Fuel Your Technology Evolution with Practifi Sandbox

Today’s fastest growing wealth management firms manage their technology strategically to refine business practices and expand the firm’s capabilities. However, many firms still struggle to implement agile solutions and train teams effectively due to strict regulatory requirements, high cost of risk and lack of flexible technology. 

By providing a safe and separate environment to test product upgrades, train teams and manage risk, Practifi Sandbox helps fuel the evolution of your firm’s technology.

Practifi Sandbox is a platform add-on. If you’d like to learn more, get in touch with your CSM or contact a member of our team today.

A safe place to test, train and innovate

The nation’s top wealth management firms are focused on implementing new digital capabilities, deepening existing client relationships, increasing the penetration of digital tools, driving operational efficiency and delivering actionable insights. To do this, they’re building best-in-class technology solutions and IT operating models that are efficient, scalable and flexible.

However, many firms still struggle to efficiently upgrade and implement new solutions due to strict regulatory requirements, high cost of risk, and lack of flexible technology. As a result, innovation stalls and over time, the business fails to keep up with both client and advisor expectations.

A solution to this is to introduce another product environment for teams to test technology upgrades, experiment with new customizations and facilitate team training. Referred to as sandboxes, these testing environments fuel innovation by providing teams a safe space to test new features and customizations before being implemented. As a result, firms can build creative solutions, reduce risk and improve overall product adoption.

Evolve your technology with Practifi Sandbox

Although there’s no one-size-fits-all technology solution to scale wealth management firms, there are options that can help get you there. Practifi Sandbox makes it possible to upgrade your business management platform safely, test new customizations before implementation and help teams facilitate training in a safe, isolated environment separate from your core platform.

With a Practifi Sandbox, firms can create an identical copy environment to test and refine enhancements before they are released. This supports smooth roll-outs. Additionally, these environments facilitate a seamless user transition through effective training and the preparation of training materials well in advance of any system changes.