Research & Analysis Web Application

Client Overview

Defaqto Ltd are a leading independent product research business who originate, evaluate and distribute a vast array of product information exclusively to the financial services industry.

Requirements

To help deliver an expandable, efficient back office system to automate processes, data collate and report. To help research, technically specify and develop new products to help form Defaqto’s lead in cutting edge research tools.

Issues

Defaqto's previous research tool did not provide real time, up to the minute data. Reports on trends, valuable competitor analysis and statistics could not be generated.

Previously Defaqto sent a CD containing the data to IFA’s and providers once a month. MDB helped to replace this process with a web-based application, transmitting the most current data, updated 3 times daily.

Solution

Three products were developed, each providing a critical solution to Defaqto’s needs.

  1. Aequos Online 
    An advanced Internet application, offering real time access to financial products and services through the most comprehensive database. 
     
  2. Aequos Engage 
    A next-generation product research and analysis solution for advisers, built on the latest technology and updated daily with real time data. 
     
  3. Back office research system 
    Defaqto's data management and research system.

Benefits

  • Access to the most up-to-date information
  • Constant access via the Internet
  • Licensing options allowing you to only pay for what you use
  • Advanced search tools and exporting data function to other applications
  • A wealth of reporting mechanisms
  • DNA benchmarking enables speedier analysis and selection
  • Detailed reporting and audit trail supports quality control and compliance
  • Providers utilise the informative benchmarking tools within the database to remain competitive within this buoyant marketplace

Details

As a technology consultant, MDB analysed all existing systems and identified key areas for improvement.

From this analysis a back office system and data delivery system was created, incorporating the improvements identified.

Analysing the current research tools was next. From this analysis two key ‘market leaders’ were produced Aequos Online and Aequos Engage.

Aequos Engage

Using the latest technology, Aequos Engage is updated daily with real-time data. Its flexibility offers offline access, giving users the ability to conduct a product search anywhere and on the move. Managing client relationships became a seamless process with the integration of existing back office CRM systems and web-based quote portals.

Custom-built reports, allow users to itemise the areas required, based on your own and your client’s needs - saving valuable time.

Aequos Engage can sift through thousands of options to find the most suitable product for your client in a matter of minutes. A full audit trail is produced at the end of each search for compliance reasons.

The reporting options demonstrate the system’s scope. Profitability is increased through the time-saving tools. From research to reporting in minutes, all processes - reporting, analysis, recommendation, and review - become faster. Aequos Engage allows users to compare products, funds and fund performance all at the same time.

Detailed reporting includes fund fact sheets, asset allocation breakdowns and suitability letters; all of which can be customised.

This places Aequos Engage as the premier research system to complement the advice service given and achieve best practice.

Aequos Online

Aequos Online offers real time access to the UK's most comprehensive database of insurance product information and analysis. It allows brokers access to the most complete information on general insurance products at the touch of a button.

Aequos Online marries Defaqto's market leading product database with an exceptionally advanced Internet application to give a new and powerful way to access, analyse and share data more flexibly than has ever previously been possible.

Testimonial

"MDB Consulting is a development house with a real flair for providing software solutions and an excellent customer service attitude."

Dr. S. Sandercock, former IT Director, Defaqto

.NET, ASP.NET, SQL Server 2005, C#

http://www.defaqto.com

Skyron Ltd T/A MDB Consulting
The Bradshaw Suite, Paragon Business Park  Chorley New Road  Horwich  Bolton  UK  BL6 6HG
Registered Company No. 4856217 telephone: 01204 696506  email: mbell@mdbconsulting.co.uk

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