Zurich, Switzerland (10.09.2018) – Quartal Financial Solutions, a leading global provider of cloud-hosted revenue and expense management solutions, announced that its Quartal COMMISSION solution is now in full production use by HSBC INKA; one of the largest master KVGs in Germany.

Quartal COMMISSION, now installed as an integral part of a platform supporting some €400 billion of assets, is being used to i) calculate, and initiate payment, of commissions due across the extensive distribution network and ii) to calculate and reconcile fund rebates due to numerous custodians and external fund managers. The calculated commissions and rebates are fully integrated with INKA’s bespoke reporting suite.    

The successful implementation project, completed on time and to budget, has ensured an early realisation of HSBC INKA’s business drivers which include reduced operational risk, improved operational efficiency and enhanced data accuracy and transparency.