With the recent increased popularity of Self Managed Super Funds, a lot of practices are starting to realise the huge opportunity to offer tailored advisory services to their client base. With any increased capacity, comes increased admin stress on a business, which is where Practice Ignition can help.
Government regulatory changes, as well as frequent changes to laws around SMSF makes it imperative to have a clear agreement between you and your clients before you offer ANY advice.
Practice Ignition was designed to eliminate friction around client agreements so that you can get on with the real work – looking after your clients.
This is no different when it comes to your non-business clients, especially when you are dealing with such a heavily regulated industry. With PI you can create a smart proposal in minutes which includes an inbuilt electronic signature and a secure payment gateway to ensure you get paid on time, every time.
If you are like many advisers at the moment, you are seeing a record volume of Self Managed Super Fund enquiries coming through your door, all which need to have a solid agreement with scope to update the terms on a regular basis with yearly renewals at the very least!
Practice Ignition offers bulk proposal creation services free of charge to new and existing users who want to offer a standardised service offering to their clients.
In under 10 minutes you can have dozens, hundreds or even thousands of SMSF proposals created and sent out to your clients, ready for signing with payment collection enabled.
Here’s how it works:
So what does a SMSF Smart Proposal look like to your clients?
Your client experience is one of the most important aspects of your business so It’s important to understand how your client interacts with their proposal. Let’s take a look at a completed PI Smart Proposal and go through some tips and tricks on how to get the highest acceptance rate.
In this example, we are simply offering our clients a single SMSF Compliance Service plus a SMSF Audit service, both paid monthly via the PI Payments feature.
The first page outlines the value we are offering our client with a brief description of the services within the Smart Proposal.
The second page makes sure the client knows exactly how much they will be paying for their services. In this case, services are billed monthly.
Here your clients are able to enter their Credit Card or Bank Details which are stored securely. Each month on the billing day of your choice, the funds will be debited from your client’s card or bank account automatically.
Finally, your client’s signature is captured electronically and the proposal process is complete!
Brendan was catapulted into the accounting software ecosystem in 2014 when he joined the PI team. After a whirlwind 6 months in the Sydney office, he was shipped off the the UK to set up the successful PI HQ in London, before returning to his home in Sydney in 2018, rejoining his Aussie peers. Outside of PI life, he enjoys cycling, going to the gym and the occasional blast around the race track in his Renault Clio.
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