St George-backed dealer group Securitor has rolled out its new business management software, Business Torque, to almost 40 of its member firms.
The software was tested earlier this year in a pilot phase but has now been officially released.
“We’ve completed our grow module,” Securitor head Neil Younger said.
“It’s gone past the pilot stage and is with our business development consultants. We’re starting a program with a number of advisers using the grow segment of the program.”
Younger said as well as its grow component, the software is made up of four other components: establish, extend, exit and maintenance.
“We see it as fitting hand-in-hand with AdviserNetgain as our technology tool into advisers’ businesses,” he said.
“The combination of the two will allow them to manage the cost basis of their practice and become more efficient to maximise their time spent on revenue generating activities.”
He said the pilot program also enabled the group to tweak Business Torque before its official unveiling.
“Certainly during the pilot program there were things that we adjusted regarding what Business Torque is about and what it can be used for in terms of guiding financial advisers,” he said.
Business Torque is being used by 35 Securitor businesses, with another 30 to 35 groups set to sign up to the software over the next 12 months.
Younger said the next stage for Business Torque was the roll out of an online version in 2008.
