Steer clear of the hype

The key to finding the right back office solution is to focus on technology requirements rather than responding to marketing spin

In years gone by, an adviser could choose a back-office solution from the likes of Linsoft, Finale, Fairs, Mysis and Swift, buy a core product and bolt on the modules necessary for the type of business in which they specialised. The software was traditionally purchased with a capital outlay followed by the small monthly support/license payments on an ongoing basis. Costs were kept relatively low and upgrades were only necessary to increase license numbers or add new modules. How things change. We currently have a handful of software houses competing for supremacy, adding a whole host of l...