Financial institutions streamline investment management operations with cloud-based solution from Fiserv
Optimized design and guided workflows simplify fee billing and invoicing
BROOKFIELD, WI (December 12, 2018) — Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that it is helping to simplify investment management fee billing and invoice operations for financial institutions worldwide. Its Advantage Fee™ billing and revenue management solution has been enhanced with a new, intuitive user interface, and will be available for the first time via the cloud, enabling firms to achieve greater operational efficiency with shorter billing cycles, faster fee collection, and better revenue integrity.
Advantage Fee processes high volumes of complex invoice transactions and automates invoice management. Cloud-based application support can reduce total cost of ownership for financial institutions by ensuring access to a scalable infrastructure with global deployment capability.
Fiserv product experts worked closely with clients to understand their needs, and listened to, studied, and considered all feedback to put together an updated user interface designed to accelerate productivity and value for every Advantage Fee client and user.
Billing and invoicing information is presented in a simple, clean format that can be accessed quickly with only a few steps. To further promote efficiency, the system offers a user experience that is tailored to specific job roles and responsibilities. Guided workflows take users through each stage of the billing lifecycle, providing key status updates and audit functionality. With dashboards and analytics, firms can gain greater visibility to their billing data in real time for improved revenue forecasting.
“In today’s competitive market, the need for automated, accurate, and timely invoicing is greater than ever,” said Kashyap Kapasi, director, product management and strategy, Investment Services, Fiserv. “The sophisticated calculation engine of Advantage Fee combined with the new user interface and the speed and power of the cloud enables firms to take better control of their billing operations, lower infrastructure costs and enhance efficiency amidst fee and margin pressure.”
Fiserv offers a wide range of technology deployment and operations choices that enable clients to optimize performance, efficiency, and flexibility in support of their business strategies. From on-premises, hosted, application service provider (ASP), and expanding private or public cloud options, to application programming interface (API) integrations, Fiserv is continually innovating delivery capabilities to drive high-value results for clients.
In a world that is moving faster than ever before, Fiserv helps clients deliver solutions that are in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.
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About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, aspires to move money and information in a way that moves the world. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and the Clover® cloud-based point-of-sale and business management platform. Fiserv is a member of the S&P 500® Index and has been recognized as one of Fortune® World’s Most Admired Companies™ for 9 of the last 10 years. Visit fiserv.com and follow on social media for more information and the latest company news.
