Moneysoft joins forces with Mortgage Choice to create financial advice tool
Australia's Moneysoft enters partnership with Mortgage Choice Financial Planning to create advice tool to enhance clients’ money skills.
Moneysoft, an Australia-based provider of real-time data, budgeting and reporting software, has entered into partnership with Mortgage Choice Financial Planning to create a financial advice tool to enhance clients’ money skills.
Moneysoft said that its advice tool will power MoneyTrack, a new tool that will be offered by Mortgage Choice as a part of their cash flow coaching service.
The software provider will also support Mortgage Choice in further automation of the systems that underpin its advice.
Mortgage Choice Financial Planning general manager Tania Milnes said the new tool will help its national network of advisers to enhance the affordable and transparent advice they provide to clients.
“The introduction of MoneyTrack will provide a robust basis for the advice we currently provide to help manage their cash flow. It gives clients an easy to understand tool that provides a clear picture of their spending and saving habits and helps steer the conversation around achieving their financial goals,” Milnes added.
Moneysoft head of technology and commercial operations Jon Shaw said that the platform would also provide an efficiency boost for advisers.
Shaw added: “Our technology features straight-through processing which cuts down on manual data entry, delivering time savings to advisers while also enabling them to develop a greater understanding of their clients’ individual financial circumstances.”