MANSFIELD, Mass., Oct. 9, 2018 /PRNewswire/ — Arrayworks, a Boston-based low-code application platform provider, announced today that Baystate Wealth Management, a Registered Investment Advisor headquartered in Boston has deployed the Arrayworks’ Transformation Acceleration Platform (TAP) to digitally transform their onboarding and enrollment experience.
The initial launch of TAP focuses on automating the proposal and enrollment process as well as streamlining back office operations.
“We are committed to providing our clients and advisors with the best and most efficient experience possible,” said Tom O’Connor, President and a founder of Baystate Wealth Management. “Using the Arrayworks platform has allowed us to create a unique and scalable solution. This offers Baystate Wealth Management a true competitive advantage within the financial services industry.”
Key Benefits of Baystate Wealth Management using the Arrayworks Transformation Acceleration Platform include:
- Advisors can now create digital profiles, complete and auto-score risk tolerance questionnaires, generate digital documents to open and fund client accounts as well as make them available for e-signing, eliminating errors and shortening the account opening process.
- Baystate Wealth Management’s operations team can easily monitor and track all processes related to the opening and funding of new accounts. Role-specific dashboards provide the insights and controls needed to make sure nothing is missed or unnecessarily delayed, delivering operational efficiency and accountability across the entire team.
“We are thrilled that Baystate Wealth Management has chosen Arrayworks to guide their digital initiatives. The business landscape is changing faster than ever before, and companies must remain agile and adaptable,” said Gordon Earle, Founder and CEO of Arrayworks. “We empower companies like BWM to streamline their operations, maximize their resources and provide their clients with a superior experience.”
About Baystate Wealth Management
Baystate Wealth Management is a Boston-based, federally registered, investment advisor with over a $1 billion of assets under management that custom builds portfolios for high net worth and ultra-high net worth individuals, professional athletes, closely-held and family businesses, pension and profit-sharing plans, foundations, endowments, trusts and other entities.
Both business and IT leaders rely on the Arrayworks Transformation Acceleration Platform (TAP) to achieve their digital transformation objectives. On premise or in the cloud, the Arrayworks platform delivers sophisticated solutions – quickly, easily and cost-effectively.
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