Financial advice client engagement software provider AstuteWheel has successfully integrated with Iress’ financial planning software Xplan.
Hans Egger, AstuteWheel managing director, said they decided to integrate with Xplan following requests from mutual clients.
“Responses to a question on our own survey of advisers who use AstuteWheel and Xplan revealed that over 80% wanted the integration,” Egger said.
The integration used Roar Software, an integration gateway platform for financial services businesses.
Fact find and reverse fact find data collected via AstuteWheel’s online questionnaires gets exported through Roar to populate Xplan.
Clients that were already setup in Xplan could be exported to AstuteWheel ready for reviews.
“The integration eliminates the double-handling of data, thereby saving time and reducing the margin for human error,” Egger said.
“It also allows advisers to use all of AstuteWheel’s tools and calculators live with the client quickly and easily, leading to greater practice efficiencies and cost savings.”
The firm estimated the integration saved advisers between 60 and 90 minutes in onboarding a new client into Xplan and about 40 to 60 minutes in executing reviews for existing clients, each time the adviser conducted a review.
