Real-time Report Creation & Distribution Solution for Wealth Management Advisors

Case Overview

Everyone might be putting their best efforts and hard work to every extent possible though they would never be able to know the right path until and unless equipped with reports, that help to analyze footprints and then strategize for future steps. There is always a need for reporting to study your returns, to know the market behavior and further steps. Wealth Management has transformed a lot with an increasing number of HNI and upcoming advancements, advisors require a tool that can set the tone for an efficient management.

Business Challenges

• A smart platform was required that can serve error-free results in real-time.
• Creating new reports or editing existing ones with data visualization without technical expertise.
• Advisors were facing issues with the management of their virtual assets.

Hexaview's Solutions

Hexaview developed ReportWa which served as an add-in for Microsoft Word and Excel. ReportWa works on the method of Design, Distribute and Document to ensure professional reporting with existing accounting software. Our implementation had the following features and functionalities:

• Advisors were able to import data from Custodians & 3rd party providers.
• Enhanced user experience was attained through a customizable dashboard.
• With the real-time response, live status of various tasks assigned to Advisors & Departments was attained.
• Data reconciliation using User-defined Templates.
• Multi-factor authentication.
• DIY reporting and data visualization.
• Integration with cloud platforms removed location dependence and made documents universally accessible.
• ReportWa helped the advisors to view data in a unified manner. It also provided the ability to the clients to slice & dice data.

Business Impacts

• The advisors have a dedicated tool that can help them in understanding their progress and also help them in forecasting their future trends.
• Crucial human hours were saved with added accuracy to deliver error-free reports.
• Clients were able to perform a detailed Audit Log with a single click.
• Fulfilled compliance needs.
• The white-labeled platform provided the look and feel of the client's firm.

Key Success Factors

• Our decade-plus experience helped us in understanding the various challenges that Wealth Management Advisors encounter.
• Niche in various technologies like Big Data and services architecture gave us the momentum to develop a strong tool for advisors.

About ReportWa: Financial Reporting, Automated

ReportWa is a real-time report creation and distribution solution:

• Design pixel perfect reports using MS Word and Excel.
• Reporting Portal that automates entire Business Workflow.
• High Security document vault with, accessible anytime anywhere.

The full-featured Wealth management Reporting software for advisors “ReportWa” aims to ease Client reporting.