CRM software firm Plannr Technologies and investment platform Transact have partnered to offer advisers and financial planners a new income statement service.
The firms said the integration can reduce the time taken to reconcile income statements for financial planning practices in the UK. Their strategic partnership aims to “supercharge the efficiency of financial advisers”.
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When using the enhanced Transact API, income statements no longer need to be sourced through EDI or manually uploaded as CSVs. They can be taken directly into Plannr’s income reconciliation engine. This cuts the time it takes to process statements and reduces the chance of errors through manipulation of spreadsheets, the firms said.
The software runs four times a day and can supports multiple Transact accounts at once. It can create statements for onshore and offshore business and will attempt to automatically reconcile existing expectations with its transactions. The integration is available immediately to all subscribers.
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Plannr Technologies’ Gareth Thompson said: “We are ecstatic about this enhanced integration with Transact. This collaboration aligns perfectly with our mission to provide advisers with cutting-edge tools that enhance their productivity and improve client relationships.”
Jonathan Gunby, chief executive at Transact, added: “We are delighted that advisers using Plannr and Transact can now benefit from this slick and secure process that eliminates manual and time-consuming work. It has been a pleasure working with Plannr on this integration and we look forward to building further integrations in the future.”
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