Hipster
Platinum Contributor
Joined: 15-Oct-02
Location: United Kingdom
Posts: 830
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| Posted: 10-Oct-09 at 12:06 | IP Logged
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this is news is a few weeks old but still very interesting. Focus is looking like a strong buy to me No advice also MWB worth a look
Focus enables post RDR remuneration through new focus:360° module
release date: 28/09/2009
Focus Solutions, the leading provider of multi-channel distribution solutions to the financial services industry, is pleased to announce the launch of a new Remuneration Management module for focus:360° which enables post Retail Distribution Review (RDR) remuneration.
Through the new Remuneration Management module, adviser firms using focus:360° will be able to devise and operate a full range of consumer agreed charging models from a single platform that supports the entirety of their business. The new module joins the existing ‘Point of Sale’, ‘CRM’, ‘Back Office Processing’, ‘Sales Activity Management’ and ‘Training & Competence’ components and completes an important element of the focus:360° solution.
Commenting on this significant milestone in the development of focus:360°, Dave Upton, Product Director at Focus Solutions said: “Through focus:360° and the new Remuneration Management module, adviser firms can avoid the expensive and time consuming task of integrating disparate systems whilst at the same time meeting the RDR requirement to reconsider the way in which they charge customers.
“It has always been the vision of Focus to create an integrated suite of modules, running on a single platform, that can power and enable the adviser business of the future and this new module has helped us achieve this.”
The Remuneration Management module will give adviser firms the freedom to decide how best to match their fees to the services they offer whilst being confident that the solution will support the various decisions they make. The component provides the complete functionality offered by traditional ‘Back Office’ systems as well as enabling fee agreements to be set up, fees to be calculated and recorded, invoices to be produced and issued as well as payments to be received and reconciled.
The Remuneration Management module has already been delivered to its’ first customer, the Private Banking division of one of the world’s leading global banks, and is scheduled to be fully operational in November 2009.
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Fillyaboots Forums : General Trading
Topic: Focus Solutions worth a look
