NetDocuments Client Portal Review
NetDocuments was recently reviewed in the t3 newsletter which deals with technology for financial services professionals. It was written by David Drucker who, along with Joel Bruckenstein, administer the t3 conference and newsletter. Along with running t3, David Drucker is also a journalist, speaker, financial advisor, pit bull rescuer, biker, classic car nut, gadget geek, and bluesman.
In his recent article titled, "A Sampling of Client Portals," Drucker reviewed four different products that provide client portal functionality for financial advisors. The four products reviewed were Advisorsites, Family Office Network, NetDocuments and Make It A Good Day.
The term "Client Portal" is difficult to define as they can vary in so many ways, but Drucker defines it by comparing it to a virtual vault with a few differences. Drucker states, "A client portal goes beyond the concept of a client vault in that a vault contains documents, or raw material, and a portal includes tools for working with those documents."
In the NetDocuments portion of the review, Drucker asked Leonard Johnson a few questions.
A client portal goes beyond the concept of a client vault in that a vault contains documents, or raw material, and a portal includes tools for working with those documents. A client portal goes beyond the concept of a client vault in that a vault contains documents, or raw material, and a portal includes tools for working with those documents. In his review of NetDocuments, What are the various ways advisors using NetDocuments can interact with clients, I asked Johnson? "RIAs are telling us they use NetDocuments as a digital portfolio binder, organized by tabs, from which email notifications are sent if new docs are posted or changes are made." How does notification work? "If an advisor wants to notify a client of a new document that's been uploaded, he right clicks on the document and says notify client. If he's using Outlook, Outlook will open and embed a link to the folder or documents uploaded, then send the client an email the normal way. If he doesn't have Outlook, then a NetDocuments email dialogue box opens for him to use. It doesn't have an inbox; just the ability to email out."
Us at NetDocuments appreciate t3 for including us in their client portal reviews and found the review done by Drucker to be accurate and fair. To see the entire review, click here.
The t3 conference, which NetDocuments will be participating in, will take place on February 17-20, 2010 in San Diego, California.