Name: NaviPlan by Advicent
Rating: 9 (2 reviews)
Author: Advicent Solutions

Help Desk

Web and Video Conferencing

Customer Support

Business Intelligence (BI)

Collaboration

Data Discovery and Visualization

Document Management

Enterprise Generative AI

File Sharing

Objectives and Key Results (OKR)

VoIP

Enterprise

Accounting

Online Trading

Payment Orchestration

Trust Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Corporate Volunteering

Course Authoring

Employee Engagement

Employee Performance Management

HR Management

Payroll

Recruitment Agency

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Cloud Migration

Cloud Storage

Database DevOps

Database Management

Enterprise Backup

Fraud Detection

Hadoop-Related

High Availability Cluster

IT Service Management (ITSM)

Incident Response

Integrated Development Environment (IDE)

Integration Platform as a Service (iPaaS)

Network Performance Monitoring

Network Virtualization

Remote Monitoring and Management

Traffic Switching

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Competitive Intelligence

Consumer Ratings & Reviews

Content Management

Cross-Channel Campaign Management

Email Marketing

Local Listing Management

Marketing Automation

Presentation

SMS Marketing

Social Media Advertising

Social Media Management

Survey & Forms Building

Web Analytics

Wholesale Marketplace

Marketing

Field Service Management

Professional Services Automation

Project Management

Professional Services

Conversation Intelligence

Customer Relationship Management (CRM)

Lead Generation Services

Sales Gamification

Sales

Cloud Access Security Brokers

Video Surveillance

Security

Digital Forensics

Estate Planning

Home Health Care

Insurance Claims Management

Military and Defense

Vertical-Specific

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### Financial Planning Tools
Users generally appreciate the robust financial planning capabilities of NaviPlan by Advicent as highlighted in the reviews. The tool is praised for its ability to handle detailed financial data, calculate various scenarios, and provide in-depth reports for clients. While some users find the tool to be complex and not very user-friendly, others value its flexibility and the comprehensive insights it offers for creating tailored financial plans. Despite some drawbacks such as occasional errors after system updates, NaviPlan's financial planning tools are seen as a valuable resource for financial professionals working with high net worth clients.

### Investment Management
Users consistently praise NaviPlan by Advicent for its robust financial planning capabilities, especially its investment management features. The reviews highlight the platform's ability to provide detailed insights into clients' assets, accounts, and potential financing options. Clients appreciate the comprehensive view of their financial landscape, including retirement planning, investment strategies, and income analysis. NaviPlan's visualization tools are particularly lauded for their effectiveness in illustrating the impact of different investment strategies on clients' retirement plans. This positive feedback underscores the platform's value as a powerful tool for financial advisers seeking to impress clients with sophisticated investment management solutions.

### Retirement and Long-Term Planning
Users unanimously praise NaviPlan by Advicent for its robust retirement planning features and long-term financial forecasting capabilities. The platform's ability to calculate and visualize the impact of different strategies on a client's retirement plan is highly regarded by users. They appreciate the flexibility of NaviPlan in generating a wide range of documents to illustrate various retirement funding scenarios. Additionally, users find the tool invaluable for consolidating all client accounts in one place and analyzing potential financing options for retirement. The comprehensive information on retirement, loans, accounts, bills, and income within NaviPlan allows for thorough calculations and goal setting, making it a valuable asset for financial advisors.

### Client Interaction and Management
Users have highlighted some drawbacks in NaviPlan by Advicent's client interaction and management features. Some users find the illustrations and explanations within the platform confusing for clients, making it challenging to convey financial assumptions effectively. Additionally, there are concerns about potential duplication and output errors, as well as reports being overly detailed for client presentations. Despite these challenges, users appreciate the platform's ability to centralize client information securely and efficiently, streamlining data processing and record-keeping tasks.

### Data Analysis and Reporting
User sentiment regarding NaviPlan by Advicent's data analysis and reporting features appears to be mixed. While some users appreciate the detailed analysis and reporting capabilities, others find the tool to be clunky and not user-friendly for client interactions. The ability to input detailed data and generate quick reports is highlighted as a positive aspect, but concerns about potential errors in duplication and overly detailed reports for client presentations have been raised. Despite the varying opinions, many users acknowledge the software's evolution over the years and its value in providing in-depth financial analysis, particularly for high net worth clients.

Accurate and Detailed Financial Planning: Several reviewers have found NaviPlan to be a highly accurate financial planning tool that allows for the entry of detailed information, including variables like inflation and future dated changes. This level of detail creates a highly accurate financial plan.

Comprehensive Overview of Financial Situation: Many users appreciate the ability to view all of a client's assets and accounts on one screen, providing a comprehensive overview of their financial situation. This feature enables them to calculate potential options for financing and make informed decisions.

Flexible Scenario Illustration: The flexibility of NaviPlan is praised by reviewers as it can produce a wide range of documents to illustrate various financial scenarios. Users specifically highlight the usefulness of the foundational plan tool for illustrating retirement funding.

NaviPlan is a versatile financial planning software that offers a range of use cases to help individuals, couples, and financial advisors manage their clients' finances. Users can input detailed data about life situations and financial goals, allowing for personalized planning. The program securely stores this information, making processing time and information recording easier for users. NaviPlan assists in financial planning by calculating and providing recommendations on saving, investing, and living expenses, simplifying the overall process. Users have found NaviPlan to be a fantastic tool once they become familiar with its features.

One key use case of NaviPlan is the ability to model different financial scenarios and run Carlo scenarios to assess the probability of success. This feature helps users determine the impact of various strategies on retirement plans, making it an invaluable tool for financial advisors when discussing options with their clients. The software's visuals are also helpful in presenting analysis to clients, enhancing communication during important financial discussions. Additionally, NaviPlan allows for both quick retirement plans and detailed plans, offering flexibility in future projections and showcasing different strategies. 

Moreover, NaviPlan serves as a central database for managing employee accounts in small industries and enterprises. It provides comprehensive information on salary, allowances, insurance, and other financial aspects. This end-to-end financial management solution streamlines processes for businesses while ensuring accurate record-keeping. Overall, NaviPlan helps users make informed decisions by visualizing income streams in retirement, estimating the longevity of funds, and assessing tax implications for different financial choices. Whether it's individual financial planning or enterprise-level account management, NaviPlan offers a range of solutions tailored to meet diverse needs.

Steep Learning Curve: Several users have found the software to have a steep learning curve and not be particularly user-friendly. They have expressed difficulties in navigating the user interface, finding specific information, and ensuring accuracy. This has made it challenging for them to effectively use the program.
Outdated Features: Many reviewers have criticized the software for being outdated and not suitable for goals-based financial planning. They believe that it lacks modern features and functionality compared to its competitors. Some users also mentioned inconsistencies in the program, such as random labeling of couples as single, which further adds to their frustration.
Lack of Customization Options: A common complaint among users is the lack of customization options and difficulty in tracking specific items. They desire more flexibility in tailoring the software to their individual needs and preferences. This limitation has hindered their ability to efficiently manage their financial analysis tasks.
Overall, users feel that while the software may adequately perform its job, it falls short in terms of ease of use, innovation, and adaptability to different user requirements.

Advicent headquartered in Milwaukee offers NaviPlan, a financial planning software for firms.

According to the vendor, RightCapital's financial planning solution allows financial advisors to:
•Differentiate their value for more clients.
•Create a simple plan in as little as 10 minutes.
•Empower themselves to evolve with planning needs.

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Premium

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Covercy is a Banking-Embedded Investment Management Platform built for commercial real estate investment firms. It offers automated distribution & capital call payment processing, an Investor Portal, and APY yielding checking accounts.

Covercy

NaviPlan by Advicent

Investment Portfolio Management

Likelihood to Recommend

Advicent Solutions

Executive Assistant Office Manager

NaviPlan by Advicent 2023-01-25 13:18:59

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NaviPlan by Advicent 2023-01-26 00:50:16

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Investment Portfolio Management Software

We use NaviPlan to build out future projections based on financial plans we build. We use it to show income streams in retirement and to show how long a clients money will last. We use it to show numerous strategies with insurance and corporations. It allows us to show the tax implications of what they are currently doing versus what we are recommending. We use it to solidify the plans we have already built.

Retirement Income Scenarios
Detailed Cash Flow
Monte Carlo Analysis

Corporations - a more detailed module that allows more functionality
Estate Planning - we are missing a module that is available in the US
Marital Status - Ability to show comparison if a client is married versus not married within the same plan

Cash Flow in retirement - we use it to confirm our assumptions
Running different scenarios to determine tax implications
Showing insurance and investment strategies

It definitely has a positive impact on our business. It brings confidence to our clients that we know what we are doing.
Clients are very impressed when you walk them through the software
The reports blow people away. Combined with our financial plans, we can build bulletproof financial plans.

It lets the company create employees' accounts in one window so that the management, as well as the employee, can get information regarding the salary account, allowance, increment, installment and other financial EMI/subscription, retirement, loans, bills, savings, life insurance, health insurance, etc. It is very much flexible and can generate documents in a summarised form to present the status of what we require from the needy. This is a central database that is secure, easy to track, easy to input the data, and also much simpler in displaying what the user requires. It is a fully featured financial management software developed to serve mainly small industries and other enterprises to get end-to-end solutions. This online management software offers employee management, client management, fund management, budget planning, risk management, tax planning, and calculation in one place.

Employee benefits management, planning, and calculation become simpler with the Navi plan.
Budget planning, risk management, and other account management become easy and simpler to analyze by the top management.
Tax calculation and other payments become easy for the organization as well as individual employees.
Cashflow analysis and modifications in the allocation become easy and could be understood by all the top-level management in a single window.

Much favorable for small industries, so better to make it good for large enterprise also.
Illustration can be made easy so that quick understanding can be done.
Tracking of the particular item is a bit difficult, this could be made easier.
Not much user friendly compared to the competitors. But does the job well.

Good user interface to input data.
Tax calculation and budget planning.
Employee management and client management.
Employee Benefits calculation and planning.

Tax calculation of the organization and employees was very difficult, and Navi Plan made is very easy now.
The introduction of the software makes positive changes in the organization in managing the financial needs, which helps the organization to allocate what is required.
Employee benefit calculation was a bit difficult and it made a big positive impact.
It does the job and we get the best for what we pay for.
If the industry becomes big, then slight changes must be introduced to manage the big data needs.

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