Praemium wins best-in-category for Reporting and Data, Integration and Security
Praemium has secured best-in-category awards for the all-important Reporting and Data, Integration and Security categories in the latest Investment Trends Platform Competitive Analysis and Benchmarking Report. Praemium also took out 18 sub-categories, the second most of any platform and an improvement on last year's result, comfortably retaining no. 3 platform overall.
A truly great reporting platform
Advisers have been telling us how strong our reporting is for years, so we were delighted to be rated the no. 1 platform in the Reporting service excellence category.
The reporting category included 8 sub-categories and we ranked first in 5 of them:
- Report generation - based on the flexibility of Report Builder and the scalability of Report Publisher to push thousands of reports directly to investors with the push of a button.
- Advice documents - with our unparalleled breadth of out-of-the-box reports, backed by hundreds of customisation options
- Investor correspondence - with direct to portal publishing and personalised client email notifications
- Business reporting - which covers dealer group, adviser and revenue reporting, with access controlled at the user level.
- Advanced analytics/tools - an important category that includes export to BI tools as required, machine learning and AI capabilities,
Superior integrations driving accuracy and efficiencies
By enabling seamless access to consistent and accurate data, across all asset classes, Praemium’s integration capability delivers numerous benefits that enhance decision-making, operational efficiency, and overall business performance.
Since 2020, our market-leading API and non-custodial asset capability has given us a strong competitive advantage, especially in the high-net-worth investor segment, where non-custody investing is considered important by the majority of HNW advisers.
Investment Trends singled us out as best in class for our ability to push data to other systems, such as accounting software, and to pull data from most planning platforms out there.
Ranking as the top API solution for yet another year is a credit to our integration engineers, who oversee a customer-centric dedication to ensuring the data you need is securely sourced and reconciled.
Given our history in meeting the needs of advisers servicing a high-net-worth clientele, we again ranked first for the non-custodial assets sub-category. Based on a seemingly inexhaustible list of broker and bank links, your investor’s non-custody assets are updated and reconciled every day, so you can trust in the data.
Sub-category awards
In this year’s report, we secured first place in 18 separate sub-categories. Our focus is on delivering the functionality that best supports our clients, the fact that we have increased this number for another year, is a testament to the quality feedback we receive from our clients and the dedication of our teams to continuously improve to meet these needs and recommendations.
Helping advisers improve efficiencies in their business has been a key focus for Praemium since our inception, so it was pleasing to see a strong showing in technology categories designed to increase productivity, including:
- Calculators and modelling
- Online business management
- Online permissions
- White labelling, and
- Workflow visibility.
Find out more about our platform.