Wealth management reporting software tends to be a bit boxy. Many companies formulate a one size fits all that limits your ability to update information and customize it as you see fit. Traditionally, you must go through customer service and that takes days. ReportWa helps fix that by giving you the ability to update your wealth management reporting information as your progress.
With portals, PDF’s and dashboards, there can be some challenges you face if the data is not being pulled from a single source. Data and information may be needed from one or many places, and you also may need to update that information regularly.
Specifically, the data you pull traditionally comes from a core. This means you are pulling the same piece of information into multiple places, yet still, there may be inconsistencies. Adding to that challenge is once the data is pulled, you must assemble and reconcile the data to ensure accuracy is correct. This takes time and resources that could be deployed elsewhere.
Other challenges you may face include is the movement of data, which should be easy but isn’t always. When you move data it can be a breakpoint, meaning you’ll need to review it and once data is corrected it may still fail to pull into reports.
However, by switching over your data to a single source, your wealth management reporting software may be more efficient. First, there are no discrepancies in data as your information is being pulled from one place. On top of that, once you make a correction to information it is reflected everywhere, limiting the need to look elsewhere in your reports.
Furthermore, you can eradicate silos. As you can guess, ReportWa uses a single source of truth, meaning your data is being pulled from one spot. This gives you peace of mind knowing you can go to one core and see how your data is working. Also, if you need to change your data you can rest assured you won’t need to spend hours looking at other data sources.
ReportWa can help your wealth management firm gain an advantage in reporting and providing your clients with reliable portals. Information is shared securely and you can update reports without going through long customer service wait times. Look and see how ReportWa can be the right fit for your firm today.
For more details, visit us at www.reportwa.com. If at any point in your ReportWa journey you need help, just mail us at hello@hexaviewtech.com and we’ll get back to you within a few hours or In case you want to connect with me personally, let’s connect on LinkedIn.
