Investment managers often struggle with operational, audit and reputational risks inherent in error-prone and costly client fee billing processes. Many firms manage fee billing in spreadsheets or platforms that fall short on automation, integration and flexibility. As the complexity of portfolios increases, these outdated processes can have a negative impact on a firm’s bottom line, especially if inaccuracies result in fines, reputational damage and/or lost revenue.
As a controller, CFO, operations, compliance or billing manager, you know how imperative it is to efficiently and accurately manage revenue and cash flows securely, intuitively and dynamically to support business growth on a global scale.
Control for fee billing is an integrated, workflow-based client fee billing and revenue management solution that improves investment managers’ invoice and cash flow speed and accuracy while reducing risk. It eliminates the need to keep audit records in multiple systems, and increases efficiencies by streamlining review, audit and approval processes into one workflow while enabling your firm to stay current with its own policies and procedures.
Managing hundreds of thousands of accounts for buy-side investment firms around the world, Control supports multi-currency post-trade operations in any region or country.
Time savings compared to spreadsheet based solution
Years calculating investment management fees
AUM on average fees calculated
Easily manage complex fee schedules, performance fees, billing, and effective-date processing, complete with historical fee data and custodian-audited market values.
Customise client communications, reporting and invoicing dynamically at the account level, while supporting special payment instructions and calculation reporting requests.
Easily obtain fee estimates or projected fees for sales and executive forecasting.
Easily meet Sarbanes-Oxley Act (SOX), policy and procedure, and internal/external audit requirements.
Save time and resources by integrating billing processes with portfolio accounting systems, accounts receivable, data aggregators, and custodians.
Streamline your revenue management operations with fast, automated fee calculations, billing automation, revenue management, invoicing analysis, accounting and reporting.
Reduce risk and errors with “four eyes” billing review workflows and audit trails across market value, fee and invoice approvals throughout all the vital steps in your billing lifecycle.
Save time with out-of-the-box, default invoices with the flexibility to satisfy specific client invoicing requirements.
Easily process multi-currency fee calculations at the regional level, from fees and invoicing to analysis and reporting.
Get a clear path for Service Organisation Control (SOC) 1 Type 2 internal controls for financial reporting, and support for Sarbanes- Oxley Act (SOX) and internal audits.
Obtain quick answers to process questions during quarterly or monthly billing cycles with tailored documentation aligned with your firm’s specific policies and procedures.