Finance

Changing client demographics and expectations, constantly shifting compliance regulations, increasing competition from digital disrupters: These are just a few of the issues keeping wealth management leaders awake at night. Smart Communications can help you navigate these new challenges and find success by automating two-way, digital-first conversations with clients and financial advisors. Here are 8 real-world examples illustrating how wealth management companies are working with Smart Communications to grow revenue and build loyalty, while reducing costs and compliance risks.

The rapid pace of change brought on by the current market dynamics has put a spotlight on the communication of business information. Many financial leaders are hampered by an inability to gather and disseminate that business-critical information to the necessary stakeholders at the necessary speed to cope with the rapidly changing business environment. This has greatly impacted their ability to effectively manage and make data-driven decisions. Financial processes like the financial close have long been areas where effective communication is both very difficult and highly important. In a remote working environment, effective communication became even more crucial to the business.…

Companies that successfully leverage technology to harness data faster and more effectively are best positioned for success. Complete and accurate data allows organizations to respond to changing market conditions with little notice and seize growth opportunities ahead of the competition. But accessing this data requires adopting a “Finance and Accounting first” mindset. While finance and accounting (F&A) transformation has traditionally not been prioritized as compared to customer-facing functions, leading transformation with F&A allows organizations to pave the road to a reliable data foundation and enable deeply informed decision-making.