Zurich, Switzerland (09.12.2015) – Quartal Financial Solutions (Quartal), the leading provider of fee and commission management software for the global financial industry, today announced that it has signed a contract with a large, Top 10 Swiss asset manager to provide outsourced performance fee calculation services for its mandates and funds business. The implementation phase of this contract has already begun and is expected to go live in January 2016.

Through its market-leading Quartal FEE MANAGER solution, Quartal will follow a process of analyzing calculations and agreements of existing and new mandates and funds, running performance fee calculations on behalf of the asset manager, generating invoice reports for each mandate/fund of the asset manager and also setting up additional new mandates or changing existing ones. Quartal FEE MANAGER has been widely recognized as a powerful fee billing and revenue management software, a customizable cloud-ready solution for automated calculation, invoicing and reporting.  Quartal FEE MANAGER supports complex performance fee calculation algorithms, including high watermark calculations and resets, the management of performance fee caps and floors, outperformance calculations and carry-forward underperformance, and multi-currency conversions. What sets Quartal apart is its highly customizable solution and its calculation and processing engine designed specifically to handle all aspects of billing and revenue management.

Thierry Zuppinger, Quartal CEO said,

We are delighted that this prestigious global asset manager has chosen to work with Quartal. Performance fees are common within asset management and are becoming increasingly complex to handle internally due to lack of knowledge and specialized software to handle them. Quartal’s software-based service offering with inherent flexibility to handle a large variety of outsourced performance fee calculations has resulted in reduced revenue leakage, lowered operational costs, reduced risks, improved transparency and better service quality for our clients. This contract is a significant milestone for us and an indicator of how fast our solution is being adopted in the industry.


About Quartal Financial Solutions

Quartal Financial Solutions is a market leading-provider of fee and commission management, and revenue and expense lifecycle management software for the financial and insurance industry. Our flagship products, Quartal COMMISSION and Quartal FEE MANAGER, are used by key players in the asset management, wealth management, securities servicing, capital markets and insurance industry segments. We automate complex calculation, payment and invoicing processes, along with reconciliation, budgeting, contract and workflow management, and high-end reporting. Our clients enjoy reduced operating costs, higher performances, quick Return on Investment, and cutting-edge technology by using our products.

Quartal was founded in 1999 in Zurich. We also have offices in London, Luxembourg and Frankfurt. Quartal Financial Solutions currently has more than 30 clients and over 50 installations in 13 countries across Europe, United States, and the Asia-Pacific region.