#1 Filenote AI Alternative - Paradino.ai
When it comes to AI-powered file notes and meeting summary solutions, choosing the right tool can be daunting. Where is the difference? What is the comparison of features? How do they differ in price? This article dives into a detailed comparison between Paradino and Filenote AI, helping you identify the best platform for smarter and more efficient workflow. We have explored financial planning software tools in a previous article here; and now look to dig a little deeper into specific use cases. Financial advisers have flocked to file notes and meeting summarisation tools to keep accurate records and maintain compliance standards, without having to do so manually themselves. Both Paradino.ai and Filenote AI offer innovative solutions to cater and solve this pain point, but which one is right for your practice? Let’s explore.
What is Filenote AI?
Filenote.ai is a file note and meeting summary tool. It eliminates the manual effort involved in notetaking. Some standout features include:
- Meeting Templates: Tailored for Statements of Advice (SoA), Discovery, Reviews, and more.
- Client Communications: You are able to draft client email summaries.
- Categorisation & Notes: Organise notes for paraplanners and customise templates for specific scenarios.
However, Filenote.ai has some limitations that may impact its usability:
- Recording Caps: Sessions are limited to 4 hours, and monthly quotas range from 20–40 hours, depending on the subscription and cost.
- Email Summaries: Summaries are emailed to you.
- Custom Templates: Available on the higher priced tier, requiring you to send templates in to get coded.
- Additional Costs: Exceeding limits incurs an additional charge.
What is Paradino.ai?
We designed the platform to provide a frictionless experience for financial advisers, offering flexibility for advisers and licensees to customise their file notes, meeting summaries and broader processes/workflows. You are able to do this inside of your own login, in the platform – rather than sending it to us to code. All you need to know how to do is create Titles of sections you would like your AI to summarise.
Here is an example:
With advanced AI capabilities and a deep understanding of the advice process, we are more broadly on a mission to automate much of the time-heavy tasks in advice businesses.
Key features include:
- Unlimited Recording Uploads: No restrictions on meeting lengths or uploads.
- Access to Athena: Your own personal virtual assistant designed to make your workflow smoother and more efficient. Athena can help you access client information and insights by simply asking a question, and can help you prepare the right documentation; simply by asking her to in a chat interface.
- Unlimited Custom Templates: Streamline workflows with fully customisable meeting note templates, easily editable (like a word document) inside the platform by you.
- Seamless Integration: API integrations into Financial Planning providers coming shortly.
- Secure & Accessible: Encrypted cloud storage and cross-platform compatibility ensure data safety and convenience.
- Competitive Pricing: Priced competitively with all features included in our base plan.
Comparison: Filenote.ai vs. Paradino.ai
Both solutions aim to improve advisor workflows, but Paradino.ai offers several key advantages
Why Paradino.ai is the Better Choice
Paradino.ai is not just a file note and meeting summarisation tool. We are on the path to build a platform, with integrations, that offers real process and workflow automation and ensures that advisers spend less time on time-consuming tasks that could be automated. All whilst trying to improve both the back-office experience and eventually the customer experience too. We are a motivated team of ex-financial planners and have all worked in the industry for more than a decade each.
In addition to this, our pricing is at the lower end, yet offers a considerable amount of more/better features. We are 100% Australia based.