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Microsoft-based platform updates software

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Staff Reporter 5 minute read

FinPal has launched a new version of its financial planning software to incorporate integrations with Moneysoft and Investfit, new data feeds and a revamped client portal.

In a statement, FinPal chief executive Stephen Handley said that many advisers voice dissatisfaction with their current software provider.

“Since launching FinPal, I’ve talked to hundreds of advice businesses and not one has been satisfied with their current software,” Mr Handley said.

“However, there’s a genuine concern about business disruption caused by change. Data migration is not as difficult as many believe. In the near future, our system will automate the data migration process, allowing advisers to move quickly and with minimal disruption.”


The comments come as the fintech provider releases its 2.0 version, which features an updated client portal with fact find and goals tracking, insurance data feeds, a document template system and the results of integrations with Moneysoft and Investfit.

Mr Handley said that the enhancements would allow the company to reach a broader range of financial advisers.

“Over the past 12 months, we’ve been very much focused on early-adopter customers, whose primary objective has been to start taking advantage of the data management and business efficiency improvements a real CRM system deliver[s],” the CEO said.

“This release will broaden the appeal and also simplifies the onboarding process so we can scale to a larger number of customers more quickly.”

Late last year, Mr Handley said that FinPal was also looking to bridge the data gap between financial planners and mortgage brokers. The incorporation of broker-friendly software, he said, is a natural progression for the business.


“There has always been significant overlap between the worlds of financial advice and mortgage broking,” the CEO said.

“Building a capable software system is all about the data. Because data required for advisers and brokers is almost identical, it is relatively easy for us to add support for the lending industry.

“The initial release will focus on automated workflows and support for mortgage commissions. Data specific to the mortgage industry will also flow through to existing features like our client portal and document generation system.”

[Related: Microsoft-based platform targets brokers]

Microsoft-based platform updates software
software digital ta
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James Mitchell

James Mitchell

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.



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