Tool automates data extraction process
The Adviser Platform (TAP) has launched a new AI-powered feature, the AI Document Reader.
This new tool is aimed at enhancing the efficiency of financial advisory practices by automating the data extraction process from various documents, such as existing insurance policies.
Transforming advice preparation
Jody Lozell-Norton from Majesty Insurance, a member of TAP, praised the new AI feature.
“The AI tool is amazing,” Lozell-Norton said. “It saves me a huge amount of time in preparing my advice and allows me to spend more time tailoring the recommendations to the needs of my clients.”
The AI Document Reader enables advisers to quickly upload documents and automatically fills in essential details, dramatically reducing the need for manual data entry and allowing more time for client-focused activities.
Technological innovation and user-focused design
Mike Taylor (pictured above left), head of tech and development at TAP, stressed the adaptive capabilities of the AI Document Reader.
“This tool is designed to learn and improve over time based on user interaction,” Taylor said.
“When advisers make adjustments to the data presented by the AI, those changes are logged to help refine its accuracy. This feedback loop ensures the tool becomes smarter and more effective with continued use.”
A milestone in AI-driven solutions
Ryan Edwards (pictured above right), managing director of TAP, highlighted the strategic importance of the new tool in TAP’s ongoing innovation efforts.
“The AI Document Reader is just the beginning of our ambitious pipeline of AI-driven solutions aimed at helping advisers save time and improve efficiency,” Edwards said.
“We’re not just building tools, we’re shaping the future of financial advice technology with smarter, more intuitive systems that evolve alongside the needs of advisers. This feature not only simplifies data entry but sets the stage for advancements across our platform."
Commitment to enhancing advisory services
The introduction of the AI Document Reader reaffirms TAP’s commitment to leveraging technology to simplify compliance and enhance service delivery.
This tool is designed to help advisers minimise the time spent on routine tasks and maximise their engagement with clients, thereby facilitating business growth and improving client satisfaction.
