Fincast continue to enhance their system through new features and functions. For example, earlier this year they deployed a flexible report builder that is easy to use to create bespoke SOA templates that are automatically populated. Enhancements to their services are guided by user feedback, ensuring they are practical and address their clients’ needs.

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End User Consumers and Advisers
Advice Process Steps Scoping of advice
Goal identification
Assessing finances
SOA preparation
Benefits Process efficiency
Engagement uplift
Time saving
Cost to serve reductions
Compliance benefit
Cost per user per annum Dependant on how the client and how they wish to use the system.
Time saving per client More than 3 hours per client
Cost saving per client Using the system, Advisers can see significantly increase the number of clients they see.
Integration Fincast uses API technology meaning it can easily integrate with adviser’s systems. For example, we have already completed integrations with a number of platforms including Netwealth.
Website embedding Yes
White labelled Yes
System prerequisite No
Single sign on Yes
Data storage Client data is stored in the application which is Cloud Based on AWS. Each client has their own secure version of the system and cannot access other’s data.
Privacy standards Australian Privacy Principles (APPs) as set out in the Privacy Act 1988 (Cth)
Limits on use No
Disaster recovery and business continuity plans Yes
AFSL approval We are currently working with approximately 30 AFSLs. We have also worked with a major financial institution offshore.