Platform Transact has partnered with adviser software provider Intelliflo to launch a new app to improve adviser efficiency.
The companies say the new app should make it easier for financial advisers to manage contributions and withdrawals.
This latest integration adds to previous tools which provide account opening and fee reconciliation and has been developed by wealth management fintech Sprint Enterprise, supported by its data hub FINIO.
Transact says the new app helps ensure that data stays consistent between Transact - where transactions are carried out - and Intelliflo office, the practice management system many advisers use for client reviews.
The app is designed to reduce manual work and improve accuracy when reconciling contributions and withdrawals.
Tom Dunbar, CEO, Transact, said: “This is another step forward for our integrations strategy designed to make Financial Planning easier. The app is currently available to a small number of firms and gives advisers a simple way to compare and reconcile data - without adding another layer of complexity. It doesn’t just highlight issues; it helps firms fix them.”
Nick Eatock – CEO , Intelliflo, said: “Good data is essential for accurate, compliant advice - but keeping contributions and withdrawals consistent across systems can be tough. That’s why we’re pleased to see this new app from Transact. It gives advisers a practical, integrated way to reconcile data within intelliflo office, helping improve client outcomes and making reviews smoother.”
“With this app, firms can spot mismatches in real time and take action before they cause problems in planning tools or compliance checks.”
Intelliflo, a cloud-based fintech, currently supports around 28,000 users in the UK and Australia.
Robin Bevan, CEO, Sprint Enterprise, said: “This app is all about clarity. It gives advisers a way to quickly identify and resolve data issues - saving time and reducing the risk of making decisions based on incomplete information.”
Sprint Enterprise Technology works with wealth management companies and provides the FINIO data hub and Fastrak reporting solution.
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