Forms Logic offers a cloud-based platform that automates form processing for financial services, enabling single data entry across multiple custodial forms. This technology reduces manual data entry errors and streamlines compliance workflows, significantly improving operational efficiency for financial advisors and firms.
Funding
$797K 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 advisors and firms face challenges with manual, paper-based processes for managing client forms, leading to inefficiencies, errors, and compliance risks. Multiple custodians and evolving regulatory demands further complicate workflows, increasing operational costs and hindering advisor productivity.
Solution
Forms Logic offers a cloud-based platform that automates the processing of financial forms, enabling straight-through processing across various lines of business. The platform streamlines workflows by eliminating manual data entry, pre-populating forms through integrations, and ensuring data persistence. By maintaining an updated library of custodial forms and offering customizable workflows, Forms Logic reduces errors, improves compliance, and enhances the client onboarding experience. The platform integrates with CRM and e-signature platforms, providing a secure and efficient solution for managing client paperwork.
Target Audience
Forms Logic targets Registered Investment Advisors (RIAs), Broker/Dealers, and other financial firms seeking to streamline form processing, reduce operational costs, and improve compliance.
Features
- Automated data pre-population across multiple custodial forms
- Customizable workflows for new account opening, new business processing, and other transactions
- Integration with CRM and e-signature platforms
- Updated library of traditional and self-directed custodial forms via API connectivity
- Secure, cloud-based platform with 256-bit encryption
- Configurable hierarchal security model for user roles and access control
- Reporting tools for visibility into business processes and identification of delays
- Compliance features for Books and Records 17-a3 and 17-a4