Transact and CURO have launched a new integration that automates the reconciliation of adviser fees, eliminating the need for manual data entry and file uploads.
This development marks a significant step in improving efficiency for financial advice firms.
The integration, enabled through Transact’s Remuneration API, allows thousands of clients’ adviser fees to be securely and automatically transmitted to CURO, the financial-planning software provided by Time4Advice (T4A).
The process ensures seamless reconciliation based on pre-set tolerances, reducing administrative workload and minimising errors.
T4A was acquired by IntegraFin, Transact’s parent company, in 2021.
The integration aligns with Transact’s long-term strategy of fostering collaboration between platforms and software providers to enhance efficiency and allow advisers to spend more time with clients.
Plannr and Transact team up to ‘supercharge’ efficiency of advisers
Setting up the API in CURO is straightforward, requiring appropriate user credentials and two-factor authentication for added security.
The system automatically processes remuneration data, improving workflow efficiency for advice firms.
Tom Dunbar, deputy CEO of Transact, said: “Our strategy is to make financial planning easier. A key part of this strategy is building a more integrated ecosystem between Transact and back-offices.
“Integrations reduce re-keying and create efficiencies, helping advisers grow and serve more clients. This latest API integration with CURO is another important step forward.”
Mitchell Philpott, managing director of T4A, said: “We are delighted to see the Remuneration API with Transact already delivering efficiencies through automation.
“CURO will continue to streamline advice processes, reducing manual data entry so advisers can focus on financial planning.”
Acumen Financial Planning Ltd, a participant in the pilot project, added: “This automation will save us significant time each month, eliminating the need to manually download, prepare, and upload files.
“It has streamlined our processes across multiple brands and payments.”
Comments