The companies say the move should cut the need to manually re-key information between the two systems.
Both also says that the two-way data integration is the “first step” towards a closer relationship between the companies with further announcements due shortly.
The two-way integration between CashCalc and Hubwise should help improve Financial Planner efficiency, CashCalc says.
Chartered Financial Planner Ray Adams, director of CashCalc, said: “The soon to be developed integration with Hubwise is another step towards ensuring our users have access to all the great tools they wish to use within their Financial Planning process.
“It is another ‘exit off the CashCalc roundabout’ which not only helps advisers minimise the need to re-key information and improve efficiencies but enables them to adopt a best of breed approach regarding which software provider they wish to use during their clients’ Financial Planning journey.”
Angus Macdonald, chief executive of Hubwise, said: “The practice of re-keying client data between the cashflow modelling tool and the investment platform is all too commonplace and places a significant and unnecessary constraint on investment firms.
“Hubwise and CashCalc share the same vision to use our own technology as an enabler and, through our real-time and bi-directional integration, to continue making life simpler for our customers.”
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