Harnessing technology and data analytics to make more informed and strategic decisions is now a must for every financial planning practice. From managing cash flows and compliance to auditing advisers, today’s businesses need timely information that helps them make important decisions.
As companies look to cut costs, improve operations and possibly set up their own AFSL, many are turning to future-ready Fintech software to increase efficiency. Another factor is due to ASIC becoming more intrusive with granular supervision and demands on access to client data, having all of your client information readily accessible and reportable is a must.
What does it look like when a licensee’s data and analytics are powerful enough to reach beyond driving the business strategy and priorities into accelerating transformation? With secure cloud-based financial software that is future-proof and offers operations compliance, licensees using products with tailored AFSL solutions can now see a clear path forward where others see obstacles.
FinTech providers need to provide AFSL solutions which deliver automation for both revenue and adviser management, including a full range of advisory solutions to help with analytics and the development, deployment and maintenance of models used for risk management, valuation and financial/regulatory reporting purposes.
Comprehensive Dashboard analytics allows licensees to focus more on data analysis and compliance management. Dashboards are an analytical tool used to visualize big data in an understandable way. They give you a comprehensive overview from a whole licensee to an individual advice practice, process or project in relation to achieving specific objectives that are measured by Key Performance Indicators (KPIs).
AdviserLogic’s CEO, Daniel Gara understands these needs and believes, “FinTech providers need to provide easy and immediate access to actionable analytics”.
AdviserLogic’s AFSL Dashboard solutions provide the following benefits:
- Authorised Representative KPI reporting on Sales, Prospect Conversion, Advice Production and Compliance
- A visual presentation of performance measures
- Ability to identify and correct negative trends
- Measure efficiencies/inefficiencies
- Ability to generate detailed reports showing new trends
- Ability to make more informed decisions based on collected business intelligence
- Align strategies and organizational goals
- Save time compared to running multiple reports
- Gain total visibility of all systems instantly
- Quick identification of data outliers and correlations
Do you want to find out more about how data intelligence can help your advisory business flourish? Are you an AFS licensee who wants a greater understanding of your data and to provide better results for your clients? Browse our range of financial advisory software products or contact AdviserLogic today to see how we can help you.
Want to know more about AdviserLogic and our AFSL solutions or arrange a demo?