Capital Markets > Solutions > Trade Fee Management
Trade fee management has become significantly more complex as client-specific charging structures and extended product ranges with complicated fee structures are added to a high volume environment. A solution is required that can handle both the complexity and volumes but also provide accuracy, transparency and control of the overall process. Quartal Financial Solutions’ Quartal FEE MANAGER is a leader in calculation, charging and invoicing of trading fees by brokers and investment banks and provides the flexibility, breadth of product functionality and accuracy that leads to a level of automation and transparency that is critical to manage a high volume process in a highly regulated industry.
Benefits
Improved Transparency & Service Levels
- Clarity on the entire fee calculation and invoicing process
- Automation in calculation of accruals and actuals, accounting entries, & cost allocation
- Focus on exception management and not basic processing
- Improved reporting and forecasting
- Scenario analysis & simulations
Increased Revenue
- Reduction & control in revenue leakage by automated billing workflows & automated controlling reports
- Enforcement of revenue and discount policies
Reduced Risks
- Regulations compliance including automated compliance reporting and full audit trail
- Improved information accuracy with automated workflows & controls, and automated import/export to internal and external sources
- Highest security standards
Reduced Costs
- Increased automation in contract management, data import/export and allocations/reconciliations
- Increased efficiency through sophisticated workflow processing/STP
Key features
- Scalable solution to support global growth
- Single global system for invoices, fees, commissions and rebates
- Customizable solution able to handle the most complex rules or conditions
- Customizable solution able to handle exceptions and exclusions
- Customizable solution able to handle tariff/discount management
- Ability to incorporate most complex fee structures
- Standardization of agreements, processes and policies