Intelliflo has extended the scope of intelliflo office to enable advisers to better serve their clients, the technology provider says.
The new scope includes cashflow modelling and planning capabilities within its core intelliflo office system without the need for additional licencing, enabling customers to show their clients real time, visual cashflow charts and data.
All intelliflo customers will have full access to these tools as part of their intelliflo package, removing the need for them to buy additional external cashflow and planning software, the firm said.
Nick Eatock, CEO of Intelliflo (pictured), called the development a “game changer” for its customers.
He said: “This demonstrates our commitment to our mission: widening access to financial advice by providing market leading, intuitive solutions for advisory businesses through our open architecture. We want to support our customers on their journey to be more efficient and make the complex simple for their clients, and this is an important step.”
Ian McKenna, founder of the Financial Technology Research Centre said Intelliflo’s announcement would pose a significant challenge to other, smaller technology suppliers.
He said: “Intelliflo has been at the heart of the adoption of open APIs when integrating different adviser systems. Their Intelliflo store provides no fewer than 82 third-party systems that can be accessed in this way. Not all are affected by this move but it is an obvious indication of the future direction of travel.
“From an adviser perspective this must be good news – they have the opportunity to pay one licence fee rather than two or three, but it may impact the viability of some of the smaller stand-alone technology providers in the long run.”
