NexJ Account Opening streamlines the entire process of opening new financial accounts in NexJ Contact for Finance. It automates the account opening process from start to finish, including guiding the front office data capture and validation process and the co-ordination of back office account review, approval, and maintenance.
Key capabilities of NexJ Account Opening include:
- Dynamic data collection based on account type and account ownership
- Flexible rules to validate, track and resolve critical and non-critical errors and deficiencies in the account application data
- Separate business logic for Account Approval, Rejection, or Abandon actions
- Comprehensive reporting and auditing of changes during the account application process
- Specific workflows for account-related actions including Account Opening, Maintenance, and Data Deficiency Resolution
- Ability to launch additional actions such as Fee and Payment Schedule Notification, Account Transfers, and Trade Instructions
- Flexible security for all process participants based on user role and privileges
Customers use NexJ Account Opening to reduce the client on-boarding timeframe from days to hours, so they can increase customer satisfaction and speed the time for asset conversion.