Sentry Group has signed a deal for software company IRESS to provide its advisers with back-office services.

The system, called Sentrak, will deliver functions including producing statements of advice (SOA), revenue management and flows, and streamlining administrative activities.

It is based on IRESS’ financial planning software Xplan.

Sentry Head of Business Solutions David Newman says the customised technology will help advisers grow their practices by maximising efficiency and the delivery of compliant advice.

“It will strengthen Sentry’s position and reputation as an innovative, adviser-focused independent licensee,” he said.

“In addition to improving the effectiveness of current practices, it will significantly improve the time taken by new advisers to integrate and get up to speed with our processes and practices.”

Mr Newman says Sentrak will roll out gradually across the group’s adviser network from next month.

“Testing has been extensive and the end-to-end solution goes far beyond compliance, production of an SOA and recording client details on a client resource management database,” he said.

“From inception, our goal was a flexible technology platform that enhances adviser efficiency, simplification of workflows, revenue streams and business growth aspirations.”