Asendium provides a financial planning tool that automates the creation of advice documents, reducing the time required for Statement of Advice production from 16 hours to just 2 hours. By integrating with platforms like Xplan and ProductRex, it minimizes data entry errors and enhances productivity, allowing financial planners to generate personalized advice efficiently.
Funding
$3.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Financial planners often spend excessive time creating Statements of Advice (SoAs), leading to reduced productivity and increased operational costs. The manual data entry and lack of integration between different financial planning tools contribute to inefficiencies and potential errors in advice documents.
Solution
Asendium is a financial planning software designed to streamline the advice production process, enabling financial planners to generate personalized SoAs in significantly less time. By integrating with platforms like Xplan, ProductRex, and OmniLife, Asendium minimizes double data entry and automates the transfer of information across different stages of advice creation. The platform supports the automation of over 200 financial planning strategies, allowing for the creation of tailored advice documents for various client situations. Asendium's features enable financial planners, paraplanners, and administrative teams to optimize productivity, reduce overheads, and increase margins while ensuring compliance measures are met.
Target Audience
Asendium primarily targets financial planners, paraplanners, and financial planning businesses seeking to improve efficiency and reduce the time spent on advice document creation. The platform also caters to outsourced paraplanning services and businesses providing intra-fund advice.
Features
- Integration with Xplan, ProductRex, and OmniLife for seamless data transfer
- Automated generation of Fact Finds, Strategy Papers, File Notes, and Statements of Advice
- Customizable advice strategy wording, Statement of Advice themes, and risk/warning configurations
- Comprehensive comparison tools for superannuation, pension, and investment platforms
- Support for over 200 automated financial planning strategies
- Capability to modify advice documents by editing fields and regenerating