BGL Corporate Solutions
BGL Monthly June 2008
BGL News
Referrer Program

Did you know you can be rewarded by introducing by introducing a colleague or business associate to BGL who subsequently invests in any BGL subscription?

You could earn Products & Services vouchers up to the value of $100. Check out the Client Referral page on the website for more details or contact the Sales and Marketing team 1300 654 401 or info@bglcorp.com.au.
The Managing Director

Welcome to our new look monthly client newsletter.

BGL is working to improve the way we deliver information to our clients. Part of this process has been the revamp of the client newsletter by making it easier for you to find the sections that interest you. We have also added a print button so you can print the entire newsletter should you wish to do so.

The last couple of months have been pretty crazy at BGL.

With the delivery of the new Nexus Database, software upgrades and client update seminars, BGL has taken a number of significant forward steps. And there is a lot more to come over the next few months.

BGL is well on track to deliver a number of new modules to clients in the second half of 2008. At the moment we are focusing on the Simple Fund Tax update due at the end of July 2008. At the same time, there will be a new CAS release with a number of new features and the re write of a number of existing functions to make them work better.

Over the next couple of weeks, BGL will release its 2008/2009 Product Roadmap. We did intend to release this during May but found we needed to make some significant changes to our development program so an early release was premature.

Let me take this opportunity to thank clients for their support over the past couple of months. It has been a difficult time with so much change. But the end result in our view has been worth the effort and the work we have all done will provide a myriad of exciting opportunities for clients in the not too distant future.
Subscription price increases

BGL Subscription Renewal Prices for all products will increase form 1 July 2008. The overall price increase is around 8% as BGL has not increased prices since 1 July 2006 so this price increase is a necessary catch up. BGL has decided so as  to avoid large prices increases every 2 years, in future we will increases prices in line with inflation each year. We feel this is fairer to clients and fairer to BGL.

BGL is committed to always provide you with exceptional value for money. This commitment is an underlying principal of BGL from which we will never falter.
Training

BGL Hands on Product Training courses are run by experienced BGL trainers who are there to guide you through each step of the course and answer any questions you may have. The training courses are a great way for you to learn the BGL products and get the best use of them. Courses for the first half of 2008 are filling fast, so you need to book early to secure your place. To find out more about the BGL Training courses and or to register, visit the BGL Website.

New locations
BGL Hands on Training courses are held regularly in Adelaide, Brisbane, Melbourne, Perth and Sydney in the upcoming months, BGL will also be offering Hands on Training courses in:
Albury
Gold Coast

Recently you would have recieved your BGL Training Guide for July to December 2008. You can also check out the latest training dates and course content for each session on the BGL website:


If you have any training related questions, please speak to our Training Coordinator Claire de Freitas on 1300 654 401 or by email at training@bglcorp.com.au

You can register for all Hands on Training sessions through the BGL Client Centre clients.bglcorp.com.au
Becoming a reseller

Did you know by introducing your clients to Simple Fund, Simple Invest or Simple Ledger you can earn commission on all subscriptions purchased?

By purchasing Simple Fund, Simple Invest or Simple Ledger your clients can
and much more then by passing their data files to you, you can reduce your data entry and focus on the high value services.
Simple Fund Beta Testers Required

The Simple Fund Team is currently looking for additional beta testers to assist with the transition to the 2nd round of Simplified Superannuation changes.

You will have the opportunity to make suggestions for improvement and become familiar with the new Self managed superannuation fund annual return 2008 (NAT 71226). The new SMSF annual return replaces the old fund income tax and regulatory return and member contribution statements (MCS)

These benefits however come with some obligations. For BGL to gain the utmost benefit from a beta release program we need you to:

If you are interest in becoming Simple Fund 11.1 beta tester please send an email to clientrel@bglcorp.com.au
User Groups

Become a member of a BGL Product User Group. This is your opportunity to network with other BGL clients, share your ideas and learn more about the BGL products.

Dates for the next meetings are as follows:

State
User Group Next meeting
Melbourne Simple Fund Professional
CAS
Simple Fund Trustee
 23 June
10 June
24 July
Perth Simple Fund Professional 9 June
Sydney Simple Fund Professional
CAS
 TBC
TBC
Brisbane Simple Fund Professional 10 June
Gold Coast Simple Fund Professional
18 June
Hobart
Simple Fund Professional TBC
Adelaide Simple Fund Professional TBC
Canberra Simple Fund Professional August TBC





















To register for any of the above User Groups, visit the BGL website. Your confirmation including venue details will be provided when you register and print your confirmation. Alternatively, you can contact Jess Campbell in the Sales and Marketing Team by email or on 1300 654 401.

New User Groups in 2008
BGL would like to establish User Groups in Geelong, Tamworth and North Paramatta in 2008. Please email Robyn Riley our Client Relations Manager if you would like to attend a User Group in any of these areas clientrel@bglcorp.com.au.
ASX and Managed Fund Data Feed

BGL Client Services offers a comprehensive ASX and Managed Fund data feed service utilising the latest web technology to import ASX and Unlisted Unit Trust (UUT) data directly into your Simple Fund, Simple Invest and Simple Ledger software.

Data is available on a daily, monthly, quarterly, annual or ad hoc basis depending on your individual needs. ASX data includes price and dividend data and ASX/UUT data includes prices, dividend / distribution and UUT Asset Allocation data.

The data is sourced directly from ASX and Morningstar Research Pty Ltd and supported by BGL, so you can be confident that the data is accurate and correctly licensed for distribution.

Benefits

Subscribing
BGL Team News

Welcome
Shona Green as Administration Assistant.
Kenneth Das as Support Consultant

Goodbye
Vineet Prasad, Support Team Leader and Febry Sastrawijaya, CAS QA Coordinator has left BGL to pursue another opportunity we wish them well in their future endeavors. Asha Cahill has also moved on from BGL wish her good luck for the future.


Congratulations
There have been lots of staff changes at BGL this month Congratulations to all staff on their efforts

Warren Renden for his promotion to Assistant Product Manager for CAS
Anthony Fernandez for his promotion to Simple Fund QA Coordinator
Yadro Jovanovic for his promotion to Simple Fund Product Manager (Compliance)
Matt Crofs for his promotion to Simple Fund Product Manager and Business Development Manager
Jeevan Tokhi for his promotion to Simple Fund Senior Test Analyst
Adam Wang for his promotion to Support Team Leader
Chau Le for her promotion to Assistant Simple Invest and Simple Ledger Product Manager


Product News
CAS

CAS Version 11.0 (23/04/2008) is currently available on our web site. To download the latest update, please log in to the BGL Client Centre.

The CAS team have officially appointed our new Assistant Product Manager, Warren Renden.

Warren has been part of the team for several months, working towards a permanent position within the CAS team. Warren has added excellent value to the CAS team and all CAS clients.

Warren will help the CAS team to continue to provide outstanding software, and maintain the highest level of service to all clients.

The latest version of CASNet has been completed. The CAS team is currently completing the final stages of testing. The CAS update will be available in the first week of June.

Clients that require digital certificates to use for lodgement with ASIC, will no longer be able to acquire them from SecureNet. The CAS team is currently finalising changes to the code to accommodate for digital certificates acquired through Verisign. This will be released shortly.

Please note that digital certificates for use within CAS can only be issued by Verisign or SecureNet and no other provider.

The CAS Version 11 installation has been deployed successfully for many clients. The majority of issues clients experienced were directly related to the installation. This installation was extremely different to any prior installation of CAS. Clients handled this very well and the time spent putting together detailed manuals has certainly paid off.

We urge all clients to make sure that installation guides are read in their entirety before running any upgrades or installs. This will ensure a smooth transition for users each time any products change.

The new user interface has received excellent feedback from clients. The next release of CAS will have some additional changes to the interface that will once again give clients improved functionality.

ASIC News

Fixed Corporate Key

Corporate keys issued to companies on annual statements after 26 May 2008 will now be fixed. They won't automatically change each year. Until the new fixed key is issued, current corporate keys are still active.

• You will still see them printed on annual company statements each year for reference.

• You must still use the corporate key when lodging some paper forms.

• You can still use a corporate key to register for our online services.

• You can still ask us to issue a new one at any time if you have concerns that someone has had unauthorised access to it—go to www.asic.gov.au/corporatekey.

Registered agents can still ask for a corporate key to be changed, the new key will be sent to the company's registered office.

If a company appoints or ceases a registered agent, a new corporate key will be issued to the company.

CAS Tip of the Month

Search ASIC’s Database

CAS Process Tree | Sub Systems | ASIC Search

This function gives client the opportunity to prepare documents to search the ASIC database. This will provide access to the ASIC search software provided by our business partner International Databank.

The search forms prepared here are:

Please Note: Clients with CASLite or CASLite+ will NOT have access to this function

Simple Fund

Simple Fund release 11.0 (08/05/2008) is currently available on our web site. It contains a new updated look and the new improved NEXUS database engine as well as over 30 other changes and bug fixes.

A new Simple Fund Configuration Tool was included with release 11.0 (08/05/2008) to help quickly identify incorrect and multiple installation issues. This new tool is named SFUNDCONF.exe can be found in the SFUND folder and can be used by BGL Support or your IT personnel when you need to edit the Simple Fund configuration files.
For further detail of the latest changes logon to the BGL client centre clients.bglcorp.com.au.

During May the Simple Fund team also released FUNDNet Version 4 which includes a shift to the new nexus database. It also contains several new features requested by existing FUNDNet clients.

For those that are not aware FUNDNet is the browser interface to Simple Fund and provides SMSF reporting for your clients and your team via an Intranet or over the Internet 24 hours a day, 7 days a week from anywhere in the world. If you would like more information about FUNDNet, contact BGL Sales on 1300 654 401

Throughout June the team will continue implementing the 2nd round of superannuation legislation changes that come into effect for the 2008 financial year. There will be significant changes to the tax return calculations including a brand new SMSF return which will see the consolidation of the MCS into a single SMSF return.


Simple Fund Tip
Important Information: If you have any outstanding 2007 or earlier years Member Contribution Statements (MCS) awaiting lodgement you must lodge these before 1 July 2008. The ATO ELS gateway will not accept the current MCS forms on or after 1 July 2008.
Simple Invest

Simple Invest Version 6.0 (28/05/2008) is currently available on our web site. To download the latest update, please log in to the BGL Client Centre.

Please review the full installation instructions available from the BGL Client Centre before running this update.

In this update we have added the new merger and demerger facilities to enable our clients to process those corporate actions in an accurate, fast and reliable way. They have been added to the Additional Functions available within the Transactions Search screen.

This new demerger process will make the time consuming and often complex task of processing corporate demergers much easier. The screen provides users the ability to automatically process demergers where a company has split into two entities and has chosen to apply CGT rollover relief.

The demergers screen provides users with the ability to input mergers where a company takes over another entity and has chosen to apply CGT rollover relief. Users need to ensure they have input all purchase details up until the date of the merger for the existing entity.
We have also improved the Register Selection screen to enable multiple registers functions such as updating and deleting registers. The update also contains an improvement to the disposal deletion process as well as all the current bug fixes.

Please refer to the latest features document available in the BGL Client Centre for all new features and bug fixes available in version 6.0 dated 27th of May 2008.


Tip of the Month
Did you know that you can change the way you preview and print investment reports in your Simple Invest?

To change the Asset Report fonts and margins, select Defaults in Administration and than hit Reporting tab. In the Reporting screen you can select desired reports font and margins. In addition, there is a default option whether to display the thumbnails on the reports preview screen.
Simple Ledger

Simple Ledger Version 3.0 (19/03/2008) is currently available on our web site. To download the latest update, please log in to the BGL Client Centre.

Clients who have not updated to the latest version please note the following Important Information:

Our Simple Ledger team is working on a minor update that will be available in early June. The update is mainly of interest to our Singapore clients as it will deliver further improvements to the XBRL module.

Tip of the Month
Did you know you can upload transactions using the SLImport.xls file located in your Simple Ledger folder?

The file format is easy to use and is an efficient way to upload transactions. Just simply fill in the required details and save the file in a csv format. It can then be uploaded using the "Simple Ledger CSV Import" data source from the Data In/Out screen.

You may upload all types of transactions including income with tax components, asset purchases, liabilities, expenses and transactions with GST.

For step by step instructions, check out the help option in the Data In/Out screen.