Adviser software provider Focus Solutions has launched a new cashflow planning tool, Now:Plan Cash Flow 2.0, an interactive, digital cashflow modeller designed for advisers with ease of use and comprehensive functionality at the forefront.
It utilises Moody’s Analytics, unrivalled experts in the field of financial modelling, to build in more informed growth rates. The key features include: interactive modelling of real-life client scenarios; demonstrating market crashes and varying conditions; fast journey from fact find to graph within 30 seconds; drag and drop ‘what ifs’ to see real time results; option to chart IHT liability and LTA; and initial and ongoing costs at product level.
Now:Plan Cash Flow 2.0 is part of a full proposition of front and back office solutions that Focus Solutions has built for the adviser market. Now:Plan Cash Flow 2.0 enables advisers to outline and compare multiple scenarios quickly and easily, along with demonstrating market crashes and varying conditions. Advisers can discuss the impact it may have on investments with clients and illustrate real time and future financial events to support the advice process.
Steve Andrews, Head of Managed Services at Focus Solutions, says: “We listen to advisers and they have been telling us they want a cash flow tool that is comprehensive without being cumbersome and we have delivered Now:Plan Cash Flow 2.0. It’s an effective system for testing a client’s capacity for loss and tolerance of risk by modelling different outcomes for investment returns, income and expenditure. We believe this type of detailed planning enriches the advice process and client relationship.”
Tom Hutt of Hutt Professional Financial Planning, says: “Cashflow planning enables us as advisers to clearly illustrate an often-complex financial plan for our clients. Increasing client engagement in the planning process is invaluable so the ability to easily change and adapt the model with drag and drop functions is very powerful when used interactively during client meetings, bringing to life the effect that decisions will have on their future financial position. The Now:Plan Cashflow tool also enables us to demonstrate the value we add as advisers through thorough, managed, objective-based financial planning and it is becoming an integral part of our advice process.”
