Fees Calculation and Invoicing
Fees Calculation & Invoicing
The process for calculating investment fund fees and commissions continues to grow in complexity, and can be extremely onerous. Furthermore, it is an area of increasing focus for Auditors.
To address these issues, Investmaster has partnered with Redi2 Technologies, Inc to provide Revenue Manager, a comprehensively rich Fees Billing, Invoicing and Commission Calculation solution that offers complete control and flexibility in servicing both clients and/or agents.
Revenue Manager provides benefits in two distinct areas:-
Operational
- A substantial reduction in FTE and associated overheads
- Data aggregation from disparate systems for fee calculations
- A robust, auditable, multi-site solution
- Complete control and flexibility for the calculation of complex fees
- A straight through process providing bespoke invoice output, tailored with as little or as much information as required
- Improved Cash Flow through faster invoice production
Client Servicing
- Flexibility to meet different client fee schedules eg Performance, Transactional, Basis Point, Tiering/Banding, Minimums, Maximums
- High quality and detailed output for all clients
- Comprehensive analytics bringing focus on key clients, product lines, regions etc
- Better client management with Client Relationship Managers able to access invoice images direct from the system
The financial market place continues to move away from periodic fee calculation and a six monthly/ quarterly billing towards a monthly billing basis, with an associated increase in workload for the finance team. With the capability to define fee types, schedules, and complex calculation methods according to business requirements, Revenue Manager fully automates the billing and invoice process, providing a robust, economical and efficient solution.
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