Paradigm Mortgage Services has struck a partnership with MyGabriel Accounting Solution.

The MyGabriel software simplifies the submission of Gabriel reports as required by the FCA – reportedly in under 15 minutes. It also comes with accounting functionality

Paradigm says that member firms who sign up to it will be able to take advantage of a discounted rate and benefit from one-to-one training as well as telephone and email support.

User will also enjoy a six-monthly pre-Gabriel review to help with preparation and filing.

Paradigm chief executive Bob Hunt says: “Provision of regulatory-required data to the FCA is a significant responsibility for directly authorised firms and can often take up a considerable amount of time and energy in order to produce the required report.

“This new relationship with MyGabriel offers our member firms access to its fantastic software solution which can, if required, work with their accounting software, producing all the necessary information within 15 minutes.”

MyGabriel director Anthony Boggiano adds: “We are pleased and excited about this new partnership with Paradigm and have high hopes for the future.

“MyGabriel allows Paradigm member firms to streamline their Gabriel filing processes, speeding up the preparation of information and simplifying the submission of returns to the FCA. This can free up time to concentrate on client care and revenue generation, while also ensuring compliance matters are being dealt with.”