finPOWER Connect Overview
finPOWER Connect is the exciting new software system designed specifically for the demanding finance industry. Key features of the new system are:
When a client contacts you for whatever reason, you need to make sure you have all their information at your finger tips. finPOWER Connect has a comprehensive client file that easily and clearly lays out everything you need to know about your client. This includes all their contact details, photos, their relationships including other family members, their Advisors such as their Accountant and Banker, easy access to all their Accounts and security items and all their transactions.
If this isn’t enough, a Client Summary Screen can be customised to meet your specific informational requirements.
Flexibility and Functionality
Whether you are looking to configure a unique lending product, a unique business model or a more conventional system, finPOWER Connect can assist you. There are numerous options that allow you to expand or contract the data set captured, alter the look and feel of Accounts and Clients, define your own fields and much more. Shown below are some of the options for entering a new Account.
Advanced Credit Control
Lending funds is easy – making sure it gets repaid on time, every time, takes your skill and a great system. finPOWER Connect has the ability to be customised to your specific credit collection processes and its functions range from the generation of SMS payment reminders to a full featured workflow engine.
You do not exist in the finance world alone. Daily, you will directly interface with third party information providers such as Credit Reference Agencies, Banks and Security Registers. finPOWER Connect has a wide array of interfaces to these third parties that allow information to be exchanged electronically – cheaper, more accurately and much faster than any manual process!
Whether you are in Australia and need to comply with the NCCPA or New Zealand and need to comply with the CCCFA, finPOWER Connect can assist you. All accounts can be configured to ensure only complying details are entered and finPOWER Connect can also assist in producing compliant Disclosure Statements and other documentation.
Audit and Control
Essential in any credible system is knowing what happened, when and by whom. Having an audit trail is not only necessary for accuracy and internal control, it is also a key management tool. finPOWER Connect prides itself on logging a host of activities that can occur in the system and stamping each transaction with Date, Time and User details. It also provides a full audit trail of interest calculations and methods.
All menu options and functions within finPOWER Connect can be controlled on a per User basis. This allows individual Users and groups of Users to have restricted functionality within the system and allows you to control the access your staff have to different parts of the system.
Industry Standard Architecture
finPOWER Connect is developed using the latest development tools and using industry standard architecture. This benefits you going forward knowing that your system will be relevant for years to come, and you will not be left with a out of date or unsupported system. finPOWER Connect can utilise a number of different database platforms meaning it can most likely fit within your existing IT infrastructure without the need for expensive new database licenses.
Exposed Business Layer
As part of the architecture of finPOWER Connect, the Business Layer provides a gateway to the database for third party and internal application to access the data in a controlled and managed manner. This can include Websites, custom Loan application systems or even you own inhouse developed reporting toolkit – all can access your important data while maintaining the safety and integrity of your database.