âThe platform, offered by J.P. Morgan MAS, calculates billable events that occur in the SMA process for each managerâs sponsor relationship,â says Redi2 President and COO Fermin Garcia. âUsing Revenue Manager as the billing platform for asset managers not only lets J.P. Morgan MAS offer significant value to their asset manager clients, but provides their operational staff with the custom operational reports they need to support their world-class client service levels.â
Redi2 Revenue Manager automates account setup and termination, invoice generation, fee/payment reconciliation as well as adjustments and reversals. The software allows J.P. Morgan MAS to calculate complex fees on behalf of their clients based on assets, transactions or performance. Fees may be summarized at various levels, such as household, program, advisor, manager or sponsor. Additionally, custom invoicing to sponsors, account holders, custodians and other billing recipients have been incorporated into the asset manager offeringâall without custom coding.
âIn todayâs competitive and volatile environment, asset managers are looking closely at the bottom line and new ways to bring in more revenue,â said Scot Knight, executive director and product manager of J.P. Morgan MAS. âThis solution provides a detailed, accurate and efficient way to ensure that asset managers are collecting every penny that is due to them.â
J.P. Morgan is a leading provider of outsourcing solutions for SMA managers and sponsors. The firm's full-service customized platform provides complete coverage including account workflow, reconciliation, trade support, billing and performance reporting. Redi2 and J.P. Morgan MAS signed an agreement to develop the joint solution in August 2008.
âOur sophisticated yet flexible software gives J.P. Morgan the competitive advantage of being able to tailor fee billing calculations by asset manager quickly and accurately,â adds Redi2âs Garcia. âTheir choice of Redi2 Revenue Manager validates our leadership in delivering award-winning fee billing solutions to the largest and most operationally complex global institutions.â