PreciseFP Integration Deep Dive

Flextract's PreciseFP integration transforms document processing into seamless client onboarding and profile management. Extract data from any financial document and automatically create or update comprehensive client profiles in PreciseFP.

Overview

The PreciseFP integration is designed for financial advisors and planning professionals who need to efficiently capture client information from various documents and maintain accurate, up-to-date profiles in their PreciseFP system.

Key Benefits

Automated Client Onboarding: Convert intake documents into complete PreciseFP client profiles
Zero Data Entry: Eliminate manual typing of client information
Data Accuracy: Reduce errors with automated validation and formatting
Comprehensive Coverage: Support for 30+ client data fields
Co-Client Support: Full support for joint accounts and family management

Supported Data Fields

👤 Personal Information

Primary Client

First Name: Extracted from documents and mapped to client profiles
Last Name: Automatically captured with proper formatting
Middle Name: Optional field for complete name records
Email Address: Validated email extraction with format checking
Phone Number: Automatic formatting for US and international numbers
Gender: Standardized Male/Female values with validation
Date of Birth: Intelligent date parsing from various formats
Age: Automatically calculated from birthdate when provided
Marital Status: Single, Married, Divorced, or Widowed options

Co-Client/Spouse Information

Co-Client First Name: Complete support for joint accounts
Co-Client Last Name: Maintains family name relationships
Co-Client Email: Separate contact information for spouses
Co-Client Phone: Independent contact numbers

🏠 Address Information

Address Line 1: Primary street address
Address Line 2: Apartment, suite, or secondary address information
City: Geographic location data
State/Province: Standardized state abbreviations
ZIP/Postal Code: Formatted postal codes with validation
Country: Defaults to US with international support

💼 Employment Details

Employer Name: Current employer information
Job Title/Position: Professional role and responsibilities
Employment Salary: Annual income from employment
Total Employment Income: Comprehensive employment earnings

💰 Financial Information

Risk Score: Investment risk tolerance (0-100 scale)
Total Employment Income: Employment-based earnings tracking

🆔 Identification Documents

SSN Last 4 Digits: Secure partial social security number storage
Driver's License Number: Complete license number tracking
License Jurisdiction: State or country of license issuance
License Issue Date: When the license was originally issued
License Expiration Date: Renewal tracking and compliance

🌍 Citizenship Information

Citizenship Country: Defaults to US with international support
Country Code: Standardized country identification

📝 Additional Information

Client Notes: Free-form text for additional details and observations
Phone Country Code: International dialing codes (+1 for US)

Document Processing Examples

Tax Documents

When processing tax returns or W-2 forms:

Names are extracted and mapped to first/last name fields
Addresses populate the complete address section
SSN is captured (last 4 digits only for security)
Employer information fills employment fields
Income data updates financial sections

Bank Statements

From bank statements and financial documents:

Account holder names update client profiles
Addresses ensure current contact information
Income deposits contribute to financial picture
Account numbers (when appropriate) for reference

Insurance Applications

Insurance forms provide rich data:

Personal details complete identity sections
Beneficiary information for family relationships
Health information where applicable
Financial details for risk assessment

Estate Planning Documents

Wills and trust documents offer:

Full legal names including middle names
Family relationships for co-client setup
Address information for all parties
Financial holdings data

Workflow Examples

New Client Onboarding

Document Upload: Client submits intake forms or financial documents
Data Extraction: Flextract extracts all relevant client information
Profile Creation: New PreciseFP account is automatically created
Data Population: All extracted fields populate the client profile
Verification: Review extracted data for accuracy before final submission

Existing Client Updates

Document Processing: New documents for existing clients
Profile Matching: Automatic identification of existing PreciseFP profiles
Data Updates: Only new or changed information is updated
Change Tracking: Audit trail of all profile modifications
Notification: Alerts when significant changes are detected

Joint Account Setup

Couple's Documents: Process documents containing both spouses
Dual Extraction: Extract information for both primary client and co-client
Relationship Mapping: Automatically establish family relationships
Profile Linking: Connect co-client profiles in PreciseFP
Unified Management: Manage joint accounts with individual and shared data

Advanced Features

Smart Field Mapping

Contextual Recognition: Understands which name belongs to which spouse
Document Type Awareness: Adapts extraction based on document type
Multi-Page Processing: Handles complex documents spanning multiple pages
Form Recognition: Optimized for common financial planning forms

Quality Assurance

Confidence Scoring: Each extracted field includes accuracy confidence
Review Flagging: Low-confidence extractions flagged for manual review
Batch Processing: Handle multiple client documents simultaneously
Progress Tracking: Real-time status updates during processing

Integration Options

Real-Time Sync: Immediate updates to PreciseFP upon document processing
Batch Updates: Schedule bulk updates during off-peak hours
Manual Review: Optional approval step before data synchronization
Selective Sync: Choose which fields to update automatically

Security & Compliance

Data Protection

Encryption: All data encrypted in transit and at rest
PII Handling: Special protection for personally identifiable information
Access Controls: Granular permissions for different user roles
Audit Logging: Complete record of all data access and modifications

Getting Started

Initial Setup

Connect PreciseFP: Secure OAuth authentication with your PreciseFP account
Test Integration: Process sample documents to verify configuration

Best Practices

Start Small: Begin with one document type before expanding
Review Process: Establish quality review procedures for extracted data
Train Team: Ensure staff understands the automated workflow
Monitor Results: Track accuracy and efficiency improvements

Optimization Tips

Document Quality: Higher quality scans produce better extraction results
Consistent Formats: Standardized document types improve accuracy
Regular Reviews: Periodic audits ensure continued data quality
Feedback Loop: Report extraction issues to improve system learning

The PreciseFP integration represents a significant leap forward in client onboarding efficiency, transforming hours of manual data entry into minutes of automated processing while maintaining the highest standards of accuracy and security.