Wealth Management > Solutions > Third-Party Distribution

Quartal COMMISSION is a market leader in the calculation, invoicing and controlling of third-party distribution fees and commissions. With an open architecture distribution network, distributors of third-party financial products are looking for solutions that offer control, visibility and transparency in the collection of distribution fees and commissions (e.g. trailer fees and rebates). The ability to prove how fees and commissions are to be calculated and to control their collection is an important aspect of an effective third-party distribution activity and of paramount importance from a compliance and audit standpoint.

In this scenario, Quartal COMMISSION has emerged as a trustworthy, able and cost-effective tool to manage and control third-party distribution agreements and their related invoices and payments, including powerful payment reconciliation and collection capabilities.

Benefits

Increased Revenue

  • Timely billing and collection to decrease monetization cycles and increase liquidity
  • Automated billing workflows to reduce revenue leakage
  • Automated payment allocation/reconciliation and collection

Reduced Costs

  • Increased automation in areas such as receivable commissions calculation, contract management, data imports/exports, and allocations/reconciliations
  • Increase in efficiency through sophisticated workflow processing/STP
  • Standard interfaces to major custodians (Clearstream, Euroclear etc.) and accounting systems (SAP, Oracle GL, etc.)

Reduced Risks

  • Automated compliance reporting and full audit trail of data changes & system interventions
  • 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 fee and commission calculation and invoicing process
  • Automation in calculation of accruals & actuals, and accounting entries
  • Revenue allocation & transfer pricing (including accurate accounting), revenue forecasting
  • Scenario analysis & simulations
  • 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