Transact has announced a new integration with intelliflo aimed at reducing manual data entry and improving operational efficiency for financial advisers.
The development allows client data from intelliflo’s practice management software to be transferred directly into the Transact platform, simplifying the process of generating illustrations and opening wrappers.
The integration, which is free to users of both services, relies on a browser extension to extract and migrate data from intelliflo office. By eliminating the need to rekey information, the system enhances both speed and accuracy while maintaining data integrity across platforms.
The new app, ZeroKey for Platforms, is now available from the intelliflo store to all users at no cost.
Tom Dunbar, chief executive of Transact, said the collaboration underscores the company’s ongoing commitment to delivering technology that makes financial planning easier for advisers and their clients.
“Our goal is to extend access to these technological advancements as widely as possible,” he said.
“This development marks a significant milestone in our ongoing efforts to deliver Transact illustrations and applications more efficiently.”
Nick Eatock, chief executive of intelliflo, highlighted the substantial potential for efficiency gains, given that more than half of Transact’s assets are advised upon by intelliflo users.
“Our customers continually tell us that continued improvements in operational efficiency is their number one goal, this collaboration is designed to support that aim,” he said.
The move further cements Transact’s position as a leading UK platform provider, with over £65bn in funds under direction.
The partnership also bolsters intelliflo’s reach among UK financial advisers, where it currently supports approximately 2,500 firms and 28,000 users.
