Whats new in Compass Version 20 February 2020 Whats new in Compass - PowerPoint PPT Presentation

What’s new in Compass Version 20 February 2020

What’s new in Compass Version 20 Advice Technology Team 2

Disclaimer This presentation is given by a representative of Centrepoint Alliance Limited on behalf of Associated Advisory Practices Pty Ltd, Alliance Wealth Pty Ltd AFSL 449221 and Professional Investment Services Pty Ltd AFSL 234951. It is based on our understanding of current regulatory requirements and laws as at the presentation date. As these laws are subject to change you should talk to a professional adviser for the most up-to-date information. The information is for adviser use only. You should form your own opinion and take your own legal, taxation and financial advice on the application of the information to your business if applicable. Whilst all care has been taken in the preparation of this document (using sources believed to be reliable and accurate), to the maximum extent permitted by law, no person including Centrepoint Alliance Limited or any member of the Centrepoint Alliance Group of companies accepts responsibility for any loss suffered by any person arising from reliance on this information. This presentation cannot be used or copied in whole or part without our express written consent. This presentation is for adviser training purposes only and must not be made available to any client. 3

Webinar Overview AGENDA Introduction Compass Version Upgrades | Continuous Delivery Compass Navigation Updates New features and changes in Version 20 4

Continuous Delivery | Overview Process Benefits Frequency Deliver software improvements more frequently Half-yearly upgrades Continuous Continuous Monitoring Development Deploy bug fixes quicker Weekly upgrades With lower risk and higher Continuous Testing quality 5

Continuous Delivery | Upgrade Timelines Current six-monthly upgrades (monthly view) Build-up of bugs Updates and bug fixes Continuous delivery moving forward (weekly view) Major feature release Feb Mar Apr 6

Features introduced in Version 20 Module Feature • Client Focus Compass navigation updates (Xplan Labs) • Notes, Exclusions and Loadings Risk Researcher • Extended Benefits • WealthSolver Wealth Projection enhancements • Client’s retirement date now imports from XTOOLS+ KYC 7

Client Focus | Compass Navigation Updates Updated icons Compass navigation menu is now pinned 8

Risk Researcher | Notes, Exclusions and Loadings Insurance Policy> Cover Level 9

Risk Researcher | Extended Benefits Sorted by product • Easily tell which differences in benefits are gained or loss due to which policies • Previously this all lumped into one big paragraph • You will see the change when you replace two or more different policies for a client 10

WealthSolver | Enhanced Projections Analysis • Additional Wealth Projection years to choose from: ✓ 5 Years ✓ 10 Years ✓ 25 Years ✓ Client/Partner Retirement ✓ Client/Partner Life Expectancy ✓ Max Life Expectancy (Default option) • Toggle to view projection charts for each entity. Note: Feature not available in Full Advice Builder yet. 11

XTOOLS+ | Client’s retirement date CALM now recognises client’s retirement date in Compass and will auto-populate in your newly created scenarios. • Will pick up Retirement Date entered on KYC > Superannuation screen • If no date entered, default date = Age Pension Age 12

Questions?