Ascentric integrates with IntelliFlo

IntelliFlo’s Intelligent Office commissions module, which has reconciled more than £500m worth of commission since its creation, allows advisers to process and reconcile all commission received against written business.

This data feeds into IO’s suite of management information reports.

This provides advisers with accurate statements detailing their commission earned for any period, and the data required to track KPIs, aged debt and essential information for Gabriel Reporting (Gathering Better Regulatory Information Electronically), the FSA’s online regulatory reporting system for the collection, validation and storage of regulatory data.

Nick Eatock, chief executive of IntelliFlo, said: “We are delighted to be able to jointly offer this new integration to our mutual clients. This will add further back office efficiencies for IO firms who place assets on the Ascentric platform allowing those practices to reduce their costs of operation.”

Dominic Ventham, head of marketing of Ascentric, said: “This is a great example of how two technologies can combine to provide advisers with improved business management information.

“We have a large number of advisers that use IntelliFlo and this integration will significantly enhance the user experience for both systems.”