What if you could automate your most time-consuming CommPay admin tasks? Stop running reports and uploading files manually, and start investing that time back into other business needs.
It's time to reclaim your firm's most valuable asset: time
When it comes to maximising efficiency in CommPay, what we often hear from administrators and financial planning firms is "I don’t know what I don’t know". In this article series, our goal is to highlight the most powerful, yet underutilised, features that allow CommPay to do the heavy administrative lifting for you.
Let's start with a foundational tool for efficiency: Secure File Transfer Protocol (SFTP).
Before diving into the setup, here’s why implementing SFTP is worth the effort for your firm:
- Streamline manual processes
- Reduce time taken & upgrade efficiency
- Automate recurring tasks
Key automation opportunities
SFTP allows you to employ a powerful ‘set and forget’ automation engine across repetitive and essential CommPay tasks. These include:
1. Supplier revenue files
Eliminate the manual upload process for supplier files. By utilising a nominated SFTP folder, you can automate this task entirely. CommPay will periodically review the folder, grab the files, and push them directly to the ‘Scheduled Uploads’ screen for you. These files are then automatically processed and ready for review the following day. Tools are also available to track the files' progress, ensuring complete visibility.
2. Management and adviser reporting
Physically running each type of Report or Search is a repetitive task that significantly consumes an administrator's time. Instead, use the SFTP automation to schedule an endpoint location for the reports’ delivery. They can be sent via email or another nominated location, ensuring critical management and adviser data is delivered automatically when you need it.
With these automations fully implemented, you can cut out many day-to-day CommPay processes. The automation engine kicks in, delivering significant time back to your team for client-focused work and strategic tasks.
Next steps to setup SFTP
Take a moment to review our community guide for full details and setup steps: Setting up SFTP for Scheduled Statements and Searches.
To all our CommPay Backoffice Administrators - when you are ready to implement our automation, please log a call with the CommPay Support Team via Iress Connect to initiate your SFTP setup.
Note: SFTP set up is functionality for CommPay Backoffice.
Stay tuned for part two of our CommPay article series, coming soon - CommPay Backoffice: Automating the heavy lifting.
Stop wasting hours on repetitive CommPay admin. Invest in setup now, and gain countless hours of productivity back, by letting the automation engine work for you.
