Total partner with Paragem.
Financial planning firm, Total Financial Solutions has outsourced its back office service requirements to Paragem Partners.
All dealer functions are covered under the terms of the deal, which will enable the Total Financial executive and general management to continue to manage the dealer’s service relationships with their practices, while using Paragem expertise.
Total Financial Solutions chief executive officer Phil Aris said despite the deal, the group will retain its tried and tested policies, but moving forward would utilize Paragem’s expertise and services.
Aris said the deal will enable Total to free up and maintain executive focus on strategic initiatives and see the creation of value at practice and dealer level.
“The industry’s growth, ongoing consolidation and future outlook meant that dealers needed to move in line with industry best practice on service and cost,” he said.
“The cost of many back office functions detracts from value creation and it is critical that scale is achieved in the current market.”
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