A digital advice platform that suggests it can be used to attract, engage and retain clients – particularly aimed at super funds. Decimal say that Decimal is the only digital advice technology solution to have its offering independently assessed against ASIC’s RG255 – During 2017 Decimal is delivering a full ‘mobile first’ optimised advice experience allowing end-to-end advice delivery and implementation via smartphone. This capability already exists within Decimal but is being optimised to support mobile first content strategies and the latest responsive design practices.
End User | Advisers |
Advice Process Steps | Scope Goals Assessment SOA Implementation Review |
Benefits | Process efficiency Engagement Uplift Time saving Cost Reductions Compliance |
Cost per user per annum | $1000-$1999 |
Time saving per client | More than 3 hours per client |
Cost saving per client | $500-$1000 |
Integration | Open architecture so it can integrate with any software. Notably it has connections with XPlan, Midwinter, Adviser Logic, Advice Intelligence, Coin and CCUBE |
Website embedding | Yes |
White labelled | Yes |
System prerequisite | Requires internet access |
Single sign on | Yes |
Data storage | 100% cloud based hosted on Amazon Web Services infrastructure within AWS primary data centres in Australia |
Privacy standards | Australian Privacy Act with governance based on ISO 27001 |
Limits on use | No user or client restrictions |
Disaster recovery and business continuity plans | Yes |
AFSL approval | Current clients include industry, retail and government superannuation funds |