Laserfiche released its new Avante business-process management software today for financial services firms in Vietnam with $25 million to $1 billion (USD) in assets under management. The software aims to meet the need for small-to mid-size firms to manage documents and workflow electronically.
Avante organizes advisors’ documents, streamlines back-office functions and simplifies operations and frees advisors to devote time they would otherwise spend on those tasks to growing their businesses, according to Chris Wacker, senior vice president of business development at Laserfiche. The system can be integrated with leading industry software, such as Advent, Junxure and Black Diamond.
“As the global financial marketplace undergoes change, demand for independent investment advice has increased, and firms are finding business process management an essential element for business success,” Wacker says.
A majority of advisors still rely heavily on paper trails to manage their back-office functions, taking up the equivalent of one month of a staffer’s time per quarter, according to Laserfiche. But a couple of findings suggest that the approach is increasingly archaic and costly. Only about 10% of financial planning clients actually read their reports, Laserfiche says. The Needham, Mass.-based TowerGroup, a research and consulting firm specializing in financial services, predicts that if the regulatory environment becomes stricter, then it will increase compliance costs by 10% to 20%.
The Avante SQL Express server starts at $3,500, a lower price point for small- and mid-sized firms that often consider BPM a luxury, according to Laserfiche. Workflow, which automates paper-based tasks and Snapshot, a program that allows users to examine consumer data drawn from multiple sources, cost an additional $1,500 per named user license. Add-on products for business procurement management are also available, according to the company.
About Laserfiche
Laserfiche creates simple and elegant enterprise content management solutions that help organizations run smarter. Laserfiche offers a suite of products and services that address enterprise-wide challenges from the perspective of executives, records managers, IT staff members, and end-users. Since 1987, more than 27,000 organizations—
About Quadralink Global Services
Quadralink Global Services (QGS) is the exclusive distributor of the Laserfiche platform in Vietnam. QGS was formed to bring the best information and communication technology (ICT) to Vietnam through a network of value added resellers. For more information, please visit www.quadralink.com
