Nick Eatock

intelliflo, the global cloud-based technology solution for financial advisers, has released a dedicated fee consent screen to give advisers enhanced oversight and fee tracking abilities, while further showcasing its commitment to developing solutions that meet evolving regulatory changes in the Australian advice market.

The dedicated fee consent screen gives intelliflo office users a new, streamlined way of managing ongoing fee arrangement (OFA) renewals and consents with their client book, significantly reducing advisers’ administrative time spent chasing documentation.

The launch follows the release of two other dedicated templates – ongoing fee arrangement (OFA) and ongoing fee arrangement (OFA) renewal – which were added to the intelliflo office base account earlier this year.

Collectively, these enhancements recognise advisers are seeking streamlined paperwork following tranche one changes from the Delivering Better Financial Advice Outcomes (DBFO) legislation. The updated legislation removes the need for advisers to provide ongoing fee arrangement statements as part of an OFA arrangement.

Nick Eatock, CEO and co-founder of intelliflo, said intelliflo has closely watched the Quality of Advice Review and subsequent DBFO and has proactively adapted its solutions in line with both changing legislation and advisers’ evolving needs.

“Well before the legislation was finalised, intelliflo was workshopping how it could implement new solutions that meet advisers’ expectations for simplified, time-saving and flexible options to help serve their clients – a big theme from the Quality of Advice Review,” he said.

“We will have further exciting news on this front as future changes are introduced,” Eatock added.

Stu Alsop, Director of Sales at intelliflo Australia, said the cloud-based technology solution is committed to making advisers’ lives easier.

“The Delivering Better Financial Outcomes reforms are progressively being rolled out, with a number of the changes likely to affect how advisers operate day-to-day. intelliflo has been working behind the scenes, responding to legislative change and using the best of new technology to come up with updates and enhancements that further simplify how advisers manage their processes. The dedicated fee consent screen is just one example,” Alsop added.

intelliflo’s principal product offering, intelliflo office, is an industry-leading business management system designed for financial advice firms of all sizes. It streamlines the entire advice process, giving advisers valuable time back to focus on building better outcomes and client relationships.

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Stuart Alsop

intelliflo, the global cloud-based technology solution for financial advisers, has released three new business intelligence dashboards into live beta with customers to further enhance data and performance oversight at a time of profession-wide M&A activity.

The comprehensive income provider analysis and income received dashboards allow advisers to quickly zoom in on several income-related metrics, including year-on-year performance, income by client and product and ongoing revenue. The task dashboard gives practices the ability to track workflows to improve efficiency and on-time delivery.

The new BI dashboards – powered by Amazon Quicksight – give advisers an instrument to monitor their business performance in real-time, with rich insights including where future revenue is likely to come from and where growth or consolidation opportunities lie.

The latest additions are part of a series of dashboards slated to be rolled out in the intelliflo office suite this year, demonstrating intelliflo’s continual commitment to customer-focused innovation.

Stu Alsop, Director of Sales at intelliflo Australia, said the release is timely given merger and acquisition (M&A) activity is gathering pace as we approach the end of the financial year.

“We know our customers are seeking a seamless overview of their business performance and our new income dashboards provide that at the touch of a button, which will be key for practices looking for growth or investment,” he said.

intelliflo’s principal product offering, intelliflo office, is an industry-leading business management system designed for financial advice firms of all sizes. It streamlines the entire advice process, giving advisers valuable time back to focus on building better outcomes and client relationships.

The post intelliflo launches new dashboards to improve data readiness, practice experience appeared first on AdviserVoice.