Wealth Management > Solutions > External Asset Management

Quartal COMMISSION is a market leader in the calculation and payment of commissions and retrocessions paid by banks towards external asset managers, financial intermediaries and finders or introducers. Given the large volume and wide range of calculations, banks and wealth managers are looking for solutions that offer control, visibility, service quality, transparency, and can meet regulatory and compliance related needs.

In this scenario, Quartal COMMISSION has emerged as a trustworthy, able and cost-effective tool that automates the entire commission calculation and payment process for any banking product or service.

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 accounting systems (SAP, Oracle GL, etc.)

Reduced Risks

  • 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 any rule or condition
  • Customizable solution able to handle any 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