Paradigm member firms which sign up to MyGabriel will receive the system at a discounted rate.
Paradigm Mortgage Services has partnered with MyGabriel Accounting Solution, which provides advisory firms with a system that competes all sections required under the Financial Conduct Authority's (FCA) Gabriel data requirements.
Paradigm member firms which sign up to MyGabriel will receive the system at a discounted rate.
The price includes one-to-one training on using the system, access to unlimited phone and email support, and six-monthly pre-Gabriel review to assist in the preparation and filing of the report to the FCA.
The cloud-based software system is designed for any firm with investment or mortgage permissions that need to file a Gabriel report, providing a simplified process to do this.
It comes with built-in accounting functionality, or if the firm already has this the system is updatable with summary financial information in order to speed up the production and filing of the Gabriel report.
Paradigm's partnership with MyGabriel follows its offer of up to six months' free compliance support to directly authorised firms.
Bob Hunt, Chief Executive of Paradigm Mortgage Services and Managing Director of Paradigm Consulting, said: “Provision of regulatory-required data to the FCA is a significant responsibility for directly authorised firms and can often take up a considerable amount of time and energy in order to produce the required report.
"This new relationship with MyGabriel offers our member firms access to its fantastic software solution which can, if required, work with their accounting software producing all the necessary information within 15 minutes.
"We’re pleased to be able to add this to our package of compliance-based offers, with firms also receiving MyGabriel at a discounted rate.
"It’s important we continue to help our members meet their regulatory reporting responsibilities, at the same time as we are supporting them through this coronavirus lockdown period.”
Anthony Boggiano, director at MyGabriel, said: “We are pleased and excited about this new partnership with Paradigm and have high hopes for the future.
"MyGabriel allows Paradigm member firms to streamline their Gabriel filing processes, speeding up the preparation of information and simplifying the submission of returns to the FCA.
"This can free up time to concentrate on client care and revenue generation, while also ensuring compliance matters are being dealt with.
"We look forward to welcoming Paradigm firms into the ever growing MyGabriel community.”
