Redi2 Revenue Manager™ is the industry-leading fee billing and revenue management solution to the global financial services industry. Revenue Manager is uniquely designed to handle the varied and complex billing automation needs of investment managers, broker-dealers, RIAs, and service/platform providers. With Revenue Manager, billing operations can confidently tackle billing problems that range from the most basic and benign, to the most complex and crippling. In addition to functionally rich and flexible, Revenue Manager provides users with an intuitive and modern user interface. Redi2 has a reputation in the industry for being a forward-thinking company, and the Revenue Manager product is a reflection of this culture.
Redi2 STP adds intelligent exception management functionality to Revenue Manager. With Redi2 STP, your administrators can create and manage business rules that identify potential setup issues and billing anomalies within your billing data. You simultaneously improve the efficiency and the accuracy of your billing when your users can focus more on the exceptions.
Within present day billing operations, asset aggregation and the resulting fee discounting effect has become the standard and the norm. Offering pricing that incents, and is aligned with asset diversification and asset growth, is a top priority for firms in the business of managing, advising on, or administering client assets. Revenue Manager supports a wide variety of asset aggregation methodologies (e.g., householding, book-of-business), empowering client services teams to implement the most innovative and competitive pricing models for your firm.
Many times you do business in a country and/or province where your firm is responsible for calculating and collecting tax monies associated with asset management services. Revenue Manager lets your administrators easily build custom tax eligibility and calculation rules for each tax authority requiring your firm to calculate and levy taxes. Revenue Manager also calculates, invoices, and distributes the tax monies based on your custom rules.
Performance-based fees are becoming more and more common with asset management firms. In the wake of the recent global economic recession, more investors are demanding that portfolio performance become a key driver to determining the fees they pay. Revenue Manager supports replacing and/or supplementing your asset-based management and advisory fees with performance-based fees. The determination of Revenue Manager performance-based fees are generally and fundamentally based on comparing client portfolio performance with the comparable performance of an established benchmark.
Client communications are an intrinsic part of billing, and for that reason Redi2 offers powerful technology and functionality that can produce professional-looking and easy-to-read invoices and fee statements. With invoice formatting at the fingertips of your business users, Redi2 empowers billing professionals to create and maintain customized templates for billing invoices and statements.
Revenue Manager is designed from the ground up to capture, monitor, and report changes that users make to key billing data, such as account information, valuations, and fee schedules. Capturing and storing these changes help your firm satisfy auditors’ requirements and provides better transparency into the billing process.