VT Finance Force Add: Enhancing Salesforce for Financial Institutions

VT Finance Force Add is a suite of managed packages designed to enhance the functionality of Salesforce for financial institutions. It addresses the unique needs of banks, credit unions, insurance companies, and wealth management firms by providing tailored solutions for managing customer relationships, streamlining processes, and improving overall efficiency.

Core Features and Benefits

The VT Finance Force Add focuses on several key areas:

• Enhanced Customer 360 View: VT Finance Force Add consolidates customer data from disparate systems into a single, unified view within Salesforce. This provides relationship managers and other financial professionals with a comprehensive understanding of each customer’s financial profile, including accounts, investments, insurance policies, loans, and more. Access to this holistic view empowers them to provide more personalized and relevant advice.
• Streamlined Account Opening and Onboarding: The add-on offers automated workflows and digital forms to simplify the account opening and customer onboarding process. This reduces paperwork, accelerates processing times, and improves the customer experience. It allows institutions to collect necessary information securely and efficiently, while also ensuring compliance with regulatory requirements.
• Compliance and Regulatory Support: VT Finance Force Add includes features designed to assist with compliance with regulations such as KYC (Know Your Customer), AML (Anti-Money Laundering), and GDPR (General Data Protection Regulation). It provides tools for data validation, audit trails, and reporting to help financial institutions maintain compliance and minimize risks.
• Loan Origination and Management: The package provides functionality for managing the entire loan lifecycle, from application to disbursement and repayment. This includes features for credit scoring, loan pricing, and automated loan servicing, enabling institutions to streamline loan processing and improve profitability.
• Wealth Management and Investment Tracking: For wealth management firms, VT Finance Force Add offers tools for tracking client portfolios, managing investments, and providing financial planning services. It integrates with market data providers to provide real-time investment information and analytics.
• Automated Workflows and Processes: The add-on leverages Salesforce’s workflow automation capabilities to streamline common tasks such as lead routing, customer service requests, and compliance approvals. This frees up staff to focus on higher-value activities and improve operational efficiency.
• Reporting and Analytics: VT Finance Force Add provides robust reporting and analytics capabilities to track key performance indicators (KPIs) and gain insights into customer behavior. This helps financial institutions make data-driven decisions and improve their overall performance.

Implementation and Customization

VT Finance Force Add is designed to be easily implemented and customized to meet the specific needs of each financial institution. The managed packages can be configured to work with existing Salesforce implementations and integrated with other systems. Implementation services and training are typically provided by VT or its partners.

Conclusion

By providing a comprehensive suite of features tailored to the financial services industry, VT Finance Force Add empowers financial institutions to leverage the power of Salesforce to improve customer relationships, streamline operations, and drive growth. Its focus on compliance, automation, and data-driven insights makes it a valuable tool for any financial institution looking to enhance its competitiveness in today’s rapidly evolving market.