S.No. |
Comparison Points |
FinnSys |
Other MF Software |
1. |
Server Point |
FinnSys is completely online, with installation on your own domain & hosting. |
Generally available along with an offline software, online access to admin / investors of admin are provided on Software vendor’s website.
|
2. |
Data Security |
Since the domain and hosting is owned by the user there is No risk of Data compromise. |
Risk of data compromise as hosting is in the control of the vendor.
|
3. |
Users & Logins |
- Unlimited Client Logins
- Unlimited Branch Logins
- Unlimited R/M Logins
- Unlimited Group Logins
|
- Normally they charge per user or per branch
- Generally they sell two different versions - Single Users and Multi Users
|
4. |
Financial Planning |
FinnSys provides integrated Financial planning, Investor Risk Assessment, Asset Allocation on the basis of Risk Assessment, Goal Tracking, Investments Mapping to Goals and MIS facility. |
Integrated Financial Planning feature not available. |
5. |
Data Updation |
Being completely online, it allows the data updation from any computer around the globe. |
The online versions gets updated from the offline version, hence data updation is specific computer dependant. |
6. |
Cost |
FinnSys is extremely affordable, with fixed package costs.
|
Other software with similar features comes at much higher cost.
|
7. |
Support |
Robust online back office customer service. No physical presence required for support. |
Being offline & online, physical intervention required for support. |
8. |
Easy of Use |
FinnSys is extremely simple to use. |
Usage is cumbersome and tedious |
9. |
Data Entry |
Supports both manual entry and data import through mailbacks (from Registrars)
|
Supports both
|
10. |
Product face & MIS reports |
Simple to understand reports as per actual market demand. Only specific and intuitive day to day MIS reports are provided like AUM, Investor Capital Summary, P+L, Tax statement, Brokerage Received, Brokerage Payable to Sub Advisors, etc.
|
Flooded with MIS reports which are mostly not required or viewed by the users.
|
11. |
Subscription charges to clients |
Includes Subscription module with Renewal Management for Clients who wish to accept subscriptions / annual consultancy charges etc from their Investors.
|
Not Known
|
12. |
Alerts / Reminders |
Other important tools & features are available like the Family Account creation and Capital Summary of the family, Alerts (on Investor B’Day & Anniversaries), SIP/STP closure Alerts, Insurance Expiry Alerts, MF Scheme maturity Alerts, Insurance Premium and SIP/STP installment Alerts, Customized alerts for investors etc.Also features like daily NAV / stock price updation, Investor panel color customization, Back up / restore database etc are available.
|
Not Known
|
13. |
Versions |
Single Versions for all users with free upgrades feature
|
Hidden features to charge higher for higher version
|
