Financial Management

Docupace Launches New Productivity Toolkit for Financial Advisors and RIA Firms

Docupace Launches News
Docupace, the leader in cloud-based fintech digital operations software for the wealth management industry, today announced the launch of its RIA Productivity Suite, designed to optimize operations for advisory firms of all sizes – empowering them to digitize, streamline, connect and automate operations.

"While much of the financial services industry is a 'sea of sameness,' the RIA universe is vast and diverse, For too long, this has resulted in an abundance of technology solutions for this market, and those available are too inflexible and too expensive. That stops now.  Advisory firms and the RIA marketplace deserve enterprise-grade tools that enable and unlock the human potential of their firms, Launching the RIA Productivity Suite fills a void in the marketplace and puts the power of the Docupace platform's RIA tools in the hands of fast-growing, forward-looking financial advisors."

-David Knoch CEO Docupace.

Docupace, in consultation with Ezra Group, developed the RIA Productivity Suite with several "out-of-the-box" capabilities and integrations that meet the sector's needs with simple-delivery requirements for the RIA market.

The cost-effective, innovative platform powers RIA firms to reduce operational costs, improve efficiency, attract top-tier talent, strengthen recruiting, and enhance the client experience they deliver.

An integrated toolkit, RIA Productivity Suite features include:
  • Streamlined New Account Opening and Simplified New Client Onboarding
  • Robust Workflow Engine with Automated, Rules-based Data Validations and Work Item Status Dashboard by Contact
  • Straight-Through Processing of All Work Items
  • Forms Library & Bundling, ADV Form Management and Storage and Dynamic Processing
  • Out-of-the-Box CRM Integrations with Redtail CRM, Salesforce, Salesforce Financial Services Cloud, Wealthbox and Practifi
  • Digital Organizer of compliant document storage, indexing and retrieval, and more
  • Digital Back Office Xpress which allows end-to-end pre-defined workflows that include, pre-configured Custodial form validations and bundles for Axos, Pershing Advisory Services (PAS), Charles Schwab, Pershing and Fidelity Institutional
  • Embedded DocuSign solution and standard wet signature solution

Docupace created this set of productivity tools for advisors and RIAs with minimal implementation costs in mind; seeking to optimize an often clunky delivery model common among wealthtech firms.

Future-Proofing RIAs with Operational Scale and Efficiency

The RIA Productivity Suite is specifically designed to remove four significant barriers in the way of growth and scale for RIAs. By streamlining client onboarding through automation, integrating systems and data, digitizing the client experience and reducing the cost of administrative work the Productivity Suite is built to enable growth-minded RIAs to deliver superior advisor and client experiences at scale and lower cost.

About Docupace
Docupace is a solutions provider focused on digitizing and automating operations in the financial advice and investment industry. Financial services firms use the Docupace Platform (a cloud-based, integrated software suite) to reduce back-office expenses, improve efficiency, strengthen recruiting, and enhance the experience of advisors and investors. With headquarters in Los Angeles, California, Docupace is proud to serve some of the largest independent broker-dealers and registered investment advisers (RIAs) in the financial services industry.

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Tax groups have a meaningful opportunity to enhance the value of their organization’s digital transformation effort. This priority, which involves migrating tax automation to the cloud in tandem with larger enterprise resource planning (ERP) cloud migrations is becoming even more time sensitive. This white paper examines leading


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Financial Management

Priority Announces Strategic Technology Partnership with Treasure Financial

Priority | December 11, 2023

Priority Technology Holdings, Inc. a leading provider of unified commerce solutions to businesses that accelerate cash flow and optimize working capital, has announced a strategic partnership with Treasure Financial Inc., a leading financial technology innovator in treasury management technology. Priority’s integration with Treasure Financial’s cutting-edge embedded yield API will enable Priority’s customers to allocate their excess working capital to an investment account across a diversified portfolio comprising premiere, secure vehicles such as Treasuries, Treasury Inflation-Protected Securities (TIPS), Government-backed money market funds, and professionally managed fixed-income instruments. This innovative partnership with Treasure provides Priority’s customers with a truly unified commerce platform that allows them to manage the point of sale or receivables payments in their Passport financial account in more ways. The integration offers Treasure’s higher-yielding investment capabilities and leverages the modern payables tools of Passport to optimize working capital on a single platform. “We are on a mission to change the way businesses, large and small, think about their payment solution providers by providing technology and services as revenue accelerators to grow their businesses and drive efficiency in their operations, and not as another cost center,” noted Thomas Priore, Chairman and CEO of Priority. At a time when operational efficiency and capital management optimization for businesses of all sizes remains paramount, the combination of Priority’s payments and banking capabilities and Treasure’s investment platform are disruptors to traditional business banking and cash management strategies. Each portfolio is actively managed by Treasure’s expert in-house investment team. Advanced algorithms help guide a thoughtful investment approach to cash management and yield generation. “The inclusion of Treasure’s capabilities into our unified commerce engine and treasury service offering brings us to the next level with cutting-edge cash management solutions,” states Al Acevedo, Senior Vice President of Treasury Services at Priority. “We are excited to launch this investment offering into our SMB, B2B and Enterprise channels so that our 800+ thousand customers may access a variety of investment and treasury management options from our trusted partner directly from their Passport account,” added Acevedo. “We are proud to partner with Priority to leverage the Treasure API and embed our corporate-grade cash management offering directly on the Priority Passport platform. This partnership is a testament to Treasure’s capabilities and will enable Priority’s customers to constantly maximize the yield on their idle cash without leaving the platform. This first-of-its-kind embedded finance partnership between Treasure and Priority is a huge step forward for the payments industry,” said Ben Verschuere, Co-Founder and Chief Investment Officer of Treasure Financial. ISOs, ISVs, finance professionals, and businesses interested in learning more about the Treasure and Priority partnership should contact their Priority representative or visit PriorityCommerce.com. About Priority Technology Holdings, Inc Priority is a solutions provider in Payments and Banking as a Service (BaaS) operating at scale with 820K active customers across its SMB, B2B and Enterprise channels. Priority processes $118B in annual transaction volume and provides administration for $850M in average daily deposits. Priority’s purpose-built technology enables clients to collect, store, borrow and send while providing customers acceptance of AP payment applications and Passport financial tools that best optimize their cash flow and maximize working capital.

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Financial Management

Synechron Launches 'Synechron Nexus' AI Solutions Suite in Fulfilling the Promise of AI With Ready-to-use Solutions

Synechron | February 02, 2024

Synechron, Inc., a leading global digital transformation consulting firm focused on financial services and technology organizations, announces the launch of its Synechron Nexus suite of nine Artificial Intelligence (AI) solutions that are ready to be deployed within weeks. This array of generative AI-led solutions was designed to span the nexus between human expertise and AI, while enabling users to automate manually intensive tasks, increase project speed, drive operational efficiencies, and reduce costs across various key business tasks. Each solution, divided among three value streams, allows Synechron clients to improve their operations, reduce friction in their processes and boost productivity. Business Growth: Practical, innovative applications that enhance business capabilities Synechron Amplifai is a GenAI-powered market research solution. Its automated research capability saves significant time in a wide range of use-cases, reducing the tedium of gathering, analyzing and reporting market news, trends and strategies. Synechron Clarifai is a tool for summarizing and analyzing call-center transcripts. Conversations are flagged for non-compliance and further human review/actions. Synechron Simplifai centralizes project portfolio data and metrics for streamlined executive decision-making, informing effortless, data-backed decisions for executive and steering committee groups. Operational Efficiency: Advanced solutions to streamline processes and elevate internal operations Synechron Nexus Chat is built on a conversational AI model, understands and engages in a comprehensive range of scenarios and supports plug-ins for real-time data and integration, while delivering human-like conversational responses and text, safely and securely. Synechron Replai is an AI-driven, RFP and proposals tool, streamlining proposal creation with high-quality, insightful responses, with the ability to search the internal knowledge repository for fast access and content re-use. Synechron Unifai is an AI-driven HR solution, designed to simplify interactions between company HR functions and employees, such as policy information and employee-specific payroll details. Synechron Identifai collects comprehensive online market intelligence and provides an in-depth understanding of business, emerging technology trends, or any research topic. Developer Productivity: Toolkit to optimize timelines, minimize costs, and automate practices across the Software Development Lifecycle (SDLC) Synechron Codifai is an SDLC productivity improvement tool, using automation in code generation, unit test case generation, legacy code migration, code optimizations, and automatic code documentation. It works closely with Synechron Verifai which addresses software testing aspects. Synechron Verifai is a GenAI tool for SDLC productivity, using automation in code generation with a focus on QA test case generation, automated test script generation, synthetic test data generation, and bug detection and bug fixing. It works closely with Synechron Codifai which addresses software development efficiency. This new Synechron Nexus AI suite of real-world, practical business solutions, combined with the five formalized RiskTech.AI Accelerators (launched in October 2023), leverages Synechron's AI Practice expertise globally. The creation of AI-led business solutions has been a passion of Synechron's for over a decade, and the firm's commitment to innovative excellence has won the firm eight prestigious AI industry awards to date. Faisal Husain, Synechron's Co-founder and CEO, said of the launch of the Synechron Nexus AI Suite of solutions, "We are proud to be releasing this extensive array of AI-enhanced solutions that go beyond the hype, and provide significant, tangible benefits to business operations. AI and GenAI-rich tools are not just ideas we offer to our clients, but key process accelerators that we ourselves at Synechron are deploying across our company, as we offer ways to integrate the benefits of this technology with human expertise." Ryan Cox, Co-head of Synechron's AI Practice in the UK, added, "Our team has developed, tested, and successfully integrated these advanced AI solutions. Our approach is to strategically guide our clients to integrate AI effectively within their business processes. We identify the key areas where AI can bring the most impact, aligning our solutions to their unique business needs. This targeted approach ensures significant value creation with maximum benefit." Prabhakar Srinivasan, Co-head of Synechron's AI Practice in Bangalore, India, commented, "Artificial Intelligence has proven to be a wonderful force for driving business enhancements by quickly synthesizing extraordinarily large data sets. The Large Language Models used learn over short span of time on how to optimize each firm's proprietary information, thereby boosting productivity and allowing businesses to realize time and cost savings as they optimize tasks." About Synechron At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron's progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. With top clients to boast about, Synechron has a global workforce of 15,000+, and has 48 offices in 19 countries within key global markets.

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Financial Management, Fintech

ONE ROCK CAPITAL PARTNERS EXPANDS OPERATING PARTNER TEAM WITH ADDITION OF SHANNON CRESPIN

One Rock Capital Partners | December 18, 2023

One Rock Capital Partners, LLC a value-oriented, operationally focused private equity firm, is pleased to announce that Shannon Crespin has joined its team of Operating Partners. Ms. Crespin will be involved with evaluating prospective investments and building capability of One Rock's portfolio companies in the disciplines of integrated supply chain, working capital management and planning. Ms. Crespin joins One Rock with nearly 30 years of experience working in an array of supply chain-related disciplines, both in-industry and as a consultant. She previously served as Chief Operations Officer of Tonal, where she led end-to-end operations, research and development and program management for a fast-growing fitness equipment and technology business. Prior to Tonal, Ms. Crespin served as the Vice President Global Orthopedics Supply Chain for Depuy Synthes, the orthopedics company of Johnson & Johnson. Ms. Crespin had earlier supply chain roles with Medtronic, Keane Consulting, Lucent Technologies and Health South Rehabilitation. "Ongoing efforts at One Rock to grow our Operating Partner team are designed to enhance our ability to improve the businesses in which we invest," said R. Scott Spielvogel, Managing Partner of One Rock. "We often encounter businesses with significant opportunities in various aspects of supply chain, and we look forward to having Shannon as part of our effort to augment portfolio company performance." "I admire One Rock's emphasis on building better businesses, often in complex situations. I very much look forward to working with the Firm's portfolio companies to drive a higher level of execution across supply chain disciplines," said Ms. Crespin. Utilizing the expertise of Operating Partners has been an integral part of One Rock's strategy since its inception. Shannon Crespin joins a growing team, which now includes 27 Operating Partners at One Rock. ABOUT ONE ROCK CAPITAL PARTNERS, LLC One Rock makes investments in companies with potential for growth and operational improvement using a rigorous approach that utilizes highly experienced Operating Partners to identify, acquire and enhance businesses in select industries. The involvement of these Operating Partners is designed to afford One Rock the ability to conduct due diligence and consummate acquisitions and investments in all types of situations, regardless of complexity. One Rock works collaboratively with company management and its Operating Partners to develop a comprehensive business plan focused on growing the enterprise and its profitability to enhance long-term value.

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Investments

Green Home Loans from PrimeLending Finance Energy Efficient Upgrades for Homeowners

PrimeLending | December 07, 2023

National residential mortgage lender PrimeLending, a PlainsCapital Company (PrimeLending), proudly offers Green Home Loans, a range of mortgage solutions for homeowners who want to finance environmentally beneficial upgrades to homes they are purchasing or already own. Energy efficient upgrades not only reduce a home’s carbon footprint, they also can increase property values and save money over time. Energy efficiency is a growing concern for American homeowners according to a 2023 study by Thumbtack1 that found 71% of homeowners said sustainability is absolutely a priority for this year’s home projects, yet nearly one-third (32%) still consider sustainable, energy efficient home upgrades too expensive. “Green Home Loans are a huge win for PrimeLending customers by helping to remove financial obstacles to making energy efficient upgrades,” said Tim Elkins, Chief Production Officer at PrimeLending. “We are committed to offering mortgage solutions that align with our customers' goals, such as saving money, increasing property value, and protecting the planet.” PrimeLending’s Green Home Loans are mortgage solutions that allow borrowers to finance certain green improvements, such as: Energy-efficient windows and doors Solar panels or solar-powered appliances Roof, floor, or wall insulation Energy-saving HVAC systems and appliances PrimeLending’s Green Home Loans include FHA, VA, USDA, conventional and renovation loan options and may offer favorable interest rates, repayment terms, and other benefits for the borrower. Consumers can connect with a PrimeLending home loan expert for more information. About PrimeLending PrimeLending is a national home lender combining personal guidance and local expertise with fast service, more choices and the flexibility to meet homeowners’ unique needs. PrimeLending is focused on empowering its customers to pursue their homeownership goals, whether they’re looking to buy, refinance, renovate or build a home. The PrimeLending team works alongside our customers in all 50 states, helping them make home financing decisions and have a rewarding experience along the way. PrimeLending is a wholly owned subsidiary of PlainsCapital Bank, which in turn is a wholly owned subsidiary of Hilltop Holdings Inc. (NYSE: HTH). More information at www.PrimeLending.com. Equal Housing Lender. All loans subject to credit approval. Rates and fees subject to change.

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Spotlight

Tax groups have a meaningful opportunity to enhance the value of their organization’s digital transformation effort. This priority, which involves migrating tax automation to the cloud in tandem with larger enterprise resource planning (ERP) cloud migrations is becoming even more time sensitive. This white paper examines leading

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