Genovo: Iress Open Standard Integration

[melanie.meadwell]

Integration overview

This is a standard integration which means that it was built by the third party to connect to your Xplan site via the standard integration template.  Iress do not charge for this service and it can be enabled by your own site administrator using the Iress Open setting within your Xplan site.

• Integration overview
• Integration summary

Integration summary

Genovo is a highly customisable and easy-to-use online suitability report writing app for financial planners & paraplanners who want to provide their clients with a more reader-friendly & engaging report.

Software type: Advice

Locale: UK

Contact details for integrator: support@genovo.co.uk

Website for integrator: https://www.genovo.co.uk/

Description provided by the integrator:

Genovo is a highly customisable and easy-to-use online report builder that provides the perfect
balance of personalised user input and time-saving automation. An intelligent workflow guides the
user through the report building process, prompting them to provide the ‘how and why’ required of a
compliant suitability report.

Genovo’s packed full of features designed to save you time, keep you compliant and enhance your
brand. Here are just some of the key reasons why you should consider using Genovo.

Reader-friendly report

Improve your client experience and enhance your company’s brand by providing your clients with
professional, reader-friendly and engaging reports.

Download an example investment suitability report 
Download an example pension switching suitability report  
Download an example MiFID II friendly review report 

Compliance confidence
Peace of mind that your reports include everything they need to for any given advice scenario and the
content is being constantly kept up to date for you.

Timesaving

Pull data from other industry software and centrally managed data libraries to create highly
personalised reports in a fraction of the time it takes when using more traditional methods like Word
templates.

Highly customisable

Customise your workspace and reports to reflect your company’s brand and advice service, as well as
your individual content preferences.

Comprehensive solution

Write suitability or annual review reports for private, corporate and trustee clients covering an
extensive range of financial products and advice scenarios.

View a summary of what’s covered by Genovo 

Truly scalable

Designed for companies of all sizes from individual advisers and paraplanners to multi-adviser
companies and multi-company networks and service providers. Content can be centrally managed to
help promote greater consistency and ensure better compliance outcomes.

High level security

We are committed to helping our users with their ongoing data protection journey by providing
robust privacy and security protections built into our service and contracts. A commitment best
demonstrated by the fact that we are an ISO 27001 accredited company. 

Once activated, the integration will allow you to:

- Seamlessly pull client data from XPlan into Genovo.
- Update integrated client data at any time.
- Convert an existing client you've previously saved in the Genovo Client Library into an integrated
client, and update their details.
- Pull details of a client's pensions, investments or protection plans and mortgages, as well as their
underlying investment holdings into a report with just a couple of clicks.
- Update integrated plan data at any time, for example at the client's next annual review.

 Setup instructions

Integrations are a connecting doorway between two systems and you will need to enable these from both the Iress Xplan and the Third Party integrator side before they can be used.

In Xplan: 

This integration follows the Standard Integration pattern:

• If you manage your own site: You can enable the integration yourself using this guide. Note that this must be undertaken by your site administrator.   
• If you are part of a network or dealer group: Please refer to your organisation’s support team who will undertake this on your behalf.
• If you outsource your site administration to Iress:  This integration has been enabled. Terms and conditions are included in your managed service agreement. For details, see our website under Integrations available via Iress Open (Xplan and Private Wealth). 

In your third party integrator software: 

The Third Party has supplied this setup guide.