Defaqto has improved suitability letters within its Aequos Engage software by incorporating a new type of document software.
The ATEB Suitability software is a special version of document creation software Intelledox.
Defaqto says the suitability report templates it can now issue have proved “extremely robust” in compliance terms. It says when used in conjunction with Intelledox they virtually eliminate the possibility of error.
ATEB director Huw Reynolds says: “The industry has been crying out for this type of software for years. Existing report generators are all well and good, but there is too much reliance on user input and hence error rates are high. Intelledox virtually eliminates errors by forcing the user through a simple ‘wizard’ type interface. Letters are produced more quickly and the work can be delegated. The result is a quality end product every time. As suitability reports are an essential risk management tool, this software provides a significant advance.”
Alan Kerr Financial Services principal Alan F Kerr says: “When Defaqto asked me to take part in the pilot scheme using ATEB Suitability within Aequos Engage I was sceptical about the claims being made for the Report Writer. However, having used the system, I am thoroughly impressed by how professional the output is and how easy it is to use.”
Granite Financial Management director Ian Osborne says: “It’s good to see Defaqto listening to feedback from its customers and using this in its product development. The new functionality enhances the product and shows its commitment to supporting advisers through the research and sales process.”