A Midwest Broker-Dealer of insurance and retail investment products found its aging, inefficient platform for internally managed systems falling short. They searched for a partner who could provide an overall system upgrade with a robust solution for their internally managed compliance and commission processes. Given the corporation’s business style and corporate processes, they required a highly collaborative partner flexible enough to adapt to meet their business needs, instead of expecting the Broker-Dealer to adapt its needs to suit the vendor’s capabilities. They chose EAI.
EAI’s key tasks were to detail, map, and implement comprehensive, streamlined processes for compliance and commissions, using EAI Data Management Vault as the the hub of operations. The Vault would serve as the central systems solution in and out of which all compliance and commission information to and from multiple internal systems would travel.
After a complete review of the client’s complex internal compliance and commission structure, EAI helped the Broker-Dealer:
EAI Data Management Vault now acts as the central hub for all incoming data funneled to the Broker-Dealer's commission and compliance systems.