Transact and Plannr are set to launch a new integration aimed at making it faster and safer for advisers to open accounts and transfer client data.
The service uses Transact’s account opening application programming interface (API) and Plannr’s open API to help advisers avoid rekeying information, keep data secure and lower the risk for advisory businesses.
The integration allows advisers to generate illustrations and onboard clients directly from the customer relationship management (CRM) to the Transact platform more quickly.
The integration forms part of both firms’ plans to build a more joined-up ecosystem for advisers.
The solution is being rolled out to advisers this week and is available at no extra cost for those using both Transact and Plannr.
Tom Dunbar, CEO of Transact, said: “I’m so pleased to see the hard-work that has gone into developing our API capabilities starting to bear fruits for advisers.
“Our integration programme is designed to help advisers run more efficient businesses, with lower administration costs and reduced risk.
“Collaborating with Plannr is another exciting step towards making this strategic priority a reality, which will deliver tangible benefits for advisory firms.”
Gareth Thompson, chief technology architect of Plannr, said: “At Plannr, we believe your back-office software should serve as a single source of truth, the central hub from which all advice is delivered and executed.
“This latest release marks another step forward in our combined mission to deeply integrate advice tools and platforms within Plannr, ensuring data consistency and reducing the need for manual re-entry.
“We’re thrilled to be partnering with Transact on this development, it’s another stride toward greater adviser efficiency for our mutual clients.”
