Flextract provides client data intelligence specifically for financial advisors by automating document collection and data extraction. The platform uses smart checklists and a client portal to gather necessary information quickly, significantly reducing administrative time spent on onboarding and data entry. This allows advisory firms to accelerate financial planning processes and focus more resources on client advice delivery.
Funding
Funding not disclosed
Founders
Product
Problem
Financial planners must collect dozens of documents and extract hundreds of data points manually, leading to 2–5 hours of data entry per client, frequent errors, and delayed plan initiation. This manual process limits firm scalability and increases staffing costs.
Solution
Flextract offers an AI‑driven data‑gathering platform that lets clients upload documents through a branded, phone‑verified portal. The system reads and synthesizes information from tax returns, investment statements, insurance policies, estate documents, pay stubs, and other household files without needing format‑specific training. Extracted data is automatically populated into the advisor’s CRM and financial‑planning software, creating a complete client profile ready for analysis. Real‑time progress checklists keep clients informed of missing items, while native integrations streamline the workflow and reduce manual copy‑and‑paste. The solution improves data accuracy, cuts entry time to minutes, and frees advisors to focus on client interaction and strategic planning.
Target Audience
The primary customers are registered investment advisors, wealth‑management firms, and financial‑planning practices that need to onboard clients efficiently and maintain accurate client data within their existing workflow tools.
Features
- Branded client portal with secure phone verification for document upload
- Dynamic AI engine that parses any document a human can read, eliminating format‑specific model updates
- Multi‑document synthesis to build a unified client profile across tax, investment, insurance, estate, and payroll documents
- Comprehensive insurance policy extraction delivering full coverage details
- Real‑time client checklist showing uploaded and pending documents
- Native, bidirectional integrations with leading CRMs and financial‑planning platforms for automatic data push
- End‑to‑end encryption and role‑based access controls to ensure data privacy and compliance