Client overview
- Global Investment Manager / AUM: $1+ Trillion
- Specializes in investment strategies for institutions, retirement platforms and individual investors
Problems Faced
- Initial billing needs built on existing technology
- Growth in the firm's book of business increased the complexity of fee agreements
- The existing solution was quickly outgrown, leading to manual workarounds
- Undocumented processes and single resource points of failure
- Pressure to send invoices and track payments promptly for high-net-worth clients
- Difficulty cross-training and leveraging resources from other business units
- Seeking an enterprise solution to scale fee billing across five business units with a single solution
Broadridge Solution
Broadridge enterprise fee billing management solution supporting Asset Managers, Wealth Managers, and Capital Market business lines.
- Revenue & Expense Fee Billing
- A/R & Collections
- Reconciliations
- Business Intelligence
Why Broadridge
- Maximized revenue and cashflow with an enterprise-ready solution
- Minimized fee leakage through accurate billing and compliance fulfillment
- Unprecedented control and transparency through automated business processes
- Adoption of global billing standards enterprise-wide
- Documentation and auditability of calculations within an account hierarchy structure
- Met multiple business requirements under a common operating model
Client Results
- Streamlined Billing Operations
- 80-100% reduction in manual fee calculations
- Improved capability to scale operations and growth objectives
- Increased Client Transparency
- Simplified their fee proration calculation methodology
- Updated client invoice format layout with modernized layout and consistent taxonomy
- Flexible Technology Architecture
- Increased integration between systems within the firm and the billing platform to automate data transmission
- “Quicker roll out of new product offerings"
Product spotlight: Enterprise fee billing management solution for financial institutions
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Talk to our experts
- Robust functionality: Calculate fees without additional development
- Comprehensive subledger: Supports multi-currency
- Efficient workflow: Enables STP and ensures due diligence
- Unified collaboration: Different teams, one dataset
We’re happy to share our expertise to you can asses where you are and where you need to be.