2012, is becoming the year of cost reductions..
Almost daily we receive calls from AFSL brokers, Dealer groups, and SMSF admins looking for ways to reduce their costs, and keep their existing clients; in fact this is trend is not limited to any specific market segment but across the board.
Over the years we have worked with many organisations as they have tried to handle increased volumes of work with existing staffing, we saw the outsourcing of data entry to India, then Malaysia etc.. As the labour costs rise in this countries we see organisations looking for long term solutions, as the costs to establish and train low cost labour remains static, and the replay periods decrease.
In our view, there is a simple solution, increase the level of automation, computers work 24*7 and costs actually decrease with volume, and over time.
The problem to date with this approach is that high levels of automation have not been possible, until very recently, any automation process which does not deliver 100% solution is pretty useless, as it takes more effort to find the missing or inaccurate processing.
VillageMall is please to announce.. the very first 100% automated portfolio and tax reporting solution with the lastest release of our Broker Portfolio Service (BPS)..
BPS fully automates all investment related activities, this includes all corporate actions and transactions.
Additionally BPS, can be linked to our Web Portfolio and Web SuperFund services , to create a zero admin investment service. No imports or exports required..
A typical Portfolio Service from say Bell Potter, has a minimium fee of $2,125 per year, BPS can now supply the same service from as little as $45/year.. with Zero staff.
Yes, this is a game changer..
Check out the details..
Charles Moore
CEO- VillageMall Pty Ltd
Direct: +71 7 3256 7465
Disclaimer The contents of this site should not be understood to be accounting, taxation or investment advice but rather as general product related educational information that may or may not meet your specific requirements.
