27 Apr IntelliFlo Announce Record Year End Results
IntelliFlo, a leading provider of web-based practice management solutions to the financial services sector, today announces audited results for the year ended 31 December 2011.
There were many highlights, including:
• Annual turnover increased to £8.87m, an astonishing uplift of 37% on 2010
• Operating profits for the year at £1.51m despite the large RDR investment made during the year
These results add to the momentum which has been brought through by a major new launch of IntelliFlo’s RDR-friendly Personal Finance Portal which enhances communication between adviser and client and drives efficiency and transparency.
IntelliFlo have also continued to improve the strength of data migration processes for new clients and are very pleased to record that they imported some 1,678,757 client records of which the success rate averaged out to be 99.62%.
Nick Eatock, Chief Executive Officer of IntelliFlo, commented:
“We are delighted to announce this very strong set of results. It is hugely encouraging that our sales and ultimately profits continue to increase, especially with the continuing challenging economic backdrop. We work closely with our clients, continually enhancing Intelligent Office to ensure that it offers the most efficient and cost-effective solution available and that it meets users ever changing needs.
“We continue to invest in the business and have a £10 million investment programme in place over the next 4 years and most recently launched our Personal Finance Portal. This development has seen strong initial demand and we are excited to roll this out to new and existing clients during 2012.
“Intelligent Office currently has over 8,300 users across over 900 firms and we expect this to rise further in 2012 as RDR approaches and more advisers turn to technology to increase business efficiencies in a straightforward and effective way.”