BGL Desktop since 2006.
I have found absolutely no efficiency gains what so ever from SF360. In fact it was more efficient for us in desktop.
The Broker imports do not work as described with SF360 failing to match the majority leaving us to manually match them. Support went above and beyond to help but in the end they too could not get it to work. To top it off SF360 wouldn’t even allow auto coding to the broker clearing account (after all all we want the clearing account to end with is NIL) --> 6 or 7 hundred buys & sells we had to wade through it was horrifying.
I made a long list of problems in the other thread from BGL on what is holding you back from migrating the rest of the fund.
In BGL over the last 15years just about every one of our funds was 90-100% auto coded prior importing the Bank Transactions, following that we’d import the broker buys and sells with auto disposals leaving bugger all to do other than DRPs, EOY Tax component, check the Dividends agreed with the income data with the provided Div checker report, Trial Balance for anomalies & unit balances, and setup manual valuations for properties and other non-ASX/APIR assets.
EOY Tax components is hilarious, in all my years of entering them in Desktop I never once had any rounding issues, yet SF360 seems to always have rounding issues. So what I guess is the answer to that but when I enter something I expect to reconcile exactly any non-reconciled amount rings alarm bells in my head - maybe I’ve keyed something wrong, 1 or 2 or 3 cents could be the net result of a larger error.
My key take away from SF360 is that it requires the user to have total fail in it. That is unlikely to happen for me any time soon, with some issues being explained away by support as ‘the back end was overloaded and thats why’ … it didn’t do this or that correctly.
We’ll be migrating the balance of our funds slowing.