Capital Markets > Solutions > Execution & Clearing Commission Management

Quartal COMMISSION is a market leader in calculation, invoicing and automation of commissions and fees charged to institutional clients. Quartal COMMISSION calculates trading commissions, transaction fees and other activity fees such as meeting and conference services and collates all those fees into structured, transparent invoices for each client. Given the large volume of accounts and transactions, banks and brokers require solutions that offer control, visibility, transparency, complex calculations, and meet regulatory demands.

Quartal COMMISSION has the ability to prove how commission has been calculated and allocated to specific accounts for a customer and also to separately allocate revenue to profit centers within the business using the same data set which ensures that the accuracy and control of the process is visible and demonstrable.

Benefits

Improved Transparency & Service Levels

  • Clarity on the entire commission and expense calculation and invoicing process
  • Automation in calculation of accruals and actuals, accounting entries, & cost allocation
  • Improved reporting and forecasting
  • Revenue allocation and client invoicing from a single data set

Reduced Risks

  • Regulations compliance including automated compliance reporting and full audit trail
  • Improved information accuracy with automated workflows & controls, and automated import/export to internal and external sources
  • Highest security standards

Increased Revenue

  • Reduction & control in revenue leakage by automated billing workflows & automated controlling reports
  • Enforcement of revenue and discount policies
  • Timely billing & timely payments

Reduced Costs

  • Increased automation in calculation of commissions, contract management, data import/export and allocations/reconciliations
  • Reduced operational and sales costs
  • Increased efficiency through sophisticated workflow processing/STP

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 most complex fee/commission structures
  • Standardization of agreements and revenue/expense policies