As industry leaders in their respective markets, the ADP/Finetre relationship addresses a critical need for both current and prospective clients for automated annuity processing, consistent and speedy compliance with new industry regulations, and more effective business control.
The integration of ADP's ProVisorÂ® broker desktop application with Finetre's AnnuityNet Platform will yield a unique advisor desktop featuring not only real-time access to account-level information and online order entry, but also fully automated annuity processing with compliance workflow management and comprehensive tracking and reporting features. ADP clients benefit from an integrated, turnkey solution and Finetre clients benefit from seamless integration with their back office providers -- all resulting in more streamlined operations, increased efficiency, and decreased regulatory risk.
"Finetre, with its patent pending status, is an industry leader in annuity processing. Forming a strategic partnership with them enables ADP to reach the insurance broker/dealer market," commented Charlie Marchesani, General Manager, ADP Brokerage Processing Services.
"We recognize ADP's pipeline to the brokerage marketplace, and the added value of tightly integrated desktop solutions. The breadth of functionality in ProVisor combines with the capabilities of our AnnuityNet Platform to offer broker/dealers a high quality, easy to implement annuity business solution," stated Steve Dunlap, SVP Chief Marketing Officer, Finetre Corporation.
ADP and Finetre are committed to increasing the adoption of electronic annuity processing and compliance in order to improve both the industry itself and the ultimate value received by customers (investors). Only through fully electronic tracking, processing, and reporting can efficiency and compliance be simultaneously optimized.