LONDON, 16th November 2004 â Investmaster Group, the UKâs largest supplier of integrated systems for wealth managers and institutional brokers, today announced a strategic partnership with US-based Redi2 Technologies, Inc. Redi2, based in the San Francisco Bay Area, and a premier provider of revenue management and fee billing solutions for the global investment industry has chosen Investmaster as its strategic partner as it rolls into the UK and European markets.
Under the terms of the agreement, Investmaster will become the Europe-wide distributor for Redi2 Revenue Managerâ¢, providing sales and marketing implementation of new Revenue Manager installations and ongoing support and helpdesk services for Revenue Manager customers throughout Europe.
Recently released, Redi2 Revenue Managerâ¢ 4.0 alleviates the fee billing pains typically experienced by institutional fund managers, custodians, fund administrators and wealth managers. Unlike traditional revenue management applications, Revenue Manager provides a sophisticated yet simple-to-use platform to:
Â· Consolidate data from across multiple back-office systems
Â· Calculate fees with complex structures, and
Â· Produce invoices accurately and quickly.
Revenue Manager helps financial institutions put in place a coherent and efficient billing process, often replacing legacy, outdated billing systems. These systems are typically manually intensive and involve many staff. The multiple business benefits resulting from the use of Revenue Manager include redeployment of staff, quicker and more accurate invoicing, better client service and improved cashflow.
Not only is Revenue Manager deep in functionality and easy to use, but it is also a technologically advanced and proven product. Revenue Manager is the first and only solution in the marketspace deployed in production on Microsoft-SQL, Oracle and Sybase databases. The ability to choose between a Windows-based or Web-based implementation further emphasises the flexibility of Revenue Manager.
"The partnership with Investmaster opens the door to a tremendous opportunity for Redi2 and Revenue Manager in Europe" said Seth Johnson, CEO of Redi2 Technologies. "The introduction of Revenue Manager will provide institutions with a much better revenue management and fee billing alternative than has been available thus far. Already a well established supplier in the European financial solutions arena, Investmaster has the right market presence, customer base and support resources to efficiently distribute Revenue Manager in Europe."
"We are very excited to work with Redi2 and have the opportunity presented by the Revenue Manager product" said Simon Tizard, Strategic Development Director of Investmaster. "Many financial institutions have been faced with ongoing operational issues relating to the difficulties of fee billing and revenue management. These issues have increased their costs, impacted cash flow and damaged client service. Revenue Manager addresses these issues, and we believe it will generate considerable interest and opportunity for both companies in the European market."