“Simple Fund 360 is the only fully functional SMSF administration solution that can be accessed any time, from anywhere and on any device,” BGL stated in its announcement.

“When BGL released Simple Fund in 1997, it was the first of its kind - a Windows based SMSF administration solution,” said BGL’s managing director Ron Lesh.

“Today, BGL has released Simple Fund 360, again the first of its kind, a real cloud SMSF administration solution.”

Simple Fund 360 has been built using the resources of data centre operator Amazon Web Services (AWS).

“AWS allows Simple Fund 360 to be 100% self-servicing. BGL clients can invite auditors, advisors, trustees or anyone who needs access to an SMSF providing each with an individual user experience in just seconds.”