Many wealth management firms are scrutinizing their business processes with an eye to automation, since manual processes
like client onboarding and updating are expensive, labour intensive and error prone. As a result, automating business processes
has become a high priority project with many firms. For many wealth management firms, this has started a “buy versus
build” discussion. Why not just have your in-house team build a business process management solution to automate your
onboarding? Industry experience, solution flexibility, and faster implementation time are among the reasons to work with an
experienced onboarding solution provider. The alternative can be an expensive and inflexible proprietary system which cannot
keep pace with changes in the field of client onboarding.