IRESS has integrated with AI-powered PlannerPal, expanding the list of Xplan integrations offered to financial advisory clients.
The update is part of Iress’ ongoing effort to assist their advisory customers in increasing efficiency, lowering expenses, and taking responsibility of Consumer Duty requirements.
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Iress is a technology business that develops software for the financial services industry. It offers software and services related to trading and market data, financial advising, investment management, mortgages, superannuation, life and pensions, and data intelligence.
More than 10,000 enterprises and 500,000 individuals utilise the programme worldwide and they employ more than 1,900 people across Asia-Pacific, North America, Africa, the United Kingdom, and Europe.
Moreover, PlannerPal creates practical summaries, written follow-ups, and meeting transcripts using AI technology. By integrating PlannerPal with Xplan, advisory firms may more easily manage client interactions, retrieve client data fast, and create client emails and documents in the adviser’s distinct format and style.
The PlannerPal integration is the fifth to go live in 2024, joining Xplan’s extensive list of current integrations and data flows.
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By GlobalDataIress’ managing director, UK Wealth, Alex Hore, stated: “The team at PlannerPal share our view that technology should help advice firms work smarter and more efficiently. We know advisers spend too much time on administration and low-value tasks, and AI technology can change this.
“Adding PlannerPal to our list of Xplan integrations helps our advice clients do more of the work that matters, like delivering great, personalised advice and service while taking advantage of the benefits of technology. It also supports our strategy to be a better integrator and business partner.”
PlannerPal CEO and co-founder Mark Whitcroft added: “While AI technology has advanced rapidly, it’s crucial to have the right tools tailored to your specific role and need. PlannerPal empowers advisers and their teams to harness AI without disrupting established workflows. We are thrilled to collaborate with Iress to help advisers realise the immediate value of AI in daily advisory tasks. Our customers have already seen a doubling in the capacity of client interactions, showcasing the efficiency gains achievable with PlannerPal.”
