Fintech FE fundinfo has launched an integration link between its cashflow modelling software Cashcalc and its investment stats service FE Analytics.
The company say the integration should save Financial Planners hours of time in having to shift data from one service to the other.
The integration means that those planners that have a licence for both FE CashCalc and FE Analytics will be able to avoid the need to move between multiple systems when carrying out investment research and cashflow planning.
Users will be able to generate an FE Analytics Medium Scan from within FE CashCalc and export a portfolio from FE CashCalc into FE Analytics.
They can also download FE Analytics factsheets, KIID Documents, Provider Factsheets, and Adviser Factsheets from within FE CashCalc.
The new link follows developments made in 2022 that gave users the ability to import a plan’s latest valuation and holdings data into FE CashCalc. That upgrade meant advisers can store fund data, fund values and fund codes within their FE CashCalc accounts.
FE says the integrations will also help advisers with the new Consumer Duty rules and regulations from 31 July.
The new rules will set higher and clearer standards of consumer protection across financial services. FE says the changes it is making will help firms evidence they have met the Consumer Duty requirements.
Earlier this year, FE found – as part of its adviser survey – that 90% of financial advisers believe integrations between software providers were important to their Financial Planning process. Despite this, according to data from FE CashCalc, only 28% of financial advisers currently have an active integration between their FE CashCalc account and back-office system.
Stephen Mitchell, head of adviser product strategy at FE fundinfo, said: “The integration of two of our key products – FE CashCalc and FE Analytics – has been a high priority for us and its great news that we are now seeing the fruition of the many hours of hard work that have taken place behind-the-scenes.
“Integrating technology has typically topped the wish list of many financial adviser surveys in recent years, so this can really help streamline the process that financial advisers have to go through and make it a more efficient way of working.”
