CleverDocs,for,IFAs,Compliance technology CleverDocs for IFAs - Compliance, Relationship and Document
The electronic cigarette is not new. People who buy electronic cigarette knows that this product has been in the market for years now. Despite some sectors apparently trying to shoot the product down from the shelves, the popularity of elect Active shredder safety technology for the small office. Shreds 15sheets per pass into 5/32" x 1-1/2" cross-cut particles (Security Level3). Patented SafeSense® Technology stops shredding when hands touch thepaper opening. Designated shredde
Cost of compliance with new FSA regulations can now be reducedThe additional cost of compliance with the new FSA (Financial Services Authority) regulations for insurers can now be contained thanks to Accounting Products (www.accountingproducts.co.uk) enhanced customer relationship/document management software CleverDocs for IFAs. Accounting Products document management system CleverDocs for IFAs - has already substantially reduced operating costs for Denyer Insurance by streamlining many of the processes for compliance, sales, customer interaction and document management. Denyer, which pioneered commission-free life, critical illness, pensions and general insurance, sold via the internet, is the first IFA to incorporate the enhanced software. CleverDocs for IFAs helps ensure this by improving productivity across all aspects of an IFA business:ComplianceBusiness ManagementRelationship ManagementDocument ManagementIFA Intelligence ComplianceComprehensive client and policy registersFact find recordingTerms of business agreement statusLogged communications with providers and clientsBusiness ManagementFinancial Services and General InsuranceCommission statements can be retrieved by time and/or providersRenewal commission forecastingCommission tracking at IFA, insurer and even client levelReduced administrationGreater responsivenessBusiness IntelligenceRelationship ManagementClient policy history and status is available on-lineAuthorised agents have access to documentsAutomated communications with clients when policy status changesStandard letters can be created and sent automaticallyDocument ManagementAll communications scanned and accessible on lineDocuments can be filed against providers, clients and policiesDocuments can be filed against any number of clients and policies Thumbnail view of documents available for quick reference or Documents can be opened and printed, emailed or faxed from the screen IFA intelligence Comprehensive policy registerOne or multiple parties to a policyOne or multiple lives to assurePolicy extensionsKey dates available on policy records (Application, Acceptance , On-risk)Reasons (Letter, Objectives, Risk Attitude)Policy numbers (internal and provider)Status policy application with compliance/sales processAdvice and policy history available From 2005 the new FSA regulations will demand increased transparency and compliance auditability. Simon Hill, Managing Director of Denyer says while creating a new way of selling insurance, it became apparent that we also had to transact our business in a new way. The cost of dealing with paper has always been a key factor in operating a paper based business. The creation of CleverDocs has allowed us to automate many processes. From an initial interest on our website through to policy acceptance and follow-up we have been able to make the most of our key processes to become paperless and yet retain the feel, as far as clients are concerned, that we are looking after their needs in a traditional manner.CleverDocs was created on time, on budget and, after three years continuous operation, without a single failure. He continued after we implemented CleverDocs and went live, we were able to immediately transact more business and release staff to do more productive work. We also had one place for customer records, quotes, policy documents, e-mails, correspondence etc. With this system in place, everything became accessible at the touch of a button.EndsFor further information please contactSarah Seddon, Accounting Products Ltd, telephone: 020 7043 7108Email: [email protected] website: www.accountingproducts.co.ukSimon Hill, Managing Director, Denyer InsuranceWebsite: www.cleverdic.co.ukNote to editors: Accounting Products Ltd, founded in 2001, provides specialist and tailored software such as free software for GL, AP, AR, supply chain management, light manufacturing, warehouse management, call centre management, voicemail, voicemail to e-mail, remote worker support, CMS and VoIP. Accounting Products also offers document management systems, bank reconciliation, cash forecasting and control, as well as consulting. Clients include Axa, Mace, UPP and Denyer Insurance.
CleverDocs,for,IFAs,Compliance