London, UK (09.01.2018) – Quartal Financial Solutions, a leading global provider of cloud-hosted revenue and expense management solutions, announced that its Quartal FEE MANAGER application has been selected by the global asset management arm of one of North America’s leading financial institutions. With operations across 16 countries and territories, Quartal FEE MANAGER was chosen ahead of its competition and will form a key component of the strategic transformation of finance operations.

With a successful track-record of delivering tangible business benefits to its users, Quartal FEE MANAGER will be used to:

  • Lower operating costs through the automation of manually intensive business processes
  • Reduce risk through the creation of a repeatable, exception-based, rules-driven operating model
  • Improve transparency and access to key Management Information by centralizing revenue and expense data in a single repository
  • Provide the foundation for comprehensive financial modelling, forecasting and analysis

The deployed solution will be delivered as a SaaS-based, fully managed service with the initial phase covering revenue and fee management for North American and UK operations. Further phased roll-out will extend to cover the Asia-Pac region, distribution expenses and revenue allocation/transfer pricing. 

Commenting on this prestigious win, Gary Watts, EVP of Sales and Business Development at Quartal said, “It’s always exciting to include further blue-chip accounts within your client list and the addition of this account brings exactly that. We have had a strategic focus on growing our North American presence and this new business acquisition is further evidence of the success resulting from that investment”.