It’s easy to talk about ‘going digital’ and visualise the benefits of digital advice tools – become better, faster, but it’s not as easy to make it happen.
“Embracing digital within your business can boost your profits by improving efficiency and leaving more time to both spend with clients and gain new ones”, says OMNIMax’s director, Jonathan Taylor. “Digital tools allow advisers to free up time to enable a higher client to adviser ratio and therefore a more efficiently run business.”
The year of 2020 saw many advice businesses being forced into digital ways due to COVID, Zoom meetings and digital signatures became the norm if you wanted to continue working. However, many businesses are finding moving into the digital space challenging.
When you talk to a software company, they talk about defining requirements and figuring out what you need, it can all become very overwhelming, very quickly and it all seems a bit definite. Software comes with a big price tag and then what if you don’t get it right?
“We’ve found a lot of our clients start out with one of our out of the box solutions, they’re quick to setup, very cost effective and web-based so you can work from anywhere.”
“As the advisers use the software they can determine the workflow that suits their business model and we then use the boxed solution as a template and modify to suit. The outcome is a custom workflow designed specifically for your business” Taylor explains.
The benefit of this way of working is as your business changes the solution can change with you.
“We also brand and customise the document outputs so they look like they would had you done them yourself in Word. The software also helps with compliance and record keeping, the step-by-step process guides your advisers through so every client is handled in the same way and the software records this.”
So, if dipping your toes in the water is more your style, an out of the box solution could be your first step in going digital.