FUNDHOST123 is an online service designed to make the task of completing managed fund application forms faster, simpler and less frustrating.
Fundhost123 provides a range of benefits:
Investors enjoy a simpler and faster application process, saving time, reducing the potential for errors or omissions.
Investment Advisors can provide their clients improved service levels.
Fund Managers can track incoming applications, and benefit from faster access to cleared funds.
Fund Administrators can process investors' completed applications more efficiently, with electronic data upload reducing errors and delays.
Fundhost123 includes an online identification (AML & KYC) module to allow the investor's address to be verified, and other identity documents, such as driving licence, to be confirmed online in real time. Scanned copies of documents can be uploaded and attached to the application form, or if required printed and sent by post.
Fundhost123 is hosted in a secure server environment featuring SSL security and dual level password protection to safeguard investors' privacy and personal information.
Everyone wins with Fundhost123 - the online service which makes completing application forms for managed funds and financial products as easy as one, two, three.
Whether you are completing an application form for the first time or the fortieth, it always seems to be a tedious and confusing process.
There are multiple pages and sections of the form to complete, and frequently the information has to be repeated. Depending on the type of investor (individual, partnership, company or trust) different information is required. The increased requirements for fund Managers to conform to AUSTRAC requirements with each investor's proof of identity to satisfy Anti Money Laundering (AML) and Know Your client (KYC) legislation complicates the process further.
There's no one to tell you if you have made a mistake, omitted to tick a vital box, or attached the correct documents. As a result many application forms aren't processed in time for cut-off, so the application money sits idly in a custodian's bank account not earning interest.
Fundhost123 changes all that.
Once you have logged into a secure server you can complete the application online. Fundhost123 uses a rules based system, making sure you only see and complete the relevant sections and questions of the application form - whatever your investor type.
Fundhost123 has an optional AML/KYC identity module which allows investors' addresses and a range of identity documents to be verified, and confirmed online. Any additional documents required can be printed, signed and sent in the mail.
Once completed application forms are held on a secure server and processed electronically, with a printed copy available if required.
As we said, Fundhost123 makes completing online application forms as easy as one, two, three.
Many fund managers don't realise how complex and confusing their fund's application process is until they have to complete an application for themselves.
Fundhost123 has been designed and developed to make the task of completing managed fund application forms faster, simpler and more efficient. And faster, simpler and more efficient applications mean happier investors, fewer delays in processing, and ultimately a smoother business process.
No one benefits from having an investor's application delayed while the documentation is sorted out, and the application money sits in the Custodian's bank account, rather than as units in the fund.
Fundhost123 changes all that.
Fundhost123 provides a rules based online application process customised to reflect each fund's brand and application form. Investors only see and complete the relevant sections in each application form as Fundhost123 guides them through the process, eliminating errors and omissions wherever possible.
Fundhost123 includes a secure AML and KYC module to allow each investor's identity to be confirmed, with documents such as driving licences to be verified online in real time. Scanned copies of additional documents can be uploaded and attached with the application form, or if required printed, signed and sent by post.
The completed application is submitted securely online for processing by the fund's administrator, and/or printed for the client's records. If required all documents can be signed and sent as a hard copy with additional and verified documents.
Which allows fund managers and their client service teams to concentrate on their real business: Growing and managing investors' funds.
As we said, Fundhost123 makes completing online application forms as easy as one, two, three.
Processing managed fund application forms, verifying investors' identity, and completing AML and KYC requirements can be a thank-less task.
Especially if the investor hasn't completed the form correctly, has ticked the wrong box (or not ticked the correct one) and failed to sign where required.
Not to mention that some investors' handwriting is not all that it might be, and the correct documents sometimes don't arrive with the application form. All too often, even with the most careful processes, far too many applications are not processed the first time around.
Delays cost time, and time is money. Investors get upset, and fund managers can't earn fees while application proceeds aren't invested in the market. Neither can their administrator.
Fundhost123 changes all that.
Fundhost123 provides a flexible customised, flexible, secure online system for processing managed fund application forms. OLIVIA includes an optional AML and KYC module which can be used to verify the investors' identity, with supporting signed documents provided in hard copy if required.
Fundhost123 uses a rules based process to ensure that investors only complete the sections and questions on the application form that are relevant for each individual fund - whatever the investor type.
Fundhost123's rules, which can be customised to suit each fund's requirements, also guide the investor through the application process, eliminating errors and omissions wherever possible.
Once completed, the final application, with scanned copies of attachments, is saved to a secure server, ready for downloading in electronic format directly into the administrator's registry system.
Illegible handwriting? Not any more.
Errors and omissions? Eliminated.
Re-entering data? A thing of the past.
As we said, Fundhost123 makes completing and processing online application forms as easy as one, two, three.
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Investors enjoy a simpler and faster application process, saving time, reducing the potential for errors or omissions.