FAQ

Easy Monitor is a complete Australian Financial Services Licensee (AFSL) Operating Platform that empowers groups to oversee the operational integrity of key stakeholders, including Authorised Representatives (AR’s), Suppliers and Staff. Relevent license management information is efficiently recorded in a central location about stakeholders, including notifications to identify potential regulatory issues, from onboarding, and throughout the ongoing management relationship.

Time savings will be noticable from the moment you onboard new Financial Advisors to your group. The swift onboarding process delivers accurate, verified due diligence and vetting of your people – average onboarding reduces from 3 months to 2 weeks. This means you’ll dramatically reduce the revenue lost during transition time, moving swiftly to revenue generation for your group and the Financial Advisors you recruit.

You can expect your group oversight costs to reduce ongoing by up to 70%, because most of the information you would normally gather as part of site visits and by email, will be coming back to your Easy Monitor dashboard, providing you critical analysis and reporting about operational integrity. You will quickly identify who is falling behind the standards and where they are lagging in performance, enabling you to be proactive with coaching and guidance rather than revealing by chance, or after the fact. Discovering breakdowns too late can lead to reputational damage and costly regulatory fines that may be difficult to recover from. This is where the value of Easy Monitor really excels

All regulatory and audit data is stored centrally, in the cloud, to reduce your risk with one source of truth. You don’t have to worry about manual back-ups, storing files on external devices and whether or not historical records are actually usable. Easy Monitor has you automated at every level, with easy look-back of records. Interactions in the system are automatically archived for you, with complete records recoverable, even after people leave your group. If ever issues blow up down the track, you’ll be in control to report the interactions and methods used to indicate your operational integrity at every step.

Currently there is an overwhelming amount of data collected across a number of siloed, often expensive, and inflexible systems, making it difficult to identify trends or receive operational insights, without a lot of manual interaction, analysis and reporting. Too many unintegrated systems is costing you dearly, in time, money and potentially risking your organisation. The Easy Monitor Team will work with you to identify your processes and preferred systems, and integrate those that are important to you. Integrations with advice creation tools (for example) empower you to oversee the advice and services being delivered on your dashboard as they occur, placing you in the strong position of knowing what is happening at the coalface, in real time.

Firstly, many of us in the Easy Monitor team have a strong work history in financial services, operating AFSL’s and as AR’s, so you will be dealing people that can relate directly to your day to day operations.

We are not the external vendor you’ll never see. You’ll get to know our team from Director level down to the Software Engineers. That means we can advise you on a personal level, and you’ll receive flexible support with quick access to people that will mould Easy Monitor’s features to the unique way you operate.

Your group’s implementation and set up will be handled by our team, including connectivity. We will require you to provide initial data and perform some testing, but we take on all the legwork, including post-implementation support. This ensures there is minimal time and stress or pressure for your team. Time-frames to implement will vary from group to group, depending on the level of customisation required, but as an example, it took only 2 weeks to implement, migrate and onboard a team of 82 Advisors in an AFSL.

Importantly, we’ll improve your processes as we implement, so every stakeholder will benefit with time and cost savings.

NB. External System Integrations may take longer depending on their flexibility and API capability.

The founding owner, Leigh Anoos, wanted to solve the operational and reporting problems she personally experienced managing an AFSL and as an AR, hence created Easy Monitor.

We exist to help small to medium AFSL’s to become one of the few that truly thrive, despite today’s environment of revenue challenges and regulatory pressure. We do it by providing an advanced licensee operating platform.

So much data across so many systems is part of the problem, because there is a lot of double handling of data that is complex to decipher. That’s why we will work with you to work out which systems are most important for you, and bring the data into one place for ease of reporting and analysis.

We have excellent API capabilities to connect your current operational systems. This will ensure you have full, dashboard control, to understand how your stakeholders are interacting and performing, with click-through drill-down to a granular level, providing unprecedented operational insights.

Your investment to improve your operational efficiency will vary according to the level of set up, customisation and users required, but as a guide, pricing starts at $25 per week, per user.