London, UK (18.12.2018) – 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 one of Europe’s largest independent Asset Managers. With operations in over 25 countries covering Europe, the Americas and Asia Pac, the Asset Manager offers products across a range of equity, fixed income, multi asset and alternative strategies. Specialist investment services are provisioned through segregated accounts and investment funds to some of the world’s largest pension funds, financial institutions, sovereign wealth funds, intermediaries and their clients

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

  • Implement a single, enterprise-wide revenue and expense management platform
  • Enforce consistent, repeatable, operational / accounting processes and procedures
  • Reduce operational costs by minimising human intervention via automation
  • Support continued business growth without a corresponding increase in operational cost
  • Reduce compliance risk and potential for fee leakage
  • Provide consistent invoices to clients and consistent information to CRM
  • Improve accessibility to revenue data for improved MI (operational and commercial)

The deployed solution will be delivered on-premise, with the initial phase, covering revenue and fee management for UK operations, being delivered in Q2 2019 and the remainder being part of a second phase roll-out, planned for the beginning of Q4.