Australian fintech start-up Accountants Scaled Advice Platform (ASAP) has announced it has integrated an e-signature solution onto its digital advice platform for accountants, which will put the focus back on delivering advice to clients.
Vasco Data Security’s eSignLive will provide the e-signature capability.
A range of documents throughout the onboarding process required the client’s signature, which in a traditional paper-based process would take a number of weeks to complete, ASAP said.
To ensure an end-to-end, efficient digital process, eSignLive e-signature technology has been embedded throughout, including fee and service agreements, as well as letters of authority.
With eSignLive, the entire process to onboard a client could be completed in under a day, ASAP chief executive Jim Hennington said yesterday.
“ESignLive ensures that the whole client onboarding process with ASAP is as streamlined and effortless as possible – for both accountants and their clients,” Hennington noted.
“At the same time, this is a highly regulated and paperwork-heavy industry and eSignLive provides us with the necessary levels of authentication, security, legality and auditability we need for compliance.”
ESignLive president Tommy Petrogiannis said the e-signature solution put the focus on the important part of the process – giving the best possible financial advice to clients – by keeping the time and effort spent on administrative tasks, such as chasing clients and staff members for signatures, to a minimum.
“We are seeing an increasing uptake for our e-signature solutions in the Australian financial services sector, both with traditional financial services firms undergoing significant digital transformation programs and fintech start-ups like ASAP disrupting the industry with innovative solutions that can be delivered at scale,” Petrogiannis noted.
