Defaqto Ltd
Research & Analysis Web Application
Client Overview
Defaqto Ltd are an independent product research business who originate, evaluate and distribute a vast array of product information exclusively to the financial services industry.
Requirements
To deliver an expandable, efficient back office system to automate processes, data collate and report. To help research, technically specify and develop new products to help form Defaqto’s lead in cutting edge research tools.
Issues
Defaqto's previous research tool was not efficient enough and did not provide real time, up to the minute data. Reports on trends, valuable competitor analysis and statistics could not be generated.
Previously Defaqto sent a CD containing the data to IFA’s and providers once a month. MDB replaced this process with a web-based application, transmitting the most current data, updated 3 times daily.
Solution
Three products were produced, each providing a critical solution to Defaqto’s needs.
- Aequos Online
An extremely advanced Internet application, offering real time access to financial products and services through the most comprehensive database.
- Aequos Engage
A next-generation product research and analysis solution for advisers, built on the latest technology and updated daily with real time data.
- Complete back office system
Defaqto's back office system on which the entire company is built. A strong foundation was created to withold this immense back office system.
Details
MDB helped increase Defaqto’s turnover almost 10 fold. This success story began when Defaqto first requested MDB to evaluate their current office systems.
Developing the role of critical business partner, MDB analysed all internal systems and identified key areas for improvement.
From this analysis a complete back office system was created incorporating the improvements identified. This system is the platform on which Defaqto trade and the business is based.
Analysing the current research tools was next. From this analysis two key ‘market leaders’ were produced Aequos Online and Aequos Engage.
Aequos Engage
Using the latest technology, Aequos Engage is updated daily with real-time data. Its flexibility offers offline access, giving users the ability to conduct a product search anywhere and on the move. Managing client relationships became a seamless process with the integration of existing back office CRM systems and web-based quote portals.
Custom-built reports, allow users to itemise the areas required, based on your own and your client’s needs - saving valuable time.
Aequos Engage can sift through thousands of options to find the most suitable product for your client in a matter of minutes. A full audit trail is produced at the end of each search for compliance reasons.
The reporting options demonstrate the system’s scope. Profitability is increased through the time-saving tools. From research to reporting in minutes, all processes - reporting, analysis, recommendation, and review - become faster. Aequos Engage allows users to compare products, funds and fund performance all at the same time.
Detailed reporting includes fund fact sheets, asset allocation breakdowns and suitability letters; all of which can be customised.
This places Aequos Engage as the premier research system to complement the advice service given and achieve best practice.
Aequos Online
Aequos Online offers real time access to the UK's most comprehensive database of insurance product information and analysis. It allows brokers access to the most complete information on general insurance products at the touch of a button.
Aequos Online marries Defaqto's market leading product database with an exceptionally advanced Internet application to give a new and powerful way to access, analyse and share data more flexibly than has ever previously been possible.
Testimonial
"MDB Consulting is a development house with a real flair for providing software solutions and an excellent customer service attitude. I hope that, should our companies continue to work together, MDB will be available to work on future projects."
Dr. S. Sandercock, IT Director, Defaqto
Benefits
- Access to the most up-to-date information
- Constant access via the Internet
- Licensing options allowing you to only pay for what you use
- Advanced search tools and exporting data function to other applications
- A wealth of reporting mechanisms
- DNA benchmarking enables speedier analysis and selection
- Detailed reporting and audit trail supports quality control and compliance
- Providers utilise the informative benchmarking tools within the database to remain competitive within this buoyant marketplace
.NET, ASP.NET, SQL Server 2005, C#
http://www.defaqto.com