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How to Become a Certified Financial Planner in India

Did you know India has only about 2000 certified financial planners? For a country has big as ours, this is too small a number. Unfortunately the reason behind this is lack of knowledge. Very few people here have understood the importance of financial planning and how a professionally certified planner can ease our financial woes.

An average middle class Indian thinks that investment is all about making a couple of insurance, hesitantly dabbling in mutual fund investments and staying far away from the stock market. While there is nothing wrong is this approach, an expert will tell you that this is enough to secure your future.

There are many ways you can invest your money wisely but to do so you need to know the methods. However it is important we realise that not everyone can grasp the complexities of managing money which is why seeking professional help is so important.

How to Become a Certified Financial Planner in India?
CFP certification in India is recognised by the Financial Planning Standards Board (FPSB). It is the nodal agency which oversees how CFPs are doing their jobs, who can be certified and whose certification must be revoked. Though they give the certification, you must enrol in an educational institute offering it as a course work. There are many emerging institutions that are now offering post-graduate diploma in financial planning.

Eligibility to Become a CFP
If you are seeking admission in one of the top CFP institute in India, you will need to know their eligibility criteria. There are two kinds of people who usually seek admissions to such courses – working professionals in the finance sector looking for official certification and fresh graduates who want to enter the industry equipped with the right degree.

Timeline of a CFP Course in India
A CFP course can be completed within 6 months or else can take two to three years – both are recognised by the FPSB. The important thing to note here is where you seek admission. There are institutes where you can seek admission for a one-year PG diploma in financial planning while the same institute may also be offering you a two-year post graduate degree in financial planning.

For a working professional, a PG diploma in financial planning seems to be a good idea. But if you are a fresh graduate still seeking to hone your skills, then a full-fledged master’s program is more suited for you.

However, you must understand that what you will be taught over a span of two years will be much more in-depth and detailed. You learning graph will be deeper and your understanding will be better in a two-year’s program. On the other hand, with a one-year diploma course, you will be able to quickly become a CFP and start a new journey towards bettering your career.

Scope for CFPs in India
Since there are few certified financial planners in India, the scope is immense. You can get into investment management, tax planning, estate and retirement planning, personal cash flow management and insurance planning. If you think you have the calibre to become a financial planner, get the required certification today!

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Why Automation Anywhere is a highly preferred RPA tool?

Businesses all over the world are looking for solutions to streamline and automate their business processes while saving time, improving efficiency and gaining profits. Robotic Process Automation aptly serves this purpose. This technology uses the virtual workforce i.e. robots software to execute the tasks instead of humans. It is being widely used in diverse industries like healthcare, manufacturing, retail, banking, Transport, Insurance, and Construction, etc. It is replacing the traditional ways of automation at a fast pace.

How RPA is better than Traditional Automation?
When compared to traditional ways of automation, RPA is considered a full-fledged automation system and can be quickly implemented. In traditional automation, the machines perform the tasks and steps of operational processes. In RPA, automation is related to the front-end of the systems and is carried out without the need to move to the back-end.

Traditional automation requires manual intervention from time-to-time as it only works on the programmatic instructions given. On the other hand, RPA is a self-managing way; it mimics user actions and takes decisions cognitively to perform actions.

Due to limitations in the programming languages in the traditional automaton, it is difficult to automate complex systems. However, in RPA, there is a lesser dependency on the system architecture.

Though, RPA will never replace the traditional automation techniques completely, yet, it is highly preferred in most industries. It is easily scalable and cost-effective investment in the long run.

Now, let us have a look at RPA tools. They play a significant role during implementation of RPA Processes. There are several tools accessible in the market, for example- Automation Anywhere, UiPath, Work Fusion, Blue Prism, etc. In this article, we are going to know in brief about Automation Anywhere.

One of the best RPA tools- Automation Anywhere
Automation Anywhere is the only cloud-native and web-based RPA platform powered by AI experience. It is being used by over 3500 customers across the globe in more than 90 countries today. It is the most widely-deployed platform amongst all other. This platform provides capabilities to automate complicated operations in businesses that are usually performed by humans. This RPA vendor is progressing at a fast pace and its future seems bright.

The Architecture of Automation Anywhere
It is a client-server based distributed architecture and has three principal components in it:

Control Room:
This is the core component or the brain of this architecture. It is a centralized control and management layer that handles Bot Creators (creation of bots) and Bot Runners (bot execution). It provides features like source control, state of bots, dashboard, license management, etc.

Bot Creators:
This component is used for bot development and editing. Bot creators are desktop-based applications used for uploading and downloading the bots. The bot code is stored in the Control Room and all the bots can be combined and executed simultaneously.

Bot Runners:
This component is used for the execution of the bots and multiple bots can be executed simultaneously. Bot Runners are connected to the Control Room for reporting the status of the execution log.

Features of Automation Anywhere

It provides platform independence.
It ensures bank-grade security.
Since it automates complex business operations, human errors are reduced to a large extent.
It enables faster and easier exchange of data between files or applications.
It ensures real-time analytics and reports.
It enables script-less automation.
It has cognitive capability and re-usability.
It helps in increasing transaction speed.
It supports macro recorders for high-speed process mapping.
In Automation Anywhere, there is auto-login functionality to run the tasks, even though the computer is locked.
It allows task distribution to multiple computers simultaneously.
It offers high security through encryption, authentication and credentials.
Applications where Automation Anywhere is used

The banking industry uses this RPA tool for compliance processing, loan processing, customer account management, etc.
The insurance industry uses Automation Anywhere for processes like report automation, claims processing and administration, prioritize and assign claims, etc.
Healthcare organizations use it for forms processing, inventory management, digital invoice generation, etc.
The manufacturing industry uses Automation Anywhere for corporate billing reports, sales order systems, payroll processing, purchase and order processing, supply chain management operations, etc.
Key Takeaways:
We have seen an overview of Automation Anywhere. It is fastest to scale and secure by design. This user-friendly tool is already being used by several medium and large-sized organizations for automating their data entry and mundane tasks. It saves time and cost on manpower to a great extent.

Biz4Solutions is a leading RPA service provider in Texas. We have automated in-house processes of several global clients using Automation Anywhere tool. Drop us a line to know how our RPA services can take your business to the next level!

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Things You May Experience After Your Pregnancy

If you are currently pregnant or plan to become pregnant, you’ll want to be aware of some of the changes that you may go through after giving birth. Some changes are temporary and should be considered a normal part of having a child, but other changes could indicate that you’re experiencing complications that should be brought to the attention of a doctor. Here are five things you may experience after your pregnancy.

1. Sweating or Feeling Chilled More Than Usual

Sweating excessively or experiencing chills suddenly even when the air temperature isn’t cold can be normal for some women after giving birth. According to Cleveland Clinic, you may have a condition known as postpartum chills if you find yourself shivering intensely after your baby is born, and this normally harmless condition can occur because of hormone fluctuations or a loss of fluid or heat from the body. If you find yourself waking up in the middle of the night from sweating profusely shortly after giving birth, you should know that night sweats can also be a normal part of postpartum life because of hormone fluctuations that result from your body getting rid of excess fluids. Even though excessive sweating and chills are usually harmless after pregnancy, you should still let your doctor know about these episodes to make sure there are no serious underlying conditions.

2. Losing Your Hair

Hair loss can be a startling change for some women who have recently given birth, but this change is quite common. When you’re pregnant, the extra estrogen in your body can keep your hair from shedding at its normal rate, and your hair can thin and fall out at a faster pace once your estrogen levels have dropped after pregnancy. You may notice this hair loss soon after your pregnancy or a few months after giving birth, but your hair loss should return to its normal rate in six months to a year after you’ve had your baby as your estrogen levels become normal once again.

3. Abdominal Changes

It’s obvious that the shape of your belly will change as you progress through each stage of your pregnancy, but you should also be aware of some of the changes in your abdominal region that you might experience after giving birth. You may notice that you still look pregnant even after giving birth because of an enlarged abdomen, but you should eventually go back to your normal size after the postpartum swelling has subsided and you’ve lost the extra baby weight through diet and exercise. A condition known as diastasis recti, which results in a gap in the abdomen because of abdominal muscle separation, can make your stomach protrude and can usually be corrected by performing some specific exercises that are designed to reverse the condition.

4. Increased Foot Size

Weight gain and hormonal fluctuations during pregnancy can increase the size of your feet, but you may need to start wearing a larger shoe size for the rest of your life after pregnancy. Hormones that change the tightness of ligaments in the feet can make your feet longer and flatten each foot arch, and these ligaments often remain looser and don’t go back to the way they were before your pregnancy. You may also need to choose shoes that are wider in width to accommodate the extra foot growth. Losing the extra weight that you gained during pregnancy may help decrease your foot size, but you may still need to wear a larger shoe size permanently.

5. Postpartum Depression

Even psychological changes can occur after pregnancy, and you may be one of the women who develop postpartum depression soon after your baby is born. Many women find themselves feeling more depressed than usual and may experience spontaneous crying spells for a while after giving birth, but postpartum depression results in more serious feelings of sadness that may need to be addressed by a mental health professional. With postpartum depression, you may not even start developing symptoms until a year after giving birth. Symptoms of this condition often include strong feelings of anger or irritability and an unusual increase or decrease in sleeping and eating. If you have thoughts of harming yourself or your baby because of your postpartum depression, you should seek immediate help.

Knowing what to possibly expect after your pregnancy can help you prepare better for certain physical and mental changes that sometimes occur in the post-delivery phase of your life. Consulting with experts and following the right advice can help you navigate through these changes with fewer negative impacts on your life.

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