Transact launches new integration with Plannr

Adviser platform Transact has launched a new integration with fintech Plannr which the two firms claim should speed up the account opening process.

The firms said the tie-up will save time and reduce risk for advisers.

Manual data entry and the associated risk of error when handling client data can be a headache for advisers, the two firms said, adding that the partnership should reduce rekeying, while maintaining data integrity, providing security, and reducing risk for advisory firms.

The new integration connects Transact’s UK platform and Plannr’s CRM software to streamline the process of opening wrappers on Transact, through the seamless transfer of client data.

The collaboration will make it quicker to generate an illustration or onboard a client from the CRM to the Transact platform. System integration is part of both Plannr and Transact’s strategies to create a fully integrated adviser ecosystem.

The solution is free to advisers who use Transact and Plannr. Advisers who use Plannr can find out more details about the collaboration by visiting their community page.

Tom Dunbar, CEO of Transact, said: “Our integration programme is designed to help advisers run more efficient businesses, with lower administration costs and reduced risk. Collaborating with Plannr is another step towards making this strategic priority a reality, which will deliver tangible benefits for advisory firms.”

Gareth Thompson, CTA of Plannr, said: “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.”

In May Plannr launched an integration with AI platform for financial advisers Advisory AI.

Last month Transact partnered with fintech and back office provider Intellifo to launch a data transfer application which it claimed would help reduce rekeying, save advisers time and maintain data integrity.