1st, a Vertex company, unveiled a range of software and e-commerce services to be launched over the next 12 months at its annual conference.
The first is Adviser Evolution a smart client application, developed using Microsofts .Net technology. The system is being piloted by five intermediary firms, including Yorkshire Investment Group with a controlled launch ear marked for Q4 2006.
The second is e-commissions which is to provide automated electronic commission reconciliation functions on Adviser Office
The third is Valuation Centre, which combines all of the existing valuation links (more than 25 now available) to assist in the automation of client reporting and further accelerate the take up of e-business.
And finally, Adviser Office 5.0, which includes a two-way integration with Adviser Evolution and e-commissions
The annual conference was attended by over 500 adviser firms, with 1st chairman Rory Curran, explaining that 1st’s strategy remains committed to developing technology for the professional financial adviser market.
Joining forces with The Exchange he says had enabled both organisations to offer a unique proposition to a market that needs to improve efficiency through straight-through processing.
Mik Cons, managing director of 1st, says: We are committed to producing technology for professional financial advisers and the additional support and partnership we now have with The Exchange is a major stepping stone towards this goal.”
Over the past year we have focused efforts on developing our new Adviser Evolution product and ensuring it is rigorously tested by real intermediary firms as part of their business process before rolling out a final product.
“We have also invested heavily in e-business to increase efficiency and reduce costs, with the development of a new e-commissions service and the Valuation Centre. With all the tools in place, we will now concentrate on encouraging users to start processing new business electronically through the new two-way link between ExWeb and Adviser Office.
“This is being done with the support of our ‘Clients First’ initiative which gives users hands on consultancy to help them integrate technology within their own business process.
David Child, managing director of The Exchange, who is also speaking at the conference says: Following the acquisition of 1st we have already completed the product integration work ahead of schedule, with some excellent user feedback.
“Over the coming months we have many new and exciting plans to extend and improve the functionality of Exweb, including the launch of a dedicated general insurance service and the migration to a completely thin-client solution, removing the need for users to have any additional software.
“For intermediaries using Adviser Office and Exweb, this will bring significant enhanced value, providing them with the industrys most comprehensive and integrated solution available today.