Quadron Data Solutions Implements e-signature Feature to Boost Business
CIOREVIEW >> Compliance >>

Quadron Data Solutions Implements e-signature Feature to Boost Business

By CIOReview | Tuesday, June 3, 2014

DENVER, CO and ONTARIO, CA: Quadron Data Solutions, a provider of data management solutions and an affiliate of Fetter Logic, Inc., has added new functionality to its integration with Laser App Software, a provider of forms automation and management software for the securities and insurance industries.

The enhancements further streamline the account opening process to speed new client onboarding for broker-dealers and their advisors. Additional integration enhancements include straight-through processing, reduction in not-in-good-order (NIGO) and increased advisor efficiency with mobile capabilities and e-signature support.

The integration between Quadron Data Solutions’ AccountQ product and Laser App’s Anywhere platform arms broker-dealers and financial advisors with a comprehensive, turn-key solution that automates the account opening process via any device with Internet connectivity. Advisors using Quadron Data Solutions and Laser App can now benefit from streamlined workflows that communicate back and forth between AccountQ and Laser App Anywhere, in addition to CRM systems. These workflows translate to seamless account opening for brokerages and direct businesses plus convenient mobile access for advisors, ultimately impacting the bottom line.

New functionality to the integration comes after updates to both AccountQ and Anywhere. Such benefits include: deployment of customized account opening in a short timeframe; seamless clearing firm compatibility; continuous integration between forms and accounts; fully integrated e-signature functionality; mobility via Software-as-a-Service (SaaS); open communication with leading CRM systems; single sign-on through SAML 2.0.

David Fetter, CEO of Quadron Data Solutions, said, “Since our initial integration with Laser App, e-signatures have become a major industry standard, and that has spurred us to add this in-demand functionality, along with other enhancements, to AccountQ. Broker-dealers continue to stress the importance of having the best technology that not only allows their advisors to be independent, but also helps the firm attract top talent. By partnering with Laser App, Quadron is empowering advisors to be more self-sufficient than ever before while maintaining a heightened level of efficiency. For example, upgrades to automated edit checks and forms bundling have essentially eliminated not-in-good-order (NIGO) for our advisor clients.”

“Broker-dealers want their advisors to be fully-equipped with best-of-breed technology to conduct business wherever they are, whether it’s with a client, in the office or at home,” added Robert Powell, VP of Sales and Marketing for Laser App. “Account opening has proved to be a tedious and time-consuming task for advisors that broker-dealers are trying to remediate. With the addition of Laser App Anywhere to AccountQ, we are freeing-up time and resources that were previously being dedicated to data capture and re-entry, and transitioning those resources over to strategic client discussions and relationship building that supports the bottom-line of the business.”

Laser App Anywhere is Laser App’s mobile forms-filling solution that can be used by advisors from any location with an Internet connection. The integration enables Laser App forms to be prefilled and populated with data collected by AccountQ for client onboarding, creating a single, integrated package further facilitating straight-through-processing for advisors. AccountQ and Laser App Anywhere are single sign-on enabled, permitting advisors to log into one of the platforms while instantaneously being logged-in to the other, thus enhancing efficiency.

In addition, AccountQ now features two-way data exchange with CRM systems to aid in the processing of client data. Other enhancements include the ability to save forms that are “in progress”, giving advisors the option to start and finish forms at their convenience, further supporting streamlined workflows and flexibility.