How TAMPs Can Create Comprehensive Back Office Solutions

How TAMPs Can Create Comprehensive Back Office Solutions

Posted by Tracie Hummel on Apr 6, 2017 10:45:55 AM
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balance.jpgIn our previous blog post, we discussed the reasons why some of the leading Turnkey Asset Management Programs (TAMPs) are partnering with IFS to create comprehensive back office solutions. When we talk to TAMPs about how our solutions for client onboarding, asset movement and account maintenance, can fill some of the critical gaps in traditional TAMP offerings, one of the most common questions we get is: “Can’t I do all of this with a Document Vendor?”

In a nutshell, the answer is “no.” While document-based solutions do provide some of the basic functionality to create piecemealed solutions for onboarding and other brokerage processes, they lack the holistic perspective that IFS offers. For example, a document-based solution may offer the ability to integrate with CRM or perform data validation (just like IFS), but they don’t provide unlimited workflow and business rules to ensure that the onboarding process is entirely automated and streamlined. We’ve put together the following chart comparing the key features provided by IFS and document-based solutions. If you’d like more information on IFS and how we compare to other process automation providers or document-based solutions, click the button below the chart.

IFS vs Document Solutions.png

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