Asset Management > Solutions > Distribution Commission Management

As pressure from regulators and stakeholders’ increases, asset managers are looking for greater transparency, control and visibility in their distribution commission management process and system. The need today is for a solution that gives accurate, auditable results and can provide the transparency levels needed to satisfy even the most rigorous of inquiries. As the distribution network expands in size and geography, solutions are required that can handle large distribution agreements and structures while accommodating regional differences and distributor-specific needs.

Quartal COMMISSION is the market-leading solution for calculation and payment of commissions, distribution fees, retrocessions and rebates by the providers of financial products to distributors. Quartal Financial Solutions has the technology, the financial expertise and the experience that you can trust. Our business consultants will not only provide you solutions, but also suggest best practices and market standards to follow. In addition to our breadth of functionality, over a period of time our solutions will also provide you with business intelligence related to client profitability and other relevant KPIs.

Benefits

Reduced Costs

  • Reduced operational and sales costs
  • Increased automation in areas such as payable commissions calculation, contract management, data imports/exports, and allocations/reconciliations
  • Increase in efficiency through sophisticated workflow processing/STP
  • Standard interfaces to major custodians, accounting and payment systems

Reduced Risk

  • Regulations compliance including automated compliance reporting and full audit trail
  • Improved information accuracy with automated workflows and controls and straight-through imports/exports from internal & external sources
  • Highest security standards

Improved Transparency & Service Levels

  • Clarity on the entire commission calculation and payment process
  • Automation in calculation of accruals & actuals, accounting entries, and cost allocation
  • Scenario analysis, cost modelling and benchmarking
  • Client self-service web portal
  • KPI reporting and dashboard suite

Key Features

  • Scalable solution to support global growth
  • Single global system for invoices, fees, commissions and rebates
  • Customizable solution able to handle the most complex rules or conditions
  • Customizable solution able to handle exceptions and exclusions
  • Customizable solution able to handle tariff/discount management
  • Ability to incorporate even the most complex fee/commission structures
  • Standardization of agreements and revenue/expense policies