Contribution and withdrawal data supports everyday advisory work, including client reviews and cashflow planning. When records held in Transact and intelliflo office differ, advisory firms may need to compare the two systems, identify what’s missing and enter the information manually.
Sprint Enterprise Technology has worked with Transact to build a contribution and withdrawals (C&W) sync – a Finio-powered app for intelliflo office, that gives advisory firms a more direct way to review and correct those differences.
Less manual checking between systems
Contribution and withdrawal records can build up over many years. Where historical records in Transact and intelliflo office don’t match, finding the difference can mean checking transactions one by one and then entering missing information manually.
The C&W Sync app brings the relevant Transact records into intelliflo office for review.
Users can compare the information, identify unmatched records and choose which items should be added to the client plan. This reduces the need to move between the two systems and rekey information that already exists in Transact.
The advisory firm remains in control
Transact remains the source of truth for the contribution and withdrawal information shown by the app. Nothing is added to intelliflo office without the user selecting it, and the advisory firm decides which records should be corrected and when those changes should be made.
This means historic data can be reviewed on the firm’s own schedule, with control retained over each update.
Supporting ongoing data accuracy
C&W Sync is not limited to a one-off historic check. The app receives a daily data refresh, allowing advisory firms to continue comparing contribution and withdrawal records as new information becomes available.
For advisory firms using Transact and intelliflo office, that provides a practical way to identify differences and keeps the relevant records more closely aligned over time.
What C&W Sync can help advisory firms do
- Reduce manual rekeying of contribution and withdrawal information
- Compare historic records held in Transact and intelliflo office
- Identify mismatches and select the records that need updating
- Review the correct data on the advisory firms own schedule
- Support ongoing reconciliation through the daily data refresh
Built by Sprint on the Finio hub
C&W Sync is one example of how Sprint uses Finio to connect systems across UK wealth management.
Finio sits between investment platforms, DFMs, software providers and financial advisory firms, helping investment data move between the systems that need it.
For C&W Sync, that connection is live between Transact and intelliflo office. The same approach reflects a wider part of Sprint’s work; solving specific data movement problems without asking each investment platform, DFM or software provider to build and maintain every connection themselves.
Find out more
Read the press release on IFA Magazine, The Intermediary and/or login to the intelliflo store and search ‘Transact C&W Sync‘.
