FinCalc has developed two-way integration for its cashflow and DB transfer software with Financial Planning and wealth management software solution Iress Xplan.

The two-way integration eliminates the need for data rekeying, lowering risk and saving time for advisers.

Customer data and financial modelling information can now be transferred between FinCalc and Xplan including income, assets, pensions, savings, investments, liabilities and expenses.

The integration will also sync contributions and most recent valuations.

FinCalc reports can also now be automatically uploaded into Xplan.

Financial Planners can also use the FinCalc Client Portal to onboard clients and to get them to complete their personal and financial information directly before uploading this into Xplan.

Jason Wykes, managing director at FinCalc, said: “We want to ensure that advisers have systems that communicate with each other, not only to save valuable time but to make sure that client information is consistently updated across all systems.”

Andrew Foster, commercial director at Iress, said: “This integration helps advisers focus on providing their clients the best advice, without worrying about re-keying errors or spending too long simply inputting data.”

FinCalc is the technology platform created by O&M Pension Solutions. O&M Pension Solutions was setup as a separate company in 2013 as part of the split of O&M Systems, and specialised in the TVC/TVA software and services market.