Paperless Wealth Management - Close More Business in Less Time
Posted by Melanie Aizer on Thu, Jan 20, 2011 @ 10:59 AM
The wealth management industry deals with too much paperwork and all of the inherent problems that go along with it.
Consider the case of a new account opening. Currently, the on-boarding process from initiation to completion is a complex labyrinth of expensive, manual processes, taking days or weeks to finalize, often requiring scanning or re-keying information into multiple internal and external back-office systems. This not only results in a poor customer experience, but also adversely impacts operating margins;
• Financial Advisors spend time chasing paperwork that would be better allocated to driving sales
• Administration labor time is wasted with error-checking, correcting, keying and scanning information into internal or partner back-office systems
• Expensive mail and courier costs are racked up
Agreement Express can make new account openings, account maintenance or any other paper-based approval processes fully automated.
Agreement Express facilitates legally binding, IIROC and FINTRAC compliant document transactions in many common cases, such as:
- New account openings and account maintenance
- Loans and credit application processing
- Insurance sales
- HR on-boarding
- Contracts for customers and suppliers
- Project management
- Change-capturing requests
- Internal approval demands
- Audits, compliance and financial control processes
DOWNLOAD THIS COMPLIMENTARY SOLUTION BRIEF TODAY and discover:
The Top 5 Ways Contract Management Software Improves Operating Margins for Wealth Management Firms:
- Open accounts much faster to dramatically improve time-to-revenue
- Implement web-based, compliant, new account openings
- Easily manage KYC paperwork
- Enforce quality at the document source
- Minimize data entry and QA resources
- Improve operations across the entire chain
- Future-proof the process by using a flexible, adaptable service that is always up-to-date
- Clearly understand the costs involved in setting up new accounts
DOWNLOAD WEALTH MANAGEMENT SOLUTION BRIEF HERE
