X MARKS THE SPOT
YourMoneyApp by XFM Tech provides our group of partner brokers and financial planners a complete snapshot of a customer's financial position to help them nurture and navigate a pathway forward towards achieving their financial goals and dreams while building lifetime relationships.
Our software provides users with the tools required for achieving their financial goals and dreams. A user can add and track multiple accounts and set budgets, goals and have a holistic view of their current and forecasted cash flow.
The software allows users to share their data with our partner Mortgage Brokers, Financial Planners and Money Coaches to help make sense of where they are at and how to best get to where they need to be.
XFM helps all Australians make better financial choices by having all the information on hand and by partnering them with brokers who are masters at navigating the financial landscape. Together, armed with all the data, tools and knowledge they need, they can be nurtured and coached towards creating new behaviours, aligning their decisions with their financial goals and dreams.
WHO WE HELP
LIFETIME CLIENT RELATIONSHIPS
We help Brokers by speeding up the time currently spent in data collection, verifying client expenses and providing them with the tools needed to help in demonstrating responsible lending while building lifetime client relationships through goal setting and money coaching.
DEMONSTRATING CASH FLOW
Cash flow for the sole trader can be difficult to demonstrate and manage. Our business tools when combined with serviceability goals can assist more hardworking Australians to get into a home loan.
Cash flow powered
LFM gives brokers a fast way to capture all their customer’s data and assess and prequalify for a loan. 90-days worth of categorised data helps in demonstrating and understanding the customer's actual financial position and suitability for a loan or coaching.
PFM tools available in Money GPS gives brokers the tools to nurture and set up customer not yet ready for a loan with a budget, goal and path forward to being prepared for a loan and keeps them engaged until they are ready to apply.
BFM provides sole trader and the self-employed customers the tools they need to master cash flow and demonstrate serviceability for a loan.
AFM makes Advisor fact-finds quick and easy by making the process dynamic and data driven. By using transactional data we can find insights and ask only the questions we don't have the answer to. This supports our Advisor Portal that keeps all the information in one place.
HOW WE ACHIEVE THIS
AFM & LFM marries a combination of technologies to provide a once-off income and expense snapshot for the purpose of assessing the ability to service a loan.
Brokers use the inbuilt tools and reporting to assess if a customer is best suited for a loan application or to move onto PFM and BFM for MoneyCoaching.
PFM and BFM
is utilised for MoneyCoaching to plan, set and track goals and provide ongoing online customer engagement opportunities.
Goals are tracked and achieved with progress notifications and milestones being celebrated along the journey.
Stay connected and ready for the next goal through the new channel to communicate with clients, giving direct access to the 'branch managers' desk through technology innovations
Our success comes down to our passion for delivering and growing the brokers.
We have dedicated staff on hand to advise how to use best and access the software plus how to incorporate it into the day to day activities for truly seamless integration. From visits to self serve online videos available we cater to all brokers learning types.
A PARTNERED APPROACH
Yellow Brick Road's Money Coaches used our PFM Solution, white-labelled as Money Manager, as their budgeting tool. Bringing real-time insights in an easy-to-understand dashboard. Linked to bank account data using the highest cyber-security standards, Money Manager tracks income, spending, loan repayments and more. They utilise this to see where their clients are spending too much, where they could save, and whether they’re on track to meet their goals. It’s also a powerful way for their mortgage brokers and lenders to see client expenses and assess loan applications faster and more easily.
It’s budgeting, reinvented for the 21st century.
XFM Tech is part of the
Australian Financial Services Network