Pooled Investment Distribution Fee Management
Is your firm still processing intermediary invoices manually? Delta Data’s Fee Management solution takes the risk out of one of asset management’s biggest expenses.
Why Businesses Choose Delta Data for Pooled Investment Fee Management
Firms turn to Delta Data because of our specialization and experienced perspective from working with multiple pooled investment firms on fee management solutions in complex integration environments. Additionally, with our SaaS solution, Delta Data handles all ongoing maintenance, upgrades, and changes required to comply with new regulations and invoices.
Exception Workflow Enables Prioritization
- Exception-based processing prioritizes focus
- Role-based reviews and approvers have the contract, invoice, tolerance, and calculations available to process error
Straight-Through Processing Saves Time and Resources
- Error-free invoices flow directly into payables management
- Configurable payment data includes the invoiced amount, calculated amount, advice, journal entries, etc
- User’s focus and time are delegated to addressing errors, while straight-through processing with configurable tolerances authorizes auto-approval of accurate invoices
Audit Capabilities Ensure Regulatory Compliance
- Audit trail for all data points, tasks, and transactions
- Role-based security and approvals
- Full access to historical records
- Ensures compliance with stringent regulations that focus on differentiating the fees paid by funds and those paid by fund distributor companies
Who We Serve / Who Benefits
Mutual Fund Companies
Transfer Agencies
Fund Servicing Companies
Our Approach to Effective Fee Management Program Automation
Streamlined tools automate invoice processing and fee management workflows while producing rapid and accurate analysis of granular-level fee data to protect against significant regulatory and operational risk.
Calculations
- Calculations are run to confirm that the invoice is correct and matches the billable assets
- Automation is employed to optimize the analysis of omni-transparency data, enabling the reallocation of personnel time and responsibilities to more strategic tasks
- Fee calculations are performed using distribution transparency data, your accounts, your contract agreements, and certified Delta Data technology
Reasonability Checks
- Conducted to affirm that payment aligns with intermediary agreement and prospectus
- Automation reduces the time firms spend manually poring over data from dozens of broker-dealers and distribution partners
- Calculated fees are based on intermediary-reported positions and TA/sub-TA positions
Allocation and Reporting
- Produce accurate and consistent reporting by working through omnibus accounts to distinguish between the intertwined 12b-1 fees, revenue shares, and sub-TA fees
- Reduce regulatory risk that firms face through the employment of manual processes with automated allocation and reporting capabilities
Benefits of Partnering with Delta Data for Distribution Fee Management
Delta Data’s Fee Management is the leading tool in the mutual fund industry for managing and approving distribution agreements.
Compliance
- Full audit capabilities for role-based duties include detailed information, consistent rules, and payment execution
- Ensures compliance with regulations such as “Distribution in Guise”
Accuracy
- Includes comprehensive sub-omnibus data
- Facilitates reduction of human errors and inconsistency from manual processing
Prioritization
- Straight-through processing allows the focus of resources on exceptions, and tolerances facilitate targeted focus on the greatest variance
- Saves firm time and resources in how they delegate for management of fee processing
What Our Partners Have to Say About Delta Data
Other Solutions We Provide
Compliance
- Omnibus / Super Omnibus / Shareholder level analysis
- Include / Exclude functionality to reduce data volume and noise
- Fully-automated data retrieval – whether direct from the funds or from sub-TA service providers
- Integrated reporting and analytics show the firm’s program is on the ball and delivering great value
- Integration with our Intermediary Oversight platform to provide a complete view of all intermediary oversight activities in a single place
Intermediary Oversight
- Single portal for managing all counterparty relationships including Intermediaries and Sub-advisors
- Structured Annual Review process customized to match a firm’s requirements which can automate the initiation and follow-up of reviews to balance the annual workload
- Workflow for information collection, control objective review, ranking and escalation of insufficient responses
- Reporting on annual review outcomes and ability to compare responses across firms and over time
Resources & Blogs
Contact DELTA DATA
SERVICES
USEFUL LINKS
FREE CONSULTATION
Delta Data provides the back-end solutions that companies in the mutual funds industry use to process trillions of dollars of transactions and keep on top of their data.
Copyright © Delta Data 1996-2021
Pooled Investment Distribution Fee Management
Is your firm still processing intermediary invoices manually? Delta Data’s Fee Management solution takes the risk out of one of asset management’s biggest expenses.
Why Businesses Choose Delta Data for Pooled Investment Fee Management
Firms turn to Delta Data because of our specialization and experienced perspective from working with multiple pooled investment firms on fee management solutions in complex integration environments. Additionally, with our SaaS solution, Delta Data handles all ongoing maintenance, upgrades, and changes required to comply with new regulations and invoices.
Exception Workflow Enables Prioritization
- Exception-based processing prioritizes focus
- Role-based reviews and approvers have the contract, invoice, tolerance, and calculations available to process error
Straight-Through Processing Saves Time and Resources
- Error-free invoices flow directly into payables management
- Configurable payment data includes the invoiced amount, calculated amount, advice, journal entries, etc
- User’s focus and time are delegated to addressing errors, while straight-through processing with configurable tolerances authorizes auto-approval of accurate invoices
Audit Capabilities Ensure Regulatory Compliance
- Audit trail for all data points, tasks, and transactions
- Role-based security and approvals
- Full access to historical records
- Ensures compliance with stringent regulations that focus on differentiating the fees paid by funds and those paid by fund distributor companies
Who We Serve / Who Benefits
Mutual Fund Companies
Transfer Agencies
Fund Servicing Companies
Our Approach to Effective Fee Management Program Automation
Streamlined tools automate invoice processing and fee management workflows while producing rapid and accurate analysis of granular-level fee data to protect against significant regulatory and operational risk.
Calculations
- Calculations are run to confirm that the invoice is correct and matches the billable assets
- Automation is employed to optimize the analysis of omni-transparency data, enabling the reallocation of personnel time and responsibilities to more strategic tasks
- Fee calculations are performed using distribution transparency data, your accounts, your contract agreements, and certified Delta Data technology
Reasonability Checks
- Conducted to affirm that payment aligns with intermediary agreement and prospectus
- Automation reduces the time firms spend manually poring over data from dozens of broker-dealers and distribution partners
- Calculated fees are based on intermediary-reported positions and TA/sub-TA positions
Allocation and Reporting
- Produce accurate and consistent reporting by working through omnibus accounts to distinguish between the intertwined 12b-1 fees, revenue shares, and sub-TA fees
- Reduce regulatory risk that firms face through the employment of manual processes with automated allocation and reporting capabilities
Benefits of Partnering with Delta Data for Distribution Fee Management
Delta Data’s Fee Management is the leading tool in the mutual fund industry for managing and approving distribution agreements.
Compliance
- Full audit capabilities for role-based duties include detailed information, consistent rules, and payment execution
- Ensures compliance with regulations such as “Distribution in Guise”
Accuracy
- Includes comprehensive sub-omnibus data
- Facilitates reduction of human errors and inconsistency from manual processing
Prioritization
- Straight-through processing allows the focus of resources on exceptions, and tolerances facilitate targeted focus on the greatest variance
- Saves firm time and resources in how they delegate for management of fee processing
What Our Partners Have to Say About Delta Data
Other Solutions We Provide
Compliance
- Omnibus / Super Omnibus / Shareholder level analysis
- Include / Exclude functionality to reduce data volume and noise
- Fully-automated data retrieval – whether direct from the funds or from sub-TA service providers
- Integrated reporting and analytics show the firm’s program is on the ball and delivering great value
- Integration with our Intermediary Oversight platform to provide a complete view of all intermediary oversight activities in a single place
Intermediary Oversight
- Single portal for managing all counterparty relationships including Intermediaries and Sub-advisors
- Structured Annual Review process customized to match a firm’s requirements which can automate the initiation and follow-up of reviews to balance the annual workload
- Workflow for information collection, control objective review, ranking and escalation of insufficient responses
- Reporting on annual review outcomes and ability to compare responses across firms and over time
Resources & Blogs
Contact DELTA DATA
SERVICES
USEFUL LINKS
FREE CONSULTATION
Delta Data provides the back-end solutions that companies in the mutual funds industry use to process trillions of dollars of transactions and keep on top of their data.
Copyright © Delta Data 1996-2021