New York, NY, June 30, 2014 – Innovest today announced the release of further enhancements to its Reg 9 compliance and account review functionality within InnoTrust, the firm's flagship trust and wealth management accounting platform. The enhancements to the account review module include customizable question and answer forms, question nesting, automated exception tracking, and online report creation and storage.
These functionality enhancements allow administrators and trust officers to manage the review process from end-to-end with less paperwork and improved efficiency, enabling them to better focus on servicing their accounts and ensuring ongoing customer satisfaction.
"With increasing regulator focus on the importance of performing regular account reviews and keep an online audit trail of activity, administrators need robust and flexible tools to accurately and comprehensively manage the review process," said Glenn Schmidt, chief operating officer of Innovest. "Going beyond the requirements of Reg 9, this new functionality facilitates a comprehensive account review and is self-documenting. Smarter and more intuitive capabilities like automated exception tracking and strategic question enhancements are imperative features needed for account administrator and client success."
InnoTrust is a secure, integrated, real-time trust and wealth management accounting platform provided via a Software as a Service (SaaS) model. InnoTrust is a leading trust accounting system with over $425 billion in assets administered on the platform.
Innovest is a leading provider of financial technology solutions delivered to forward thinking trust, wealth management, and retirement professionals. Innovest's solutions empower its clients to acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results to customers. Innovest has over $425 billion in assets under administration on its trust and wealth management platform, processes more than 4 million payments annually and provides fulfillment services for more than 10 million documents including checks, advices, and tax forms each year. For more information about Innovest, visit www.innovestsystems.com.
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Media: Fraylie Nord