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Financial Data Services

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FINANCIAL DATA SERVICES
Delivery process  Reconcile Delivery process  ClientSweep
Delivery process  Data Bases & Transfer of Data Delivery process  Data Review & Reconciliation
ClientSweep
ClientSweep is our client data service. Incomplete or inaccurate client data means you're probably losing renewal commission (see Reconcile) and you certainly can't effectively generate new business from it.

ClientSweep is a modular outsourced service to deliver the data:

Bullet collection & transfer
Bullet cleansing
Bullet reconciliation
Bullet consolidation
Bullet analysis & reporting
Bullet processing

Example:

Assuming:

Bullet Average income per new client case = £250
Bullet Cost of data work = £1.00 per client (number of clients irrelevant)

An increase of 0.4% of new client cases in the first year will 'self fund' the cost of the data work.

Bullet 1,000 clients @ £1.00 per head = £1,000 for data work. 4 new cases in the first
  year (0.4%) will generate £1,000.

This is linear, so changing any variable gives perspective:

Bullet @ £250 per new case, if cost of data work = £4.00 per client, 1.6% of new, extra
  cases will make it self funding - 16 new cases in year 1
Bullet @ £500 per new case, cost of data work = £4.00 per client, 0.8% of new, extra
  cases will self fund in year 1 - 8 new cases
Application

Our application processing service includes:

Bullet Life, Pension, Investment
Bullet Mortgages and other loans
Bullet General insurance

There are number of areas where cost savings can be achieved without compromising on the quality. Retaining your customer facing functions in-house, you can outsource:

Bullet All forms of data entry
Bullet Data quality checking
Bullet Credit and other checks
Bullet Account management/ changes
Bullet Account closure