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The Case for Streamlining Fee Billing and Revenue Management

Sponsored By Fiserv

Topics:: Accounting > Revenue Management; Banking & Capital Markets > Investment Banking; Budgeting & Planning > Forecasting

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Abstract:: In many financial services organizations, different classifications of assets-under-management are tracked on different systems and spreadsheets while fee calculations are performed manually. This makes preparing invoices for investment clients quite a challenge. In recent years, the problem has intensified since corporations and businesses have become more savvy in their investment strategies and require more diversified portfolios, relationship-based pricing and detailed billing information. Tracking and calculating fees related to a myriad of asset classes, pricing structures and potentially subcontracted management is making invoice creation increasingly more complex.
In addition, declining margins have also focused attention on the need to contain losses due to delayed billing, under-billing and non-compliance. To sustain cash flow and profitability, financial services organizations should consider billing process integration and automation to accelerate the production of accurate and transparent.

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Released: August 17, 2010

Length: 4 pages

Format: PDF (88 kb)

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