Upgraded app helps advisers improve data accuracy, reduce administration and streamline reporting across systems
Transact has launched an enhanced version of its contributions and withdrawals integration with intelliflo, helping advisers keep records aligned between the two systems while reducing manual administration.
The new Transact C&W Sync app, developed in conjunction with Sprint Enterprise and powered by its Finio data hub, is the latest evolution of Transact's contributions and withdrawals integration with intelliflo. Building on the original app, which gave advisers greater visibility of differences between records held in Transact and intelliflo office, the upgraded version now allows users to review unmatched items and update intelliflo with contribution and withdrawal information directly from Transact.
The enhancement reflects the next planned stage in the app's development and addresses a common challenge for advice firms: keeping client records accurate across multiple technology platforms. Contributions and withdrawals data is used throughout adviser businesses for client reporting, performance reporting, cashflow planning, fee reconciliation and CRM management. When information differs between systems, firms can face additional administration, reporting challenges and reduced confidence in the quality of their data.
By reducing manual rekeying and making it easier to keep records aligned between systems, the app helps firms improve data quality, maintain more accurate client records and increase confidence in the information used for reporting, planning and client servicing. Better data can support a range of adviser activities, including fee reconciliation, client reporting, performance reporting, cashflow planning and day-to-day CRM management.
Importantly, advisers remain in complete control throughout the process. No records are updated automatically, and users decide which items should be updated, which should be ignored and when any changes are made. Transact remains the source of truth, while firms retain full oversight of updates made within intelliflo office.
Tom Dunbar, Chief Executive Officer of Transact, said:
"When we launched the original app, our intention was always to help advisers move beyond identifying differences between systems to making it easier to keep records aligned. This upgrade delivers that next step, helping firms maintain more accurate contribution and withdrawal records while remaining in complete control of the process.
Good data is essential to delivering good client outcomes, yet maintaining consistency across multiple systems can be time-consuming. By reducing manual administration and improving data accuracy, we're helping advisers spend more time focusing on their clients and less time managing processes. Ultimately, it is about making financial planning easier.
We'd encourage advisers to explore the new functionality and consider where more accurate and consistent contributions and withdrawals data could create efficiencies within their business, whether that's supporting client review documentation, client reporting, performance reporting or income reconciliation processes."
Nick Eatock, Chief Executive Officer of intelliflo, said:
Accurate and consistent data underpins effective financial planning. This enhanced integration gives advisers greater confidence in the information held across their systems while helping streamline important operational processes. We're pleased to see continued innovation that supports advisers in delivering better client experiences.
The launch forms part of Transact's broader integrations strategy, which aims to create a more connected adviser technology ecosystem by reducing friction between systems and improving the flow of data across adviser workflows. Recent developments have included integrations supporting account opening and fee reconciliation processes, with the enhanced C&W Sync app extending those capabilities further.
The Transact C&W Sync app will be available to install via the intelliflo store this month.
Editor notes: About intelliflo
intelliflo is the UK’s leading provider of financial advice software, empowering firms across the UK and Australia to streamline advice journeys, engage clients and grow their business. Our open architecture and deep industry expertise simplify a complex digital landscape, helping advisers deliver better outcomes with greater efficiency.
Today, intelliflo supports over 29,000 advice professionals, representing around £505 billion in assets under advice and serving more than 2.2 million clients. Together, we’re widening access to advice and powering the future of financial planning.
For further information please contact:
Tom Dunbar (Chief Executive Officer, Transact)
Andrew Cullen Jones (Chief Development Officer, Transact)