Wealth and Asset Management Firms Streamline Account Data Collection and Invoice Approval Using Fee Billing from Fiserv
New process automation capabilities simplify the user experience, facilitate efficiency and provide transparency into billing and invoicing
- Streamline and automate the collection of new account data from multiple touchpoints including faxes and emails, reducing manual rekeying of data and exposure from human error
- Provide transparency into the real-time status of all invoices throughout each stage of the billing process via a management dashboard, enabling easy identification of exceptions
- Perform comprehensive invoice validations prior to releasing invoices for payment, helping to ensure invoice accuracy and audit controls
Advantage Fee is used by leading wealth management, custody and trust firms to aggregate financial transactions, calculate fees based on fee agreements, and invoice clients for financial services rendered. Advantage Fee also includes revenue forecasting and “what-if” analysis, allowing users to create rolling forecasts based on key variables and anticipated business events, such as new business and product offerings, pricing strategies, and rate shifts.
“Incorporating process automation capabilities with the powerful calculation engine of Advantage Fee is a ‘win-win’ for billing and operations managers eager to increase billing efficiency and accuracy and accelerate invoicing,” said
The newly integrated process automation capabilities are built on technology developed by Appway, a global leader in onboarding solutions.
“Fiserv takes the time to understand its clients’ business processes, which enables them to enhance solutions in ways that deliver superior value,” said
Advantage Fee from
- Protect Your Bottom Line – Prevent Billing Inaccuracy and Revenue Loss – fisv.co/billingwebinar
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