AdvisorEngine Launches Enterprise Fee Billing Product, Simplifying Operations and Increasing Revenue Visibility

AdvisorEngine Launches Enterprise Fee Billing Product, Simplifying Operations and Increasing Revenue Visibility

New billing engine delivers customizable fee structures and powerful revenue analytics

AdvisorEngine, the financial experience company, is helping advisory firms tackle the complexity of fee billing and revenue management. The company today announced the launch of its new billing engine, an impactful solution that brings simplicity to a common operational pain point and adds new visibility for business management.

“Fee billing is cumbersome at growing financial advisory firms - now there is a better way,” said Rich Cancro, founder and CEO of AdvisorEngine. “Our billing engine streamlines fee calculation for operations staff, gives advisors a clear way to explain fees to clients, offers revenue intelligence capabilities for business management and speeds up the revenue collection process.”

Many advisory firms rely on spreadsheets or a combination of disparate systems to manage their billing processes, creating a costly administrative nightmare. The billing engine offers a centralized source of control over the set-up, maintenance and collection of fees, with the power to support the most non-routine, complex billing arrangements. The solution is also highly configurable to allow for householding, flat and tiered billing schedules, billing in advance and arrears, discounting, advisor fee sharing and off-cycle billing to fit any firm’s unique needs.

Fee billing is cumbersome at growing financial advisory firms - now there is a better way. Our billing engine streamlines fee calculation for operations staff, gives advisors a clear way to explain fees to clients, offers revenue intelligence capabilities for business management and speeds up the revenue collection process.

Rich Cancro, Founder and CEO, AdvisorEngine

To complement the new billing engine, additional business intelligence features have also been designed to deliver improved forecasting, planning and decision-making across the firm. AdvisorEngine now offers enhanced reporting tools to take the guesswork out of revenue, providing deeper insights into a firm’s revenue trends, cash shortages, exceptions, advisor and firm-level payouts, unbilled assets and complete calculation details.

AdvisorEngine expects that growing firms will benefit most from this new product. Cancro continued, “Firms that need scalable solutions will appreciate how easy it is to configure their fee structures and how our smart automation and business intelligence make billing so simple. Our approachable interface gives a clean way for each firm to run their business and do things their way.”

The billing engine and revenue reporting capabilities are available beginning today to AdvisorEngine users. For more information or to schedule a demonstration of AdvisorEngine, email info@advisorengine.com.

ABOUT ADVISORENGINE

AdvisorEngine is the financial experience company. We work with forward-thinking financial firms and advisors to create personal, scientific and beautiful experiences. Our wealth management technology platform operates at the forefront of the industry, applying smart automation to mission-critical advisor activities. We serve 14,000 users across 1,500 firms with over $600 billion in assets. Our team is made up of enterprise technologists, data scientists, product managers, designers, futurists and business builders. For more information, please visit www.AdvisorEngine.com.

Contact:

Jessica Taylor Shores
Impact Communications
800-974-7753
jessicashores@impactcommunications.org

Source: AdvisorEngine