Client Onboarding Software for the Financial Service Industry
OpenAdvantage® Client Onboarding
OpenAdvantage® is an automated account opening platform that enables financial services firms to increase operational efficiency, improve client services and reduce costs by providing a superior, personalized account opening experience. With the ability to configure workflow, questionnaires, forms and business rules, OpenAdvantage® delivers the power of a custom solution without the premium price.
OpenAdvantage® streamlines data gathering, form completion and the approval process through the use of a dynamic questionnaire which presents only relevant questions based on product and client profile. Automated data verification and calculated fields reduce errors and Not in Good Order (NIGO) scores. As well, data entry is minimized by the ability to import existing client data and suggested default values. Financial services institutions also have the ability to empower clients to complete the account opening process on-line with the OpenAdvantage® Self-Service module.
Behind the scenes, configurable workflows automate the progression of the account opening data through your approval process. OpenAdvantage® increases the transparency of the approval process, allowing advisors to check on the status of an application through their customized dashboard. At the conclusion of the approval process, a personalized welcome kit is generated for the client, containing all the appropriate documents, ready to sign. OpenAdvantage® also offers fully integrated eSignature support, allowing end-to-end digital account opening, and our mobile client onboarding offering allows your advisors to open accounts securely while on the go with their mobile device.
Behind the scenes, our scalable platform, configurable workflows and dynamic forms enable OpenAdvantage® to simultaneously support multiple lines of business, for example:
- Discount brokerages, retail brokerage, institutional and mutual funds businesses supported from the same environment
- Support for multiple languages within a single install
- Clearing firms can configure the questionnaire, workflow, business rules and forms for each correspondent
- OpenAdvantage® is compatible with your back-office systems
- Reduce account opening costs
- Accelerate account openings
- Increase NIGO scores
- Improve regulatory compliance
- Open account digitally, end to end
- Open accounts anywhere on your mobile device
BarcodeAdvantage – For Rapid Document Processing and Workflow
Arius OpenAdvantage can be configured to add barcodes to documents and forms that it outputs for wet signature or other routing or processing. Once completed, these documents can be scanned and uploaded back to the OpenAdvantage system using Arius BarcodeAdvantage. BarcodeAdvantage uses the barcodes to automatically index and route documents into subsequent online workflow or simply into long term online storage. It can also be used to index and route documents received via fax. BarcodeAdvantage helps to speed up account openings, as it reduces wait times associated with the manual workflow of paper documents between departments and branches.
Learn more about Doxim’s account opening solutions for:
Find Out More
Download the OpenAdvantage® Product brochure
Learn more about Collaborative Account Opening by downloading the brochure.
Learn How to Track and Resolve Client Complaints using your Onboarding Solution brochure
Access the Client Onboarding Cost Benefit Analysis to find out how much you can save with an automated client onboarding solution today.