Solution introduction
Our standard service already used by hundreds of adviser firms across the UK, including many nationals and networks.
We use scanning, OCR and data capture techniques to extract the required data. Using the data we create commissions files. These files can then can be imported into back office systems to reconcile commission against expectation, similar to an EDI transmission.
The solution.
IFA Dataflow has developed a service that can extract the required data fields from paper commission statements into an electronic file. Once in an electronic form the data can be imported into back office systems to reconcile commission against expectation, similar to an EDI transmission.
Complementing EDI downloads this service allows an adviser to move to a completely electronic system for commission downloads and to eliminate manual re-keying of data entirely.
