Emx will be able to deliver a fully automated valuation, reconciliation and settlement solution by t...
Emx will be able to deliver a fully automated valuation, reconciliation and settlement solution by the end of the first quarter next year, writes James Phillipps.
Phil Wise, acting chief executive of Emxco, said intermediaries will no longer have to key in requests for clients' valuations each quarter. They will only have to enter a client's details once, requesting valuations be sent on a monthly or quarterly basis, thereby streamlining the process.
Intermediaries will also be able to print valuations on their own branded paper for the first time, enabling them to post them to clients straight away, he said.
Reconciliation within the system will also be simplified. Discretionary intermediaries will be able to receive regular transaction records in a spreadsheet format, enabling them to pinpoint discrepancies more quickly.
To help intermediaries implement the Emx platform, Emxco is discussing with a number of leading IT consultancies a deal allowing advisers access to leading information technology consultants at discount rates.
Wise said this will enable intermediaries and fund groups to implement the system more quickly and efficiently. The initiative is likely to be implemented this summer.
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