ProviAM™ is the premium software to settle all kinds of fund-related commissions.
This includes convenient mandate settlement of trailer fees with various special commissions (e.g. overwrite, intermediation, super and internal commissions) for various investment instruments such as open-end funds, certificates and asset management portfolios. The settlement of fees for investment advisors and submanagers is also carried out without problems.
During the settlement process the contract partner’s holding statements are validated against holding statements of platforms or custodians such as Clearstream or Euroclear. Fund prices (NAV, Volume, etc.), currency exchange rates, holidays as well as the received holding statements are imported fully automatically. For a better integration into your IT landscape ProviAM™ contains various customizable interfaces to your accounting and CRM systems.
- Core functions
- ProviAM™ Integration
- Holding Statements Validation
- Billing generation
- Billing calculation
- Billing as PDF document
- Billing details
- Zusammenfassung Abrechnungen
Import and control of holding statements
A contract partner’s holding statement is imported automatically as soon as the mail is received. All holding statements of contract partners are plausibility checked using algorithms against the data of central custodians such as Clearstream or Euroclear.
Audit and control functions
Permissions of individual users can be assigned via defined profiles.
Change tracking ensures that all changes are documented.
Data relevant for the billings is released and authorised according to the four-eyes-principle.
ProviAM™ offers the possibility to prognosticate holding statements and the resulting calculated fees. In this way accounting can set up accruals for the anticipated commission payments before all holding statements are available.
For that purpose an intelligent logic uses holding statements of the previous months, custodians/depositaries and the ratio of the fund’s total pieces to the the contract partner’s holding statement to prognosticate the holding statements as accurately as possible.
Reports such as break even analysis, holding statement developments, free holding statements, average commission fees or net volume development can be exported as a PDF or Excel document or automatically sent by email.
The CRM-Integration of ProviAM™ allows the exchange of the following data between both systems:
- Synchronization of organizations, contacts, bank accounts and addresses
- Synchronization of head data of contracts
- Synchronization of product reference data
- ProviAM™ reports can be called up directly from CRM
- The integration with Microsoft Dynamics CRM is already included ready to use
The daily processing of commission payments in our outsourcing service and customer support gives us a deep insight into the market requirements.
We document them in our cleversoft knowledgebase, so customers can benefit from our knowledge.
In this way we actively stand by your side for questions regarding settlement paths of various market participants, contact persons or typical problems of individual partners.