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Electra Billing

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

Fast & Accurate
Streamlines your revenue management operations with fast, automated fee calculations, billing automation, invoicing analysis, accounting and reporting
Workflow Driven

Integrates “four eyes” billing review workflows and provides audit trails across market value, fee and invoice approvals throughout vital steps in the billing lifecycle          

Flexible Invoicing
Provides out-of-the-box, default invoices – providing greater consistency with the flexibility to satisfy specific client invoicing requirements

Helping controllers, CFOs, operations, compliance and billing managers improve fee billing operations, whether you manage institutional or retail accounts, or a combination of both.

Electra Billing eliminates the need for firms 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, Electra Billing supports multi-currency post-trade operations in any region or country.

 

 

What Risks Are You Taking with Your Client Fee Billing Operations?

Learn about the six common yet unnecessary risks investment managers take when they use a fragmented, manually intensive process – including spreadsheets – for client fee calculation, billing, cash flow and revenue management.

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Bring Accuracy, Speed and Risk Reduction to Your Client Fee Billing Operations.


Start Improving the Quality and Speed of Invoicing, Revenue Flow and Client Service. 

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Learn more about the features and benefits of Electra Billing.

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Fast and Accurate Fee Calculations, Invoicing and Cash Flow

Electra Billing streamlines your operations with fast, automated fee calculations, billing automation, invoicing analysis, accounting and reporting. Managing hundreds of thousands of accounts for buy-side investment firms around the world, Electra Billing provides an intuitive, integrated and workflow-based client fee billing process and supports multi-currency post-trade operations in any region or country.

 

Efficient, Compliance-Ready Workflows

Electra Billing increases the accuracy and efficiency of approval workflows throughout vital steps in the fee billing lifecycle – from market values, fee calculations and schedules, to invoice formatting, distribution and centralized audit reporting. It automates and integrates “four eyes” billing review workflows, and provides audit trails across market value, fee and invoice approvals. Electra Billing also helps provide a clear path for Service Organization Control (SOC) 1 Type 2 certification to prove strong operational control.

 

User-Defined, Standardized Invoices

To meet specific client invoicing requests and save time, Electra Billing offers firms the flexibility to define default data inputs and formatting options for specific client invoices while allowing for further customization on-demand. It provides controls for instruction labels, custom footers, additional formatting options, as well as invoicing audit and fee accounting information.

 

 

 

Policy-Aligned, Online Documentation

Electra Billing provides a “living” online documentation section that is aligned with a firm’s client fee billing policies and procedures. This is especially valuable to firms on quarterly billing cycles, to help occasional or new users obtain quick answers to process questions as they arise.

 

 

 

Integrated Data and Reconciliation

When used with the Electra Data aggregation service, data is collected on accounts, as-of dates and audited market values – plus asset classes, if required – from your custodians or your internal accounting system, for use within Electra Billing, which can receive information from our award-winning Electra Reconciliation solution to improve invoice accuracy and speed to revenue.

 

KEY FEATURES

Complex fee schedules, performance fees and billing
Approval and audit workflows for various billing cycle steps
Online documentation aligned with policies and procedures
Effective-date processing, complete with historical fee data
Custodian-audited market values
Automatic payment withdrawal direct from custodians
Full control of the data used, down to the fee
Fee estimates or projected fees for forecasting
Integration with portfolio accounting systems, accounts receivable, data aggregators, and custodians
On-demand customizable invoicing, client communications and reporting
Support for special payment instruction requests
Highly granular user security supporting Sarbanes- Oxley Act (SOX) and internal audits
Multi-currency fee calculations, invoicing and payments
Supports SOC 1 Type 2 internal controls for financial reporting