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Does your firm experience issues with the organization and timely processing of intermediary invoices?
Do you find there is no effective and efficient process to independently verify a dealer’s calculation to ensure that assets aren’t double-billed? Are there increased demands from Fund Boards and compliance of distribution in guise? Is fee management difficult to ensure rates are tied to the latest agreement on file?
Our Solution
WHAT DOES IT ALL MEAN?
- Full audit capabilities and role based duties
- Detailed information, consistent rules and payment execution ensure compliance with regulations such as “Distribution in Guise”
- Comprehensive sub-omnibus data included
- Reduction of human errors and inconsistency from manual processes
- Straight through processing allows resources to focus on exceptions
- Tolerances allow focus on greatest variance
Independent Calculations
- Fee calculations are performed using distribution transparency data, your accounts, your contract agreements, and our technology that has been calculating distribution fees for 14 years
Auto Reconciliation and Tolerance Based Reasonability Checks
- Calculated fees are automatically reconciled against the invoices to identify variances and duplication
- Calculated fees are based on both Intermediary-reported positions and TA/sub-TA positions
- Invoice data points validated against calculated fees and historical invoice data at line item level
- Data point tolerances are configurable
Straight Through Processing
- Straight Through Processing allows error free invoices to flow directly into payables management
- Configurable payment data includes invoiced amount, calculated amount, advice, journal entries, etc.
Exception Workflow
- Exception based processing prioritizes focus
- Role based reviews and approvers have the contract, invoice, tolerance and calculations available to process the error
Audit and Compliance
- Audit trail for all data points, tasks and transactions
- Role based security and approvals
- Full access to historical records
Companies turn to us because we’re specialists in this area and bring the perspective of having worked with multiple other companies on this same fee management solution in very complex integration environments. What’s more, with our SaaS solution, we handle all the ongoing maintenance, upgrades and changes required to comply with new regulations and invoices.
Running Delta Data’s solution is the easiest – and smartest – way to stay ahead of the change.
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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.
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