BGL Corporate Solutions
BGL Corporate Solutions has been selected as an ABA100® Winner for Business Innovation in The Australian Business Awards 2023 for its AI-powered paper-to-data solution, BGL SmartDocs 360. The Australian Business Award for Business Innovation [BIA] recognises organisations that have successfully implemented initiatives that demonstrate leadership and commitment to business innovation.
“This is a fantastic achievement and a testament to the outstanding efforts and dedication of our product development teams. I couldn’t be prouder of their hard work developing this innovative and unique paper-to-data solution.“What makes BGL SmartDocs 360 so exciting and unique is that it uses artificial intelligence with advanced deep learning algorithms to read documents, whereas most existing solutions use document templates.”
BGL Corporate Solutions (BGL) delivers innovative, multi-award winning, third generation, company compliance management, self-managed superannuation fund (SMSF) and investment portfolio software solutions to over 9,500 businesses in Australia, Hong Kong, New Zealand, Singapore, the United Kingdom and 15 other countries around the world.
With superior automation and sophisticated artificial intelligence-powered technologies, the BGL Product Suite includes three integrated, cloud-based solutions:
- CAS 360 (Innovative company compliance, trust and AML management software)
- Simple Fund 360 (AI-powered SMSF administration software)
- Simple Invest 360 (End-to-end investment portfolio management software)
The BGL Suite integrates with 350+ data feeds and Ecosystem partners to provide clients with industry-leading holistic compliance solutions.
In October 2022, BGL launched BGL SmartDocs 360 to expand its Product Suite. BGL SmartDocs 360 is a cloud software solution that helps businesses unlock their full potential by transforming unstructured data into smart digital data. BGL SmartDocs 360 is an AI-driven paper-to-data tool that uses AI and deep learning to process documents. The solution provides retail and developer (no-code AI) solutions, meaning it can be integrated into any software solution any business uses to convert paper to data. BGL SmartDocs 360 learns from documents submitted through its training engine and does not require the creation of templates for each document layout like other existing solutions. Once BGL SmartDocs 360 has learnt the document type (it takes approximately ten documents), it will permanently process the document type even if the document itself changes the layout. The document can be either a PDF or an image.
The problem BGL SmartDocs 360 solves is the challenge of processing and converting large amounts of unstructured data, such as paper documents, into digital data efficiently and cost-effectively. This solution is particularly beneficial for businesses that deal with high volumes of documents, such as accountants, SMSF and investment administrators and advisors, who need to process large amounts of financial and investment data.
As a flagship product, BGL SmartDocs 360 will allow BGL to expand its market share and customer acquisition. It will achieve this by providing a solution to businesses across many industries seeking to streamline their operations and improve efficiency. As a $50m revenue group this year, BGL projects BGL SmartDocs 360 to add 15-20% to its revenue each year.
For information about BGL Corporate Solutions, visit bglcorp.com.au