Provisio offers a range of advice modules that work both independently and together to provide a complete Rapid Advice Delivery solution. Whether you use Provisio on the desktop, the web, or in the cloud, the same powerful Provisio calculation engine gives you consistent and accurate results.
Provisio is used by superannuation funds offering defined scope or intrafund advice consistent with Regulatory Guide 200, as well as Independent Financial Advisers.
Backed by Years of Advice Experience
Developed by practicing financial advisers and superannuation industry experts, Provisio makes the advice process faster, easier, and more accurate.
We work in your industry, understand your needs, and know the shortcomings of other solutions. We benefit from Provisio's efficiency gains and cost savings, because we use it ourselves daily.
Scalable and Easily Integrated
Provisio lets you start small, think big, and scale fast. It works equally well on an adviser's laptop, in the cloud, or or in an enterprise environment where web member self-service tools are integrated with an adviser call centre. No matter what the size of your organisation, Provisio gives you the tools to provide high value advice to more clients.
Key Features
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Provisio exports strategy results to Microsoft Word SoA templates, PDF forms, or Excel. Provisio includes sample Word SoA templates, and you can create your own templates to your organisation's communications and branding requirements. You have full power over the layout and content, and Provisio inserts key client data.
After you run a Provisio projection, you select the template you want to use. Provisio then:
- Inserts strategy data within text, diagrams, headers and footers
- Produces tables of figures such as annual amounts for each projection year
- Places Provisio graphs at any location
- Removes sections of the document based on client-specific conditions
- Customises text based on client-specific conditions (e.g. "The strategy does not affect your net income" vs. "The strategy increases your net income by $13,482 pa.")
- Pre-populates client forms for convenience
To see how easy it is to generate a Statement of Advice, view our SoA in Seconds video.
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Exports to Word, PDF, and Excel
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From its first release, Provisio has enabled advisers to generate client-ready SoAs in Microsoft Word. Now, Provisio exports to PDF templates, enabling you to pre-populate client forms both for their convenience and to ensure accurate data on forms such as letters to payroll or investment choice switching.
All Provisio calculations can be exported to Excel for both the "before" and "after" projections. This provides full visibility of Provisio's calculations and allows access to figures for further modelling or use in other applications.
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Roundtrip Document Editing
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Have you ever edited a client document in Microsoft Word, then realised you needed to re-do the calculations? Or perhaps you just want to update an annual review document from last year. This kind of task used to be a major time sink.
Unlike other software which forces you to overwrite or create new documents when you export, Provisio can take an existing client document, and merge any updated figures, graphs and tables from Provisio - without losing any of your edits.
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Faster Fact-Finding
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Designed from the ground up for Rapid Advice Delivery, Provisio provides you with powerful modelling tools in a simple and efficient package.
- Speeds up the fact-find process by requiring only the data relevant to that advice type
- Ideal for use as a point-of-sale tool to quickly quantify strategy benefits with a client
- By optimising financial strategies, eliminates the need for the adviser to work through complex calculations manually
- Produces a customised Statement of Advice in seconds
- Enables you to incorporate high-value personalised advice into member or client statements, such as a living retirement plan
- Pre-populates forms, so clients don't have to fill out the same information repeatedly
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Knows Your Clients
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Proviso integrates with planning/administration systems to access existing member data for Provisio projections, accelerating the fact-find process.
Furthermore, Provisio retains a full history of client advice, for centralised auditing and compliance. It can even store partially-completed strategies for further work at a later date.
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Knows Your Fund
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For Investment Choice and Insurance advice, Provisio is configured with your fund's specific investment options and insurance details.
For investments, this includes the investment option names, their underlying asset classes, and their range of expected returns. For insurance, it includes premiums, benefit limits, waiting periods, and qualification requirements such as age.
You have full control over the options available, as well as how Provisio determines its recommendations.
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Compliant with Current Legislation
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Remaining compliant with legislation is of key importance. To ensure that calculations and projections are based on the most current super and tax rules, Provisio regularly checks for updates, notifies you when they are available, and installs them quickly and easily.
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Supports Part Year Advice
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In the real world, few strategies actually start on 1 July. Provisio is intelligent enough to begin strategies at any date, and lets you specify options for how pro-rata amounts are handled.
When starting a part-year strategy, Provisio calculates pro rata and provides an implementation strategy for the remainder of the financial year.
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Handles Complex Scenarios
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While we strive to simplify the advice process, we also recognise that complex situations require powerful modelling tools.
Provisio not only allows modification of all assumptions and details of a strategy, but also allows annual adjustments on parameters such as contribution and salary sacrifice amounts.
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