Zurich, Switzerland (16.07.2019) – Quartal Financial Solutions, a leading global provider of cloud-hosted revenue and expense management solutions, announced that the investor services division of one of its largest clients has extended the scope of its Quartal relationship. The privately owned, global, US-based managed financial services firm, has signed a 5 year licensing agreement for Quartal COMMISSION along with a managed services engagement for consulting and associated services, and are currently engaged in an upgrade of their current version of the software to Quartal’s newest flagship version 11.

The upgrade to release 11 will be used as an opportunity to implement and leverage additional product features, allowing for further operational efficiency gains with respect to third-party commission and rebate management processing. Beyond this, the software’s new .Net calculation engine, originally introduced as part of release 10, provides on-going, linear performance improvements, to further reduce processing times as volumes increase in what is already, a data intensive, high throughput commission, rebate and payments process.