Rubik Financial Ltd has signed a new three year contract with existing Coin client Morgans and completed an upgrade to Version 4.6 in a seamless transition. Morgans is Australia’s largest national full-service retail stockbroking and wealth management firm.
Morgans has also selected Rubik’s client engagement and rapid advice tool Provisio – in order to allow financial planners to enhance their service offering and cater for comprehensive and scaled advice – and will have access to Coin Connect.
Coin Connect is Rubik’s online web application that gives advisers access to their existing client database, allowing them to view and modify details, and check client portfolio information. In addition, Morgans will continue with two existing projects relating to data flow and data feeds.
The timing on the new contract signing means Morgans will also benefit from the most comprehensive overhaul of Coin’s insurance capability since its inception, including expansion of insurance product research coverage, enhanced premium calculations and validation, improved reporting capabilities and greater search and filtering options.
Iain Dunstan, CEO of Rubik said: “Morgans were the first institutional client to sign on for Coin more than seven years ago. With the decision to renew for an additional three years, Morgan’s 170 Authorised Representatives across its 60 branches nationally, will benefit from the upgrade and new hosting arrangement.
“Rubik possesses an intimate knowledge of all aspects of its software so naturally, Rubik is best placed to manage it”, Dunstan said.
“We are able to ensure the timely delivery of upgrades, new features and enhancements – providing Morgans with access to innovative features and functionality as they become available.”
Brian Sheahan, Managing Director of Morgans said: “This continues our long-standing relationship with Rubik – we are confident that our upgrade to Coin Version 4.6 will deliver an enhanced usability and efficiency process that will provide superior financial advice to our extensive client base.
“By outsourcing the management and maintenance of Coin to Rubik, we can focus on our strengths and optimise the service we provide to our Morgans’ clients.
Benefits of the upgrade are already being realised.
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Rubik continue to progress two additional projects with Morgans relating to data flow and data feeds.
When completed, the first project will enable data from Morgans proprietary CRM System, Calypso, and direct holdings and investment information from Wealth+ to feed directly into Coin.
The second project due to commence testing shortly will allow a customised data feed from one of Morgans preferred superannuation platforms directly into Coin. Establishing a data feed before hosting was challenging – this new arrangement provides Morgans with further leverage to approach providers to obtain data feeds required.
Rubik Financial Limited (ASX:RFL) is the largest Australian Financial Services software house by Client numbers, servicing 110 out of 171 Australian ADIs.
The company provides a portfolio of cloud-based software solutions across the Financial Services Industry, including financial planning software, mortgage broking software, and a suite of banking solutions to ADIs.
Rubik is ISO 9001, ISO 27001 and NoCO2 certified.
For more information please contact:
Rubik Financial Limited