Name: Practifi
Rating: 10 (1 reviews)
Author: Practifi

Communications Outsourcing

Help Desk

Web and Video Conferencing

Customer Support

Mobile App Development

Push Notifications

Development

K-12 Online Learning

Education

Audit

Business Intelligence (BI)

Collaboration

Embedded Business Intelligence (BI)

Environmental Health and Safety (EHS)

Org Chart

Procurement

Enterprise

Accounting

Crypto Asset Management

Merger and Acquisition

Subscription Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Recognition

Employer of Record (EOR)

HR Management

Payroll

Recruitment Agency

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Browser

Cloud Storage

Consulting and Advisory Services

Data Center Infrastructure Management

Data Center Virtualization

Data Observability

Data Pipeline

Distributed Denial of Service (DDoS) Protection

Enterprise Architecture Management

Extended Detection and Response (XDR)

Fraud Detection

IT Infrastructure Monitoring

Integration Platform as a Service (iPaaS)

Internet of Things (IoT)

Network Monitoring

Network Performance Monitoring

Remote Monitoring and Management

Software Defined Networking (SDN)

Tower Servers

Vulnerability Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Audience Engagement

Contact Management

Content Management

Email Marketing

Heatmap and Session Recording

Landing Page

Marketing Automation

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Lead Generation Services

Product Configuration

Quote to Cash

Sales Coaching

Sales Gamification

Sales Intelligence

Sales

Auto Repair

Construction Workforce Management

Emergency Notification

Oil and Gas

Public Sector Software

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

Wealthbox CRM

Wealthbox (Starburst Labs, Inc)

Redtail CRM

Orion Advisor Tech

Salesforce Financial Services Cloud

Salesforce

Zinnia SmartOffice

Zinnia

DealCloud

Intapp

FT Amplify

Financial Times

Junxure

AdvisorEngine

CRMnext

CRMNEXT (Acidaes Solutions)

Dynamo Software

### Client Management
Users consistently praise Practifi's robust client management capabilities. They highlight the platform's efficiency in tracking client interactions, managing relationships, and ensuring nothing falls through the cracks. The ease of navigation, ability to capture all client interactions efficiently, and the integration with various tools contribute to improved productivity and organization within teams. Practifi's client management features receive positive feedback for streamlining processes, enhancing data integrity, and providing a comprehensive view of client accounts. The platform's ability to centralize client information and compliance needs in one place is particularly valued by users, contributing to increased efficiency and accuracy in client service delivery.

### Interaction Tracking
Users consistently praise Practifi's interaction tracking features for their ability to efficiently capture and organize client interactions. The robust and organized tracking system has proven to save time, increase revenue, and reduce operational complexities. Additionally, users highlight that the platform's interaction tracking capabilities facilitate smoother onboarding of new team members and enhance overall client relationship management. The structured approach to tracking interactions and assets has led to improved organization, productivity, and client account updates within the team.

### Relationship Management
Users are consistently impressed with Practifi's relationship management capabilities. Reviewers highlight the ease of use and the effectiveness of the platform in enhancing client interactions. The well-organized nature of the system allows for smooth transitions for new team members, ensuring that client relationships are maintained efficiently. Additionally, the responsive relationship managers and tech support contribute to a positive user experience in managing relationships with clients, providers, and referrals.

### Customization and Personalization
Users consistently appreciate Practifi's customization and personalization capabilities, noting the platform's flexibility in adapting to their unique business processes. While some reviewers caution against excessive customization leading to potential challenges, the majority find value in the ability to tailor Practifi to their specific needs. The emphasis on customization and partnership in Practifi's offerings is seen as a positive aspect by users, with ongoing support aiding in the creation of tailored solutions that align with their business requirements.

### Platform Customization
Opinions on Practifi's functionality and CRM platform features vary among users. While some appreciate the platform's ease of data extraction and integrations with Box Storage and Xplan, others express disappointment in the service provided. Users have noted challenges with email functionality and mail merges, which are expected to be addressed in future updates. The AT A GLANCE Dashboard and 360 View page for clients are highlighted as positive aspects, along with the responsive support team. Despite these positive points, there seems to be a mixed consensus on Practifi's platform customization capabilities.

### Process Optimization
Users consistently highlight Practifi's process optimization as a key strength, emphasizing the efficiency gains and streamlining achieved through the platform. The ability to automate workflows and eliminate manual tasks has been particularly lauded, with users noting the significant time savings and increased accuracy this brings to their operations. Additionally, the integration capabilities with other tools and systems have been commended for centralizing information and enhancing overall productivity. Despite some minor recommendations for further customization and user insights, the general sentiment leans towards a positive view of Practifi's process optimization functionalities.

### Workflow Automation
Users have highlighted the benefits of Practifi's workflow automation in streamlining processes, improving accuracy, and enhancing overall efficiency. The ability to create automated workflows tailored to specific needs has been particularly praised for reducing manual errors and ensuring tasks are completed promptly. While some users have expressed concerns about the transition process and clarity of the plan, the general consensus leans towards the positive impact of Practifi's workflow automation features on daily operations.

### Task Management
Users appreciate Practifi's task management capabilities for their ability to enhance workflows, track tasks efficiently, and ensure that team members are accountable for their daily responsibilities. The platform's task management functionality has been instrumental in improving organization and structure within client service delivery processes. With a focus on assigning tasks, Practifi has successfully helped users stay on top of their daily to-do lists and prevent important tasks from falling through the cracks.

### Client Tracking and Reporting
Users have expressed mixed opinions about Practifi's client tracking and reporting capabilities. While some appreciate the platform's customization options and ease of navigation for running reports, others find it lacking in user-friendliness and data extraction functionalities. Recommendations for integration with accounting software and telephony systems highlight the potential for enhancing the tracking and reporting features to provide a more comprehensive solution for businesses. The overall consensus seems to be that there is room for improvement in ensuring data integrity and streamlining the tracking of client interactions.

Users have provided several recommendations for improving Practifi based on their experiences. The most common recommendations include:

1. Consider specific business needs and goals when choosing Practifi as a CRM. Users suggest evaluating the suitability of Practifi based on workflow and compliance requirements, ensuring that it aligns with the unique needs of the business.

2. Seek advice and best practices from other businesses using Practifi. Users recommend reaching out to other finance companies using the software to gain a better understanding of user experience and necessary customizations. This can provide valuable insights for optimizing the use of Practifi.

3. Ensure buy-in from the entire staff and be patient during the implementation process. Users advise that it is important to involve all staff members in the decision-making process and ensure their understanding and acceptance of the new software. They also recommend being patient during the implementation process, as there may be a learning curve involved. Completing training and tutorials can further facilitate user adoption and proficiency with Practifi.

Overall, these recommendations highlight the importance of considering business needs, seeking guidance from others, and fostering a smooth implementation process for successful utilization of Practifi as a CRM tool.

Practifi is the business management platform for financial services from the company of the same name in Sydney. The vendor states that it is built with a single-minded focus on growth, an industry solution that helps advise firms manage clients, partners, providers and centres-of-influence all through a single interface.

Redtail CRM is a cloud-based CRM soluton specifically  for financial advisors. Redtail is offered as a subscription service and, unlike most of the other CRM providers available, is priced per database, rather than per user, allowing up to 15 database users for one monthly subscription cost.

Starter

Basic

Affinity is a relationship intelligence platform enabling teams to leverage their network to close deals. Affinity manages relationships by auto-populating a connected CRM pipeline and unlocking introductions to decision makers.

Essential

Scale

Advanced

Affinity CRM

Practifi

CRMs provide a system of record for a company's contacts and communications with them. CRMs specific to the needs of financial advisors and their agencies provide the contact and task management features, as well as workflow automation, associated to general CRMs. But features unique to CRMs for financial agencies might include prospecting workflows, compliance-minded communication tools, customer onboarding workflows with finance specific assessments, financial document imaging and storage management, as well as integration with investment portfolio management tools.

Financial Services CRM

Practifi | 2022 FintechX Demo Drop

Practifi Demo: InvestmentNews' Fintech Virtual Summit 2020

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Financial Services CRM Systems

Practifi

Overview

What is Practifi?