Following demand from its customer base, GBST in partnership with Origo has successfully proved compatibility of messages between its Composer back office administration platform and the Origo Integration Hub.
All GBST customers will now be able to link to the Origo Integration Hub through Composer and benefit from the Hub’s multiple integrations to adviser back-office systems using the service. This will further ease the administration burden for advisers around tasks such as preparing for client meetings and their valuation statements whilst also helping GBST platform clients simplify the number of direct integrations they need to support through utilising the hub service.
David Simpson, Head of EMEA at GBST, comments:
“We understand the importance of supporting our clients with efficient back-office integration and already offer integrations with the main practice management systems used by the adviser market. However, advisers frequently tell us they want our platform to integrate seamlessly with a broader range of back-office systems to help populate the single client view from multiple platforms and providers to support client reporting and regular client reviews.
“Supporting the Origo Integration Hub is a natural extension for us as more and more back-office vendors and providers sign up to this industry utility. This development will help our clients achieve their goal of being easier to do business with on behalf of their adviser partners and in turn help advisers reduce their time spent on administration.”
Anthony Rafferty, Managing Director Origo, adds:
“Integration with GBST’s Composer is another important step forward in creating a centralised hub which provides one point of connection for platforms, software and back-office providers, enabling adviser firms to link with all their trading partners.
“Our research last year with the lang cat found advice firms are routinely rekeying client data across three or more standalone systems and none of the firms surveyed could access real-time two-way integration between the systems they use. We estimate that a typical firm could be twice as efficient if systems were properly integrated, as measured by the amount of assets under administration each staff member can look after. By removing the complexity of multiple individual point-to-point connections, the Integration Hub makes integration for platforms, providers and advisers easier, quicker and more cost effective, transforming operational efficiencies and enabling the delivery of improved outcomes for their businesses and importantly, for their end clients.”
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Posted in: Wealth Management Administration
