ProviBPO™

CleverSoft is a leading provider of billing services for investment companies, asset managers and distributors in the context of outsourcing the entire commission billings and all related processes, such as sub-adviser billings. By outsourcing of aspects that do not belong to the core business, our customers can increase the quality of their processes and to realize other savings, without a direct intervention.

Together with the customers, we build the foundations for the later outsourcing of billing processes. That includes content issues, such as billing intervals, tolerance limits for stock reports, booking system and provisioning policies, as well as technical criteria for systems' design. This is integrated with the Financial Services Toolbox of CleverSoft and based on our knowledge base - the best-practice approaches of our past projects.

In our current business, among other things, we are performing the following activities:

• Master Data Management (funds, business partners, contacts)
• Stock acquisition and commission payments
• Proxies and consultants' billing
• Accruals and provisions for financial statements and regulatory reporting
• Distribution Agreement Management
• Management reporting including gross margin calculations