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Features and Benefits
By facilitating the workflow and job satisfaction of your stakeholders, our sophisticated yet easy-to-use fee billing solutions help enhance client service delivery, improve your firm's reputation in the marketplace and strengthen your client relationships. Specifically, our solutions enable you to:
Increase Operational Efficiencies
- Securely automate complex fee calculations
- Generate monthly accruals with the click of a button
- Generate fees, invoices, statements and journal entries without manual intervention
- Create or adjust client invoice or statement formats without programming
- Distribute invoices or statements via mail, e-mail or fax upon automated or manual approval
- Identify billing workflow status with daily operational status reports and e-mail alerts
- Support new investment products without increasing administrative overhead
- Quickly adjust or correct fees even after they are booked to the G/L
- Allow service reps to access fee data and client invoices from any geographic location or office via the Internet
- Seamlessly integrate with any third party vendor system for market values, contributions/withdrawals, client/contact data, performance measurement details, exchange rates, investment products and attributes
Enhance Cash Flow and Eliminate Fee Leakage
- Distribute invoices within days of month-end or quarter-end
- Create direct debit feeds to collect cash immediately after fees are calculated
- Ensure each account, investment, portfolio and/or fund is accrued and billed every single accrual or billing period
- Support new investment products without increasing administrative overhead
- Leverage effective date fee schedules with billing discounts for recurring or specified billing periods
- Improve collections efforts with aging reports and dunning letters
Improve Management Information Reporting and Analysis
- Reconcile accrued vs. billed amounts to better assess your revenue position on a monthly, quarterly or annual basis
- Review client setup reports to understand the full contractual complexities of any given client
- Analyze which clients or accounts are generating the most/least revenue
- Breakdown fee data on a monthly, quarterly or annual basis by revenue type, product or any other system attribute
- Prepare for and project future trends by forecasting what-if scenarios
Achieve Regulatory Compliance and Tighten Risk Management Controls
- Track who made what changes, when and why to all client/contact data and fee schedules
- Review automated reports of user-specific or data entity-specific changes within the system
- Control access to who can see which business entities, client data or billing rules
- Control entitlements of users to ensure that only authorized personnel can enter, modify or delete data
- Use data integrity checks to identify any unassigned accounts or products to ensure complete client setup
- Derive tax regulation benefits (VAT/QST)
Increase Retention of Your Stakeholders and Clients
Your firm's performance is inextricably tied to that of your internal stakeholders: operational team members, support professionals and financial administrators need accurate fee billing and revenue management support to do their jobs effectively.
- Improve job satisfaction for operational team members that expect a high-quality fee billing and revenue management system to ensure they can succeed on the complex, time-sensitive demands that are being placed on them
- Improve job satisfaction for IT support team members that deserve superior service by interacting with professional product, technology and industry experts
- Empower your team to quickly eliminate any CFO or CAO headache associated with billing, commission calculation, third party pay-outs, invoice generation, invoice distribution, direct debit processing, accrual calculation, journal entry posting, and revenue reporting, forecasting and analysis
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