Wealth and Asset Management Firms Streamline Account Data Collection and Invoice Approval Using Fee Billing from Fiserv
September 10 2019 - 8:34AM
Business Wire
New process automation capabilities simplify
the user experience, facilitate efficiency and provide transparency
into billing and invoicing
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of
payment and financial services technology solutions, announced
today that it is optimizing the end-to-end billing experience for
wealth and asset management firms by integrating process automation
into its billing solution. Advantage Fee™ from Fiserv, a
comprehensive cloud-enabled billing and revenue management
solution, has been enhanced to:
- Streamline and automate the collection of new account data from
multiple touchpoints including faxes and emails, reducing manual
rekeying of data and exposure from human error
- Provide transparency into the real-time status of all invoices
throughout each stage of the billing process via a management
dashboard, enabling easy identification of exceptions
- Perform comprehensive invoice validations prior to releasing
invoices for payment, helping to ensure invoice accuracy and audit
controls
Advantage Fee is used by leading wealth management, custody and
trust firms to aggregate financial transactions, calculate fees
based on fee agreements, and invoice clients for financial services
rendered. Advantage Fee also includes revenue forecasting and
“what-if” analysis, allowing users to create rolling forecasts
based on key variables and anticipated business events, such as new
business and product offerings, pricing strategies, and rate
shifts.
“Incorporating process automation capabilities with the powerful
calculation engine of Advantage Fee is a ‘win-win’ for billing and
operations managers eager to increase billing efficiency and
accuracy and accelerate invoicing,” said Tirdad Shojaie, senior
vice president, product, marketing and business strategy,
Investment Services, Fiserv. “The ability to incorporate process
automation within the same platform streamlines the user experience
and reduces the potential for error.”
The newly integrated process automation capabilities are built
on technology developed by Appway, a global leader in onboarding
solutions.
“Fiserv takes the time to understand its clients’ business
processes, which enables them to enhance solutions in ways that
deliver superior value,” said Hans Peter Wolf, chief executive
officer and founder of Appway. “We‘re excited to add value to a
sophisticated solution like Advantage Fee.”
Fiserv is a market leader providing innovative wealth management
solutions. 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.
Additional Resources
- Advantage Fee from Fiserv – fisv.co/advantagefee
- Protect Your Bottom Line – Prevent Billing Inaccuracy and
Revenue Loss – fisv.co/billingwebinar
About Appway
Headquartered in Switzerland with offices around the globe,
Appway is a leader in client onboarding solutions. Appway’s
award-winning software suite serves over 510,000 users worldwide.
More than 225 institutions rely on Appway to improve internal
efficiencies, engage customers across all channels, and keep ahead
of regulations. Appway guides leading financial institutions, both
big and small, as they build sustainable and scalable solutions
that quickly adapt to changing conditions. For more information
about Appway, please visit www.appway.com.
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) 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 solution. Fiserv is a member of
the S&P 500® Index and the FORTUNE® 500, and is among the
FORTUNE Magazine World’s Most Admired Companies®. Visit fiserv.com
and follow on social media for more information and the latest
company news.
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version on businesswire.com: https://www.businesswire.com/news/home/20190910005639/en/
Media Relations: Ann Cave Director, Public Relations
Fiserv, Inc. 678-325-9435 ann.cave@fiserv.com
Additional Contact: Alexander Shorter Senior Manager,
Public Relations Fiserv, Inc. 678-231-0226
alexander.shorter@fiserv.com
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