The age old problem – all hands on deck. In the wealth management business financial planners inevitably have to deal with a lot of paper and many forms. Each year numerous policies need to be renewed and clients must return forms to confirm renewals. These same forms must then be scanned and the renewal approvals manually logged in databases. Not only is this system incredibly labour intensive, it also has significant scope for human error. A better way – XPLAN Connector. Our XPLAN Connector solution automates this entire process and securely processes all the necessary data in the cloud. The user simply scans the completed renewal notice from their client or receives them via email. The XPLAN connector collates all the scans and emails, ‘viewing’ each form (through OCR and OMR technology) to determine which boxes have been ticked and if the client has signed the forms where required. The software then can automate the preparation of the suitable client confirmation correspondence (e.g. ‘sorry to see you leave us’ or ‘thank you for your renewal’ letters) and then provide formal confirmation of compliance for each client for any possible audit purposes. Our XPLAN solution can work from any scanning device (meaning you are not locked in to any single vendor for hardware or integrated platforms) and costs are simply based on the quantity of forms you put through the process. We are also the first “cloud” agnostic partner approved to license a client into the XPLAN cloud.
Feel free to email us to provide some feedback or for any support.
info@umlautit.com.au