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Choice Aggregation Services (Choice) has launched a new tool for its brokers to enable them to better manage cash flow and plan their long-term business strategy.
Podium Perform@, launched at the end of April, enables brokers to calculate future trail income as well as forecast the impact of increased loan volumes on their income for up to five years.
Choice CEO Brendan O’Donnell said long-term planning was pivotal to the success of any broker and Choice members would now be better equipped for the future.
According to Mr O’Donnell the new tool would be particularly helpful for brokers looking to build their team.
“While some brokers will be happy as sole operators there are others who plan to grow their business by taking on new loan writers and hiring back office staff.
“With the introduction of Podium Perform@ our members can now work out what loan volumes are needed to support hiring staff which will be invaluable in making informed decisions when building their businesses.”
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