Cash Flow manager captures its data sets from three key areas;
- Automated Bank feeds-
- Manual Client/Adviser up-dating from a monthly interaction
- Fact Finder/Default budget tool with cash flow manager entered manually.
The topic of capture is dynamic, meaning you can create any type of subject matter or customized budget tool you require or you may wish to use the default budget tool.
The importance of Cash Flow manager is that each module/App used within the system accesses the data in this module for use within its calculations. This means that the advice you create can be based on real-time client positioning.
This becomes important when tracking or managing;
- Concessional contributions to date
- Non-concessional contributions to date
- Direct Cost of living expenses and their impact on the client at a time of claim in relation to Personal Risk Cover
- Income longevity both pre-and post retirement
- Future strategy considerations for inside and outside of super fund investing
The system also tracks and manages client performance, rating them in as Surplus or Deficit position. This intel assist you in understanding your clients spending position and provides you with a strong position to make effective financial advice recommendations.
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