When it comes to capturing your business data, which is your go-to method? Do you prefer the tangible element of paper documents and physical files, or is the ease and convenience of digital management more your style?
Getting it down on paper
While it might seem old-fashioned in today’s modern context, there is still something to be said for the simplicity of pen and paper:
- It is more personal. Handwriting documents and taking notes on paper can help give a more personal touch.
- It is easy to use. Paper-based systems are simple to manage, with zero technical knowledge needed.
A simpler way of capturing data, and some might say, a more personal one too. So, what do digital systems have to offer in the way of benefits?
Making the move to digital
While it’s true that upgrading from a paper-based system to a digital client relationship management system can be time-consuming at first, the benefits are more than worth the initial effort:
Being able to analyse your data quickly and efficiently means you’ll be able to comply with industry standards while improving your decision-making.
Maintaining a database becomes simpler and easier with digital data management, from installation and updates to security and recovery as well.
With digital data management, your business will stay agile and flexible, able to cope with unforeseen challenges and recover quickly in the face of change.
Once you’re familiar with the system, you’ll find entering, checking and retrieving data to be quicker and easier than ever before.
No more flipping through endless files –you will be able to access any and every report you need in seconds, and in real time.
Although paper can’t be hacked, it can be copied, lost, damaged or destroyed, while digital data can be encrypted and safely stored on servers, disks or devices.
No need to courier documents – now you can share them easily in and out of the office at the touch of a button.
Digital files do away with are easy to track, correct and update for a clear audit record.
What’s more, upgrading to a digital data management system will help to reduce data collection time, reduce analysis and distribution time, and do away with the significant administrative burden that paper-based systems can create. In this way the room for error is reduced through automation, while tracking, processing and auditing become faster, and more accurate.
Going digital with Carrick Prime
If you’re looking to grow your advisory practice, a good first step might be to consider the benefits of digital data management over paper-based systems. A better second step might be to do so with
Carrick Prime – the client relationship management enterprise software solution utilised by Carrick Partners.
Offering an all-in-one business solution, Carrick Prime uses the power of real-time data, analytics and metrics to help support and allow you to grow your business. Specifically tailored to help reduce business risk while increasing efficiency, Carrick Prime is more than simply software – it’s your partner in successful business management.
With exclusive access to Carrick Prime, not only will you and your practice reap the rewards of effective data management, you’ll also benefit from:
- Precise one-page client portfolio valuations
- Real-time data analytics for business tracking
- Secure, compliant, digital record-keeping
What’s more, you’ll also benefit from being part of the Carrick Partners team – a global wealth management organisation offering the operational support, training and marketing you need to increase your revenue and assets while reducing your risk and complexity. It’s help, it’s support and it’s experience – everything your practice needs to flourish and succeed in the digital age. Digital data management – it’s not just the way of the future, it’s the way of your future as well.