OUR PRODUCTS AUTOMATE YOUR PROCESSES, ELIMINATE DUPLICATE DATA ENTRY AND ALLOW YOU TO FOCUS ON GROWING YOUR BUSINESS
Arcons can create dazzling graphical reports out of your portfolio systems like Axys®, APX, PortfolioCenter, Veo data or any other data source. The reports can be packaged by relationship and distributed by email, PDF or hosted on our client portal.
As the CFO of an investment management firm, have you ever wondered “if we change some of our fee schedules, how would that impact our revenue next year?” An easy question to ask, not so easy to answer. Now, factor in a variety of market returns, expected cash flows, starting valuations and all the nuances of your current fee schedules. Starting to sound like a giant spreadsheet project?
Arcons Technology has created a forecasting feature in billPort that analyzes all pertinent billing data. With a couple of clicks you can create multiple forecasts from your existing data, add the exact input you want to see and create a variety of projections that can be used in decision making.
With billPort it is easy to forecast revenue for all or a portion of your accounts. Start with your existing client data and fee structures, then define the inputs that you want to use such as:
Projected market returns
Projected net cash flows
Now run those numbers then answer the “What if” question:
Schedule Substituion – click to replace any number of old fee schedules with new ones
Output is instantly created that can be exported and analyzed. During the next year if your projections change, run the forecasting again and see how it looks for the next twelve months. Are you on track for the year or do you need to make some changes? billPort provides the tool to make those decisions.
billPort is a critical management tool for investment firms today. Client billing is the most important source of revenue and management needs timely information in a way that assists srategic decision making.
billPort - Composite Billing
It is critical today that investment firms have the tools to manage complex schedules for billing clients. Historically, fee schedules for clients were simpler, based on percent of assets, flat rates, performance, etc. As time went on clients put more demand on firms to provide flexible billing: the ability to exclude assets, charge different rates for different asset groups, apply minimum and maximum fees, etc. billPort has always been able to process a vast array of fee schedules, enabling advisors to continue to expand their offerings in order to provide maximum service and flexibility for their clients.
Today, as more parties are involved in the client relationship, there is increased pressure to accommodate different fee schedules for those involved. Consider the scenario where the firm has a variety of fee schedules for their share of the fee. Then they have advisors who also have their own fee schedules which need to be layered on top of the firm schedule. Then there is the group of portfolio managers that have different schedules themselves depending on the type of accounts they are managing. The result is that there may be three different schedules that need to be combined and applied to one account. If the firm, advisor and manager each have only eight different schedules then the various combinations could result in a total of 512 different fee schedules! Although billPort can accommodate unlimited fee schedules, no firm wants to be constantly creating new schedules for every combination that arises.
Arcons has created Composite Billing® as the ideal solution. Now the user has ultimate flexibility in creating and assigning fee schedules to accounts. In one household, each account can have a different fee schedule. The user is not limited to choose either composite or traditional schedules, they can have both in the same household. In this sample, notice that three accounts have three different schedules: the first is a traditional tiered schedule and the other two each have a different Composite Billing® schedules. It is simple to assign the Composite Billing® schedules right in the household, with the click of a button. Just highlight the account(s) then from the fee schedules drop down button choose the appropriate schedule on the fly. No need to first create the required combination of components into one schedule!
Erin Foote, from Frontier Asset Management, says this about Composite Billing®, “Frontier has a very complicated fee structure and Arcons’ composite schedules have helped me reduce the number of schedules that have to be setup by more than 70%. It has simplified the billing process and reduced my workload immensely.”