When the entrepreneurial bug bit Nitin, a young finance professional, he decided to become a mutual fund distributor. He also enrolled for membership of an online platform to facilitate online transactions for clients. As he explored the features of the platform, he realised that its various tools could help him grow business and increase efficiency.
Let us explore some of these features.
- Integrating the platform with advisor website to enrich client experience
Online platforms allow you to integrate your website with their portal. Your clients can review their portfolio and purchase units simply by logging in to your site. This helps you personalise client investment and transaction experience.
- Cater to clients across the globe
Online transactions eliminate the need for signed transaction slips. You can advise your clients living in another state or even another country about investment opportunities. Then either he or you can immediately execute these transactions online through the portal.
- Reporting to ensure you are on track
The platforms provide reports, which help ascertain your business growth and how efficiently you are running the ship. Use this tool to check if you are on track.
- Bulk transaction facility
Online portals allow you to punch-in multiple transactions in one go. This saves time and increases efficiency. Many IFAs have executed multiple SIPs says 300 - 500 in a single day.
- Track your employees
You can map transaction of your sub-brokers and employees to monitor their performance. This will help you to incentivise them based on their performance.
So harness the power of technology to grow your business!