![]() ![]() This dividend automation ensures speed and accuracy.īrokers, compliance officers, and other employees learn important information whenever they talk to clients. You enter the symbol with the dividend and then the system can automatically calculate positions and issue charges/payments at the time you determine. Some back office software for brokerages, like CurrentBusiness, allows you to automate this process. If you don’t pay a client when you should, you could face serious repercussions, and if you don’t charge the appropriate fee when they have short positions, you lose money. This means manually calculating the position of each client who is long or short on the CFD with the dividend and then issuing a charge or payment to those clients’ accounts one by one.ĭoing this individually for each client takes a significant amount of time, and doing it manually leaves room for errors in calculations or simply missing a client altogether. When there are dividends on CFDs, you have to pay or charge those dividends to clients. Drafting a template allows you to control the message going out from individual brokers and saves time since they won’t need to draft their own content. If individual brokers are writing emails for their clients, then they’re doing work that someone else has already done.īoth third-party email tools and back office tools will allow you to create templates that any employee can use. In addition to simply creating email lists, drafting emails that encourage clients to make a trade takes time. Instead, you can just tell your back office tool to email all clients who meet the criteria you’ve set to be deemed inactive. If your CRM has this feature, you won’t need to export a list from your back office software to a different tool. You can use a third-party email app or a forex CRM with a built-in email feature to build lists of recipients that you can email all at once. ![]() However, typing in individual emails to your basic email app is time consuming. Your back office software probably has reports that can automatically tell you which traders have become inactive, so you can easily generate a list of people to email. That means you need to send them emails about their activity. When clients who regularly make deposits and trades stop doing so, you want to encourage them to re-engage. ![]() We also have tips to solve those problems with your back office software. If you don’t have the right tools and systems in place, then employees can end up duplicating each other’s work, which wastes time and, ultimately, cuts into your firm’s profits.īased on our time in the forex industry and the requests we’ve had from clients, we have a list of three problems that lead to wasted time and inefficiency at forex brokerages. There are a lot of ways that inefficiency can cost your forex brokerage time and money. The top 3 ways to save time and increase productivity ![]()
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