As an invoicing service provider, in the context of the outsourcing of business processes cleversoft takes over the complete settlement of commissions and all related activities, such as the settlement of sub-advisers, for capital management companies, asset managers and distributors. By outsourcing aspects that do not belong to the core business, our customers can, without any direct action, enhance the quality of their processes and can also achieve savings.


During a setup phase, the basic principles for the activities that are to be outsourced are established in conjunction with the customer. These include substantive issues such as billing intervals, tolerances for stock declarations, accounting system and provisioning policies, as well as technical criteria for the design of the system. The best practice approaches from our past projects are integrated here using cleversoft’s Financial Services Toolbox.

During operation, the following activities are carried out (inter alia):

  • Master data management (fund, sales partners, contracts)
  • Inventory and plausibility checks
  • Commission settlements
  • Settlement of mandates and sub-advisers
  • Deferrals and provisions for audits and supervisory reporting (§ 25 of the German Credit Services Act (KWG), etc.)
  • Distribution agreement management
  • Management reporting incl. contribution margin accounting

ProviAM™ Flyer
(1,51 MiB)