Quartal Financial Solutions Enters the Hong Kong Market

Zurich, Switzerland - 11 August 2011

Quartal Financial Solutions, Europe's leading software provider in the finance industry for commission and fee management solutions, announced that the Wealth Management APAC division of a major Swiss financial services company has selected Quartal FEE MANAGER to handle its client pricing and fee invoicing processes.

This new client has chosen Quartal Financial Solutions after carrying out a thorough evaluation process to find the best solution that covers the management of various client service fees, pricing processes and authority-based discount approval flows. The bank will be using Quartal FEE MANAGER in order to handle its periodic fee invoicing process for its wealth management clients within the entire APAC region, covering several regional markets and more than X client desks. The project is split into two major phases whereas the first phase is planned to go live at the end of 2011.

“This project represents a historic milestone for our company since it constitutes the largest project for our company outside of Europe: The system will be accessed by all the region’s client advisors, being the first installation of Quartal FEE MANAGER that will host up to 1000 users. To be signing another prestigious global client is a testimonial to Quartal’s value proposition and offering for the global investment management industry”, said Thierry Zuppinger, CEO of Quartal Financial Solutions. “The client’s decision for Quartal FEE MANAGER emphasizes the quality and flexibility of our market leading fee billing solution. With Quartal FEE MANAGER, we provide our customers the flexibility they require to remain competitive in today's challenging business environment whereas pricing – more than ever - remains to be a strategic focus, especially in the APAC region.”

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