Increase Efficiency, Decrease Risk
Client billing workflows all rely on the same underlying data – fees, invoicing rules, client and custodial data. Individual tasks, however, are conducted as separate and manual activities by many firms. This makes the entire process inefficient and error-prone, and ultimately increases the firm’s operational risk
Advent Revenue Center provides a solution – that both increases efficiency and decreases risk.
A centralized and secure source contains all revenue rules, relationship information and receivables history. Everything is defined and managed from the central platform:
- Rules – for fees, invoicing, or custodial debits – are located here,
- Receivables are tracked,
- Custodian debits can be monitored and reconciled,
- Revenue sharing with external or internal parties can be managed.
Invoice production is automated, efficient and accurate. Payouts, from revenue sharing, are less complicated and cumbersome. Reports can be produced for the firm’s management.
Advent Revenue Center increases efficiency, ensures accuracy and helps mitigate operational risk.
Find out more by for a Live Demo or Customer Reference.