Leveraging NaviPlan web services to work for the organization

October 09, 2019 by Ben Black

Leveraging NaviPlan web services to work for the organization by Advicent

About the author

Ben Black

Associate software developer

Ben Black is an associate software developer at Advicent, the financial planning technology provider of choice for nearly 100,000 financial professionals.

There are a multitude of ways to create a robust financial planning experience for advisors and clients but doing so can be an intimidating task. NaviPlan web services can be leveraged by organizations to simplify this task by bringing insights into data, streamlining workflows, and improving the experience for both the advisor and client.

What is a web service?

So, what exactly is a web service? At its simplest level, a web service is a method of communication between two electronic devices over a network. Many times, different software systems at different organizations need to exchange data with each other, and a web service is a method of communication that enables the systems to do this over the Internet. NaviPlan web services use proven and standardized technologies that can be utilized by any partner to suit their needs and enhance their planning strategy.

What can they accomplish?

Now that we know what a web service is, let’s talk about how they work for the organization. There are many examples to explore, but here are some of the more common ones:

Extracting plan data

NaviPlan plan data can be very useful to an organization, since there are a lot of calculations and steps in the financial planning process. Many organizations want insight into the data that is entered during the financial planning process. Being able to pull data out of the application and into a more accessible format allows partners to leverage this data for things like internal reporting, analytics, warehousing purposes, or to share with other applications.

Why taking shortcuts in financial planning can be detrimental to advice quality

Learn more


Managing advisor user accounts

Organizations typically have several different advisor types and entitlements. Setting these up and maintaining them can be an arduous task. NaviPlan web services alleviate this problem by allowing an organization to define who has access to what information. This allows for minimum ramp up time before a new advisor is ready to use NaviPlan.


Organizations often enter data into multiple systems. NaviPlan web services allow an organization to integrate with those systems in order to leverage data that is already housed in their own back office. This reduces the amount of time advisors spend on data entry when starting the financial planning process, while also reducing the potential for inaccurate or inconsistent data across systems.

Data viewing & modification

Organizations may have other tools they use to view, modify, and expand on client and plan data. NaviPlan web services can be called from external systems which allow teams within an organization to setup their already existing tools to view and modify data as they see fit, without having to actually use the application to do so.

In this article, we explored some of the most common ways that partners can leverage web services to streamline and improve workflows. From data integration, viewing and modification, to plan data extraction and user account management, NaviPlan web services can help partners provide a more fluid and seamless financial planning experience for advisors and clients.

To learn more about NaviPlan’s enterprise capabilities, APIs, and customization options, click here >