New tech to aid SMSFs

by AB16 Apr 2013

BGL Corporate Solutions, Australia's leading supplier of administration software to SMSFs, has partnered with national data and analytics group RP Data to provide automated property data to the market.

Through BGL’s ‘Simple Fund Desktop and Simple Fund 360 web SMSF administration solutions’, BGL managing director, Ron Lesh, says clients will be able to obtain property valuations, complete land title searches, request depreciation schedules and access a number of additional services provided by RP Data.

“Clients will be able to request residential and commercial property valuations in a number of different forms through their BGL software. The valuation details will then flow back into Simple Fund and a PDF of the valuation will automatically be attached to the appropriate fund. This is a sensational new and unique service for our clients.”

Lesh says the latest ATO statistics show around 17% of SMSF assets are held in property and that this figure continues to grow. This new service will help our clients to provide up-to-date asset valuations and will also make it easy for property valuations to be obtained for year-end audit.”

RP Data CEO, Graham Mirabito, says the organisation is pleased to partner with BGL in order to provide access to its range of valuation and analytics services for the benefit of SMSF industry.

“At $5.5tn the Australian residential and commercial property markets are the largest asset class underpinning Australia’s wealth. BGL has recognised the strength of RP Data’s depth in property data and the enterprise grade nature of our RP Gateway product.”

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