The Exchange says it has reached an agreement with Quay Software to integrate its quotation and new business services with quay business suite, Quay Software's front and back-office administration system for financial intermediaries.
The 3,000 intermediaries using quay business suite will be able to transfer client data electronically from their back-office into Exweb's quote services and then into electronic application forms, removing the need to re-enter data and greatly reducing administrative processes.
Roland Rawicz-Szczerbo, sales and marketing director of Quay Software, says: “Integrating with Exweb is an important step in the development of quay business suite. The Exchange's quotation and new business services lead the market and clients can now benefit from automatic transfer of their client details directly into these services.”
David Child, chief operating officer at The Exchange, says: “By working with Quay Software The Exchange can further automate the sales process for IFAs by removing some of the administrative tasks that are currently involved such as entering client details more than once.”