London,United Kingdom (05.03.2020) – Quartal Financial Solutions is happy to inform that Commerzbank, a long lasting customer has upgraded to Version 11 of Quartal FEE Manager. Commerzbank (CB) Market Services division has been using Quartal’s solutions to centrally invoice various fees within the Custody, OTC and Derivatives business units across various international locations since 2015. The upgrade to release 11, which provides several advantages in functionality, technology and security, is enabling CB to leverage from several additional product features. In particular, the software’s new calculation engine provides significant performance improvements in transaction and asset based fees and affords major flexibility in the handling of fee schedules.

Amrit Sahota, Project Manager of Quartal commented: “By upgrading to Quartal latest version, CB can now benefit from a number of new product features including minimum fees, external payments and dynamic grouping. The core mandate of the project was to ensure that the client was transitioned across to use functionality available in the product rather than bespoke customisations which had been implemented in CB’s earlier version. This exciting project’s success was down to the hard work and continued drive of the experienced Quartal team.”