Business Challenge
Your company helps customers open accounts for a variety of financial products. Each account opening requires the customer to complete a form with their personal data, and submit the completed form for processing. However, each form is updated regularly, and it is difficult to keep track of the latest version for your customers, while also ensuring their information is filled out properly to avoid NIGO errors.
The Quik! Solution
This use case is the primary function of the QFE- account types at a large number of financial institutions, including your own. Opening each account requires the sales rep, the client and often back-office personnel to fill out a package of forms, sign and submit them for processing. The challenge is you need an entire library of forms, a library that is constantly growing and changing as forms are regularly updated. Keeping track of the latest version of forms while also ensuring your system continues to work with the updated forms is difficult, if not impossible, without the help of a partner.
Use The Quik! Financial Services Forms Library
Accessing our financial library of over 30,000 forms (June 2017) is one of the most common use cases we help customers solve. Quik! makes it easy to search for forms, select them for a customer, and allow them users to fill out their information quickly and securely. Our API provides web services to return Our API's enable you to display a list of forms your organization is subscribed to, allows a user to select the forms they need, package them , and send them to a customer for completion. Customers Customers can open the forms in their browser, fill out in all the information , and either print to PDF or submit electronically back to your system for processing.
Real-World Example
American Portfolios Financial Services, LLC, and independent broker-dealer, uses Quik! to help their advisors find forms for clients, fill them out, and submit for processing. American Portfolios clears through Pershing, and generates thousands of forms every year using Quik!.Independent broker/dealers are often hearing from their advisors in the field just how difficult it is to find, manage and use forms. By implementing Quik! within the broker/dealers' website users are able to quickly find the forms, add client records onto the form, fill out the forms, e-sign them and submit them for processing.
Applicable Customers
The most common businesses who use Quik! to solve this challenge include those who employ financial advisors who recommend and sell products throughout the financial industry:
- Broker/Dealers
- Clearing Firms
- Custodians
- Money Managers / turn-key asset management programs (TAMPs)
- Banks
- Insurance Agencies (BGAs, IMOs, etc.)
- Credit Unions