Client

For any financial adviser, the client is the most important element of the business & now, more than ever, the quality of data you hold on those clients is critical to the post RDR business you create. At the core is a full-featured, end-to-end client & policy administration system that can work off the shelf or be tailored to work how you run your business – with continued product investment to ensure your future requirements are met. Once data has been captured the true value is only realised with what you can achieve… using that data.

SSP Swift allows you to create your own workflow tracking, generate customised reports, import data from external sources, create marketing lists, send & record communications & much more. In short, it enables you to maintain the best possible relationship with your clients. Reducing ongoing service costs through electronic connectivity for Quotes, Valuations & Commission allows advisers to spend more time with clients whilst reducing back office costs.

Cash

From national networks to small adviser practices, cash flow is vital to the success of the business- especially in the current economic climate. Whether you’re a commission- based business moving to Fees or already Fee Based, the RDR Adviser Charging policy will mean changes to the way in which charges are recorded & reconciled. This will inevitably involve a period of transition with both legacy commission & new fee & credit models requiring administration.

SSP Swift’s cash components allow commission (Initial, Renewal & Trail) to be recorded & split according to your business model & automatically reconciled using Commission EDI. Fees can be recorded & invoiced at Client, Policy & Submission level providing full flexibility for different business models. In addition, SSP Swift fully supports notional Credit & target tracking.

Compliance

Financial Services in the UK is a heavily regulated industry &, while most of the regulation is justified, it does add an extra burden. It is therefore vital that the software you use makes being compliant, & evidencing that compliance, as simple & efficient as possible. SSP Swift provides pre-configured adaptable compliance workflow, risk- based case checking & integrated document management to help you meet regulatory requirements. With increasing fines being issued by the regulator, the pro-active early identification of potential risks will help limit your liability from the outset.