AI-driven financial reporting solution provider Avenir has partnered with The Lang Cat and its reg-tech Analyser software to support financial advice firms with more efficient reporting.

The strategic partnership combines Avenir’s platform with insights and analytics from Analyser to automate data and streamline reporting, aiming to save advisers time and improve their reporting accuracy.

Through this integration, the firms said that advisers will be able to generate precise suitability reports and meet the Financial Conduct Authority’s Consumer Duty standards.

Analyser is a platform and managed portfolio service (MPS) comparison tool, which was designed to provide advice firms with “independent, robust and repeatable due diligence and client reporting”.

"We're excited to partner with The Lang Cat and Analyser to transform the way financial advisers work," said Avenir CEO, Jeremy Bensoussan.

"By automating tasks like data extraction from documents, including The Lang Cat’s own reports, we cut reporting time from hours to minutes, enabling advisers to focus more on serving clients and ensuring Consumer Duty compliance."

Avenir CCO, Andrea MacDonald, stated that the partnership was a “significant step” in advancing the firm’s aim of streamlining workflow for advisers.

“By expanding our presence in the ecosystem, we’re reducing operational burdens, improving accuracy, and ultimately helping advisers deliver better outcomes for their clients,” she continued. “We’re excited about the impact this will have on the industry.”

The Lang Cat digital director, Terry Huddart, added: "Our due diligence solution provides advisers with an efficient way of choosing the right platforms and products for each client.

“It’s been built to deliver professional, robust and repeatable reporting, while Avenir streamlines the process, both saving valuable time and supporting Consumer Duty compliance.”

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