“By creating the ability to import client data from Coin’s software and integrate this information with BGL’s Simple Fund compliance solution through an automated data upload feature, the two providers are helping to streamline the flow of SMSF data and the advice process,” BGL and Macquarie Group-owned Coin said in a statement.
“This integration will allow financial advisers using solutions from the two providers to gather information on a client’s portfolio from Coin software, such as client details and asset allocation, with data flowing into BGL’s compliance and administrative solution Simple Fund.
“This will drive efficiencies for advisers, ensuring greater accuracy by removing the risk of human error with the transfer and upload of electronic data files, and by simplifying reporting for superannuation funds.”
Coin head of product and technology Robert McCabe said the data exchange with BGL provided an effective solution to the financial advice industry that combined the strengths of software with SMSF administration.
