Business efficiency will improve due to enhancements to the document ordering process and adviser accuracy, following Topdocs' announcement that the company has integrated its document automation system with IRESS planning software XPLAN.
Topdocs said the move will enable advisers to purchase, access, complete and store electronic self-managed superannuation fund, company trust and pension documents in one system.
In addition, it will enable documents to be pre-populated with client information stored in XPLAN's client management module, eliminating burdensome data entry as well as enhancing compliance requirements.
The integration is available in Version 2.3 of XPLAN and upward.
Topdocs' decision to upgrade its document automation system with XPLAN was driven by a desire to cut the administrative burden of ordering and completing documents for financial advisers, Topdocs managing director Jake Spakman said.
"Financial planners can now order their documents from within XPLAN, saving up to 20 minutes each time by not having to rekey client data," he said.
Lonsdale Financial Group will be the first dealer group to roll out the integrated system to its network of more than 300 advisers early next year.
"The Topdocs/XPLAN systems' integration ... will result in significant benefits in terms of improved accuracy and less time spent on administration," Lonsdale chief executive Mark Stephen said.
