focus on strategic decision-making and member engagement.

Streamlined Compliance with BGL Super

One of the standout features of BGL Super is its ability to seamlessly manage regulatory compliance. This ensures that funds always meet the ATO's SuperStream standards, reducing the risk of penalties and administrative headaches.

BGL Super achieves this through its automated processes for contribution creation, bank account verification, and receipting. It also simplifies and centralizes reporting, creating a clearer picture of a fund's financial health and performance.

Contribution Processing via BGL Super

For fund managers, the process of creating and submitting contributions can be time-consuming and prone to errors. BGL Super simplifies this by enabling creation and submission of contributions in under 5 minutes - a 90% saving in time compared to manual processing.

It also offers a range of contribution types, including employer contributions, personal contributions, and rollovers. Additionally, BGL's superannuation software automatically checks if a fund's compliance address is a valid ABN, further enhancing the accuracy of data and reducing manual effort.

Seamless SuperStream Integration

BGL Super's core strength lies in its seamless SuperStream integration. This allows fund managers to easily submit both super guarantee and non-guarantee payments directly to the ATO, further reducing administrative burden.

Moreover, the software's secure receiving function ensures that funds receive non-employer contributions and rollovers safely, with quick and easy integration of these updates into a fund's member data.

The Benefits of Adopting BGL Super

Transitioning to BGL's superannuation software can lead to a significant transformation in a fund's operational efficiency and member experience. By automating repetitive tasks and reducing errors, fund managers can redirect their focus towards member engagement, strategy, and growth.

BGL Super's user-friendly dashboard provides a clear view of a fund's financial performance and compliance status. This enables managers to make data-driven decisions, ensuring that the fund is always in line with its strategic objectives.

Improved Member Engagement

BGL Super simplifies the member data management process, enabling managers to easily update member information and apply changes. It also facilitates seamless consolidation of multiple member account balances into a single account, combating the threat of proving lost members.

Furthermore, BGL's superannuation software aligns member super accounts with their Tax File Numbers, ensuring that each member's superannuation balance is correctly updated and maintained.

Cost and Time Savings

By reducing manual data entry and streamlining regulatory compliance, BGL Super can substantially cut a fund's operational costs. In fact, according to BGL, fund managers can save up to 72% in time on superannuation administration tasks.

Enhanced Fund Security

BGL Super's security features make it an ideal choice for SMSFs seeking to protect their assets. The software's ATO-approved receiving function ensures that funds are secure on both sides of a transaction, providing greater peace of mind for both managers and members.

All this and more makes BGL Super the gold standard in superannuation software. It's a tool designed to empower fund managers and enhance member experiences, all while ensuring full compliance with Australia's complex regulatory landscape.