Outsourcing has become an increasingly popular solution to the increasing cost of delivering advice and servicing clients. While outsourcing provides a cost reduction for financial planning business, it does not provide a time reduction. By implementing outsourcing alone, financial planners/licensees are passing the time to complete compliance documents onto someone else. While significant cost savings have been created, there’s been no further efficiencies created.
In Asendium’s first step towards creating a holistic network of resources for financial planners, Asendium is proud to partner with international business process outsourcing company, Valenta BPO, who have proven to save up to 60% in costs for financial planners around the world.
Founded in 2019, Asendium is an automated compliance document generation system for financial planners that reduces the time to complete documents. By automating the non-impactful parts of compliance documents, while still leaving the client conversations and rationale free for financial planners to input.
Asendium’s intuitive and customisable system has proven to increase the efficiencies for financial planners and their teams by up to 90%, meaning financial planners can now generate File Notes in under 10 minutes. Asendium creates micro efficiencies that have a macro impact by turning complex processes into simple solutions.
A financial planner’s time is best spent delivering great client experiences. By outsourcing the non-client facing tasks to virtual assistants, in combination with the use of a highly efficient technology such as Asendium, you are providing your business and team with the opportunity to help more clients without compromising on your profit margins. – Scott Miller, CEO of Asendium
Valenta BPO offer business outsourced staffing solutions, designed to boost efficiencies and improve workflows. Businesses operating in fiercely competitive markets require a competitive advantage, and Valenta is able to provide this through vast knowledge, industry specialists and quickly accessible resources. Valenta BPO prides itself on the ability to understand in detail, the process dynamics of each business, whilst incorporating real-world solutions that boost profitability.
In a recent webinar hosted by Asendium, “Compound Your Efficiency“, File Notes were highlighted as one of the few compliance processes that cannot be outsourced to an offshore team member, which is where Asendium comes in. The remainder of the process can be outsourced to virtual assistants from Valenta which will significantly reduce the costs to a financial planning business – making Asendium and Valenta’s partnership a logical and collaborative solution.
It is unfortunate, but the new reality for financial planners is the time it takes to provide a quality financial advice to a client, irrespective of whether they are new or existing, takes as much as 20 hours over a period of several weeks.- Bill Savellis, Senior Financial Planning at Infocus Sydney Central and Managing Partnering for Valenta BPO – Australian Operations
What Does This Partnership Entail?
For current Asendium users, they will receive 10% off Valenta BPO outsourcing services. For financial planners who sign up to Valenta BPO, they will receive 10% off Asendium’s annual subscriptions.
To truly achieve optimal efficiencies for your business, there needs to be a combination of outsourcing and technology with a structured and guided process that connects the two components – making Asendium and Valenta BPO the perfect solution that helps financial planners in delivering great client experiences along with a high quality and efficient advice.
The combination of technology, coupled with an offshore solution, is the only way I, as a financial planner and representative of ValentaBPO have identified, can manage those timeframes in a way that allows a financial planner to provide a quality service in a cost effective manner. – Bill Savellis, Senior Financial Planning at Infocus Sydney Central and Managing Partnering for Valenta BPO – Australian Operations