MoneyWare Revenue and Incentive Management System (Rims)

MoneyWare Revenue and Incentive Management System  (Rims)

MoneyWare Revenue and Incentive Management System (MoneyWare RIMS), is a single integrated product which empowers organizations to produce precise revenue data in various dimensions and facilitates the maintenance of rate cards in the system, computation of  commissions receivable and payment schedules, generation of several business and operational reports, and setting up and managing a wide variety of incentive programs for their sales force and client engagement teams. 

While providing a single consolidated repository for revenues across all the manufacturers and covering all asset and product classes, the use of RIMS ensures the following benefits for the organization.

• Minimizing ageing through timely reconciliation of cash and open items
• Easy to view payment and invoice history
• Increases automation and reduces operational costs as fee calculations are rule based
• Eliminates missing, inaccurate or late billing (fee leakage)
• Covers all client fees allowing for a flexible and automated enterprise solution for invoicing and receipt generation
• Improves cash flow by reducing the payment cycle
• Intuitive information management through extensive reporting which is available on-line real-time for all personnel who login to the system – managers, financial advisors as well as operations people
• Timely and accurate distribution of fees and commissions for direct and indirect channels ensures high degree of satisfaction for ongoing business relationship
• Forecasting of incomes potential as well as areas of concern through modeling and other reporting capabilities 

The extensive coverage of all product and asset types allows RIMS to serve the centralized data storage system, which supports multiple tier organization including zones, regions and branches.  Tight data integrity is maintained through a controlled operational process which covers all the day to day activities for  revenue management including

• Maintenance of all  rate cards for all the manufacturers with flexible parameters – including Volume and Value.  Multiple rate cards for different date range values can coexist
• Reconciliation with specific data feeds from third parties
• Computing, calculation of channel partner commissions payable and employee incentives.
• Facilitates actual payout to Channel Partners
• Enters actual receipts of brokerage
• Tracks of incentive programs and their indicators – CTC, KRA, Group Performance Indicators etc.
• Allows for calculations of Incentives and Payouts for specific asset classes /products and allows inclusions and exclusions
• Supports all Transaction types and Commission types 

• Equity
• Commodities
• Mutual Fund
• Debt
• IPO
• Derivatives
• Structured Notes
• Managed Accounts
• Insurance
• Alternate Asset Classes