XTOOLS Overview and Navigation

XTOOLS gives you powerful calculation tools to help you give your clients the information they need. It does away with the complexity of different calculation systems keeping you consistent and effective – always meeting your clients’ expectations. IRESS ensures you always have current legislative and rate updates, so you know your calculations are always accurate and compliant.

• Key Features
  
  
  • Analysis of client objectives, cash flow, taxation, Centrelink
  • Clear and concise calculations
  • Visual tools to use with your clients
  • Unlimited scenario-based projections
  • Monte Carlo simulations
  • “What if” analysis
  • Consistent and compliant outputs across your group
  • Current rates and regulations
  • Easy output to SOA
  • Quick and easy to use
  • Engaging client interface
  • Scenario modelling
  • Supports all entity types and inter-entity cash flow modelling
  • Graphical or tabular output
  • Modelling for accumulation funds and defined benefit schemes

XTOOLS+ offers broad functionality that enables more accurate scenarios and projections. Your business will have one central suite of tools to help your clients quickly gauge their past, present and future financial situation. 

• Benefits
  
  
  • Easier Scenario Modelling: Perform a wide range of simulations and projections that you can easily save and compare with rich visual tools to demonstrate strategies.
    
    
  • Faster Reporting: Combine with XPLAN’s Client Focus module, to effortlessly merge the scenario results into a compliant statement of advice with no double handling.
    
    
  • Better Consistency: The centralised XTOOLS+ engine brings consistency to all your calculations and projections.

XTOOLS Calculators

• Investment: Savings, Direct Property, Education Funding, Instalment Gearing, First Home Saver
  
  
• Retirement: Retirement Planning, Transition to Retirement, Pensions, Super, Pension vs Lump Sum
  
  
• Taxation: Income Tax, Salary Packaging, Tax on ETP Withdrawal
  
  
• Insurance: Insurance Needs Analysis
  
  
• Debt: Loan Illustrator, Debt Consolidation
  
  
• Lifestyle: Lifestyle Goals
  
  
• Centrelink: Income Support

XTOOLS Debt Consolidation

Debt Consolidation allows an adviser to model the consolidation of up to 10 existing tranches of debt to a single Principal and Interest Loan.

Further information on XTOOLS Debt Consolidation here

XTOOLS Profiles 

This tool is intended to help quantify the characteristics of the investment profiles and related assumptions adopted by the licensee group. It provides a study of the assumed risk and return properties of the standard investment profiles.

Further information on XTOOLS Profiles here

XTOOS Savings

The Savings XTOOL is an investment modelling tool that caters for PIE tax and PAYE implications. It provides a study of the assumed risk and return properties of the standard investment profiles.

Further information on XTOOLS Savings here

XTOOLS Education Funding

This tool can be used to determine adequate savings to fund education expenses. It allows for primary, secondary and tertiary education expenses for up to 5 children. 

Further information on XTOOLS Education Funding here

XTOOLS Planning for Retirement

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Further information on XTOOLS Planning for Retirement here

XTOOLS Consolidate Super

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Further information on XTOOLS Consolidate Super here

XTOOLS Income Support

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Further information on XTOOLS Income Support here

XTOOLS Loan Illustrator

This tool allows advisers to amortise any outstanding loan balance. The tool directly compares actual loan repayments made against the lender's standard loan schedule to highlight savings in interest and time.

Further information on XTOOLS Loan Illustrator here

XTOOLS Lifestyle Goals

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Further information on XTOOLS Lifestyle Goals here

XTOOLS Retirement Funding

For a client or client couple, this tool enables the adviser to analyse and present the suitability of existing retirement funding. The projection of retirement wealth can be summarised graphically, and quantified by simulating the likelihood of achieving financial objectives.

Further information on XTOOLS Retirement Funding here 

XTOOLS Engage

For the purpose of this guide we will be working through two of the seven engage tools so that you get a feel for the input screens and fields. As the engage tools are designed to be to be client-facing and client-friendly, they are self-explanatory, simple and easy to use. By the end of this guide, you will have the capability to utilise the remaining engage tools with confidence and ease.

Further information to XTOOLS Engage here

XTOOLS XPLAN Touch

XTOOLS TTRAP

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Further information on XTOOLS TTRAP here