As a business grows and enters its next stage of development, it is typically seeking to enhance its business model through the use of integrated financial planning software. The sort of areas where companies should be seeking the software to add value include:
- Making more effective use of client management and Paraplanning staff, freeing up the advisers up to spend more time with clients;
- Generating compliant, personalised Statements of Advice from integrated templates and standard texts, rather than cutting & pasting from previous SoAs;
- Provide a higher level of service to less profitable clients than would be possible in a purely manual environment; and
- Introducing workflow and task management to provide consistency and a level of automation to repetitive tasks.
In Paragem's experience the choice of software is not so much to do with which product provides the most sophisticated technical modelling capabilities (which will necessarily change over time) but rather which product fits best with your preferred business model and modus operandi and who will give you the best support moving forward.
Paragem Dealer Services provides access to the industry leading Xplan financial planning software. Paragem can provide a comprehensive suite of business process and document templates and can customise the software to suit your business needs.
Xplan financial planning software suite
- Client Focus (fact find, plan construction, client relationship management, workflow, campaign management, diary management)
- Xtools (modelling, scenario-based projections, illustrative charts)
- Xtools+ (cash flow, asset & liability and multiple entity modelling)
- Investment Portfolio System (portfolio management, market data, unit price and transactional data feeds, client reporting including full CGT reporting)
- Insurance Quotation Module Plus (incorporating the ProPlanner Risk Researcher software, allowing you to research, compare and recommend risk products).
- Client Online Access (online fact find and portfolio reporting for clients)
Paragem's "Model Office" for Xplan provides a comprehensive suite of pre-configured advice document templates, "wizards", strategy texts and practice management processes ("threads") to enable you to reap the benefits of the Xplan software suite as quickly as possible.
- Reduce the time taken to implement the software
- Reduce the amount of re-work required as your understanding of the software's capabilities and your requirements evolve
- Minimise the impact to your business
- Maximise the return from your investment
