Quartal Financial Solutions AG, Europe's market leader for fee billing, revenue, expense, and commission management solutions, today announced that Ashmore, one of the world's leading emerging markets investment managers has selected Quartal COMMISSION for rebate and distribution fees management.
Quartal’s flagship product Quartal COMMISSION is used to automate the end to end process of rebate and distribution fees management in a single solution. It is used by some of the largest Fund Platforms, Transfer Agencies, Asset Managers and Wealth Managers to manage every type of commission and fee calculation. Powerful inclusion/exclusion rules and client segmentation options are provided reflecting the different service levels offered by Advisors within RDR, supporting both institutional and retail fund distribution management. In addition, it provides reconciliation and contract management capabilities along with value add analytics to empower business decisions such as profitability analysis, benchmarking of partners, products and distribution models as well as cash flow forecasting.
Chris Tsutsui, Head of Finance at Ashmore, stated: “Having reviewed leading vendors and an outsourcing option we decided that Quartal COMMISSION was the ideal solution as it provides an integrated approach to contract management, calculations and reporting, which will result in business process optimization, operational risk reduction and cost savings. The successful implementation of Quartal COMMISSION will allow Ashmore to better serve its growing fund distribution network by linking it with our CRM and investment management systems to provide better integration and higher transparency”.
“To be signing Ashmore has been another important step for Quartal in further developing our strong UK market presence and clearly states Quartal’s value proposition and offering for the global investment management and fund servicing industry”, said Thierry Zuppinger, CEO of Quartal Financial Solutions. “Ashmore is well known for its investment philosophy, numerous awards and top ranking by major rating agencies including the confidence which central banks, government and corporate pension funds, institutions and high net worth individuals have demonstrated by investing in Ashmore funds. Ashmore’s decision for Quartal COMMISSION emphasizes the quality of our market leading solution for commission management and sales controlling to the mutual fund industry”.
“Our flagship products Quartal COMMISSION for rebate and distribution fee management and Quartal FEE MANAGER for fee billing, budgeting, revenue and expense management (including performance fees) provide our clients the flexibility they need to remain competitive in today's complex business environment and at the same time, significantly reduce their costs, increase efficiency and provide for greater control of their business operations”.