Fee Billing and Calculation Software

The FEES!™ Solution

Overview

FEES! For .Net offers fee billing and management software for fee calculation, billing, accounts receivable, and income projection for complex, investment management accounts.

Our fee billing software has been developed in conjunction with some of the largest money managers in the United States. Our truly customizable software offers fee calculation, fee billing, accounts receivable, and income projection for complex investment management accounts.

Please find brief descriptions of the many areas within our software below.

While our software is extensive and allows for a huge amount of complexity. You'll find that it's intuitive, user-focused, and easily configurable.

Core Functionality

The essence of complexity

Acounts & Clients

Clients and Accounts lie at the heart of the software. Tracking an unlimited number of clients and accounts along with other system entities and relationships.

Beyond this you'll enjoy real-time account analysis, with filters and fees totaling that include selection by account status, office, broker, manager and other system parameters.

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  • Account market tracking and reporting.
  • Account portfolio tracking and reporting.
  • Account transfer history.
  • Automated interfaces to outside systems, including account and market value information.

Accounts Receivable Support

Extensive support including client statement generation, payment processing with automated general ledger interface, and lock box processing.

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  • Automated processing of debit accounts.
  • User-defined transaction types.
  • Aged receivables reporting.
  • Transaction history reporting.

Complex Billing Situations

Complex scenarios are our specialty and we've been handling them for a long time. We understand that the functionliaty of a software platform is only as good as the benefits it provides, the flexibility with which it can be adapted, and its scalability as needs grow over time.

For over a decade we've proven to offer a highly stable and robust application capable of amazingly complex situatons. We offer peace of mind and superior performance.

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  • User defined fee programs and billing parameters at the fee (asset) class, account, and/or client level.
  • Flat fee, percentage, and tier (both cumulative and step) billing.
  • Tier billing across a client’s accounts.
  • Billing based on start of period, average, or end-of-period market values.
  • Rules based asset classes.
  • Billing in advance or in arrears using various billing periods.
  • Fee allocations across internal and external organizations.
  • Minimum and maximum fees.
  • Monthly, quarterly, semi-annual, or annual billing.
  • Combined, prorated, or individual billing at the client, trust, or other levels.
  • Ability to exclude amounts or fee (asset) classes from the fee calculations.
  • Ability to include/exclude income, accrued interest, and unsupervised assets in the billing process.
  • Ability to add additional internal and external fees to the billing process for a specified date range.
  • Client and account discount processing.
  • Ability to apply refund and waive amounts to billing.lling.
  • Auto account debiting or standard remittance billing.
  • Billing by account and fee (asset) class.
  • Tracking of manual and automated bills.
  • Account tax rate calculations.
  • Storage of details billing elements by account and fee (asset) class.
  • Invoices that can be easily customized with your logo, layout, and artwork.

GL Interface

We provide an automated, user-defined interface for linking your financial data in with your general ledger system(s).

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  • The ability to set up as many interfaces as you’d like, and the ability to link to more than one GL system and/or more than one set of accounts for the same GL(e.g. by loan and by investor).
  • The ability to generate GL entries based on specific payment transactions or month end balances.
  • The ability to define the general ledger accounts to be used based on optional selection criteria, such as loan type, dollar limit, or whether a loan is agent serviced.
  • Automated calculation of financial statementThe ability to view the GL entries generated prior to their being exported, and make corrections as needed.
Fee Billing Software - Benedict Group
FEES!™ For .Net

Market Values

The fee billing software uses market value information as the primary financial basis for its fee calculations. Market values can be loaded from different outside sources or you can update them directly. You may then select which source a particular function such as billing or month end accruals, should use. You can even select whether or not only reconciled market values should be used for billing.

When creating an account's market values, you can optionally enter any accrued interest and whether a portion of the market value should be excluded from billing. In addition, you can independently enter exclude amounts in a separate table, with the reason for each, and then have these amounts automatically summarized into the appropriate market value.

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  • Set up market value rule groups and rules which specify the criteria (e.g. fixed type, issue type, security type) that a position (e.g. a particular bond or equity) must meet in order to fall within a billable fee class.
  • Link an account to a number of market value groups, so that they can then be referenced whenever positions are created for that account.
  • Import or manually create market value positions and automatically have their fee classes determined and their values summarized into market values by fee class and ‘as of’ date.
  • Globally change a value for a particular rule type (e.g. fixed type) within all market value rules.

Month End Accruals Processing

We include the ability to calculate accruals for each month end, and you can use this function to calculate an accrued fee for each month end and for each account. In addition, the month end process will store a “snapshot” of other information pertaining to the account.

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  • Month end fee accruals by account and fee (asset) class.
  • Storage of account history by month.
  • Accruals reporting and reconciliation.

Cashflow Projection Modeling

The software includes the ability to project your clients into the future.

You can use this to forecast what the impact would be if market values increase or decrease (by fee class), and to simulate what the effect would be if you changed elements of your billing terms. In addition, you can store various projection models (i.e. original, 2nd quarter, etc.). You'll then be able to project the fees that can be expected, based on your parameters, and use our Projections Inquiry to view them.

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  • Support for multiple projection models.
  • User-defined projection parameters, including fee program changes.
  • Projected cashflow generation by model.
  • Projected cashflow reporting by model.

Sub-Systems

The tools to improve your life.

Change Audit Control

Track everything that happens within the software. Change audit records a history of data deletions and changes.

Each audit record includes who made the change, when they made it, the before and after values of any field changed, and the function used. After that you can decide how long each type of audit is retained in your software.

Contact Management

Your portfolio rolodex. Maintain all the people and organizations with whom you do business, such as originators, attorneys, and property inspectors.

Track a huge amount of information per contact and by changing their info in one place it will change everywhere. For each contact, you can track as many addresses, telephone numbers, emails, etc. as you wish. Track all of the individuals associated with the contact and their positions. Even track any documents linked to the contact, and keep as many notes as you'd like.

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Once entered, a contact can be accessed directly or be linked to as many loans and or projects as you wish. You can even link the same contact to one loan multiple times if it serves more than one role. In addition, contacts can be linked to workflow items, either automatically by the system or manually. Once linked, the appropriate contacts are then notified of their uncompleted items and action dates.

DataImporter

Important your data from a huge variety of sources.

You only have to select the tables and fields you wish to update, and then sequence the order of the fields to be imported. The DataImporter can be used for everything from your initial conversion to regularly scheduled data maintenance.

Document and Image Tracking

Maintain a library of images and documents, and link them to loans, contacts, and other entities in the system. You can easily access and view these using whatever software product is linked to their file type in your system’s registry.

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Videos

Property tours and other videos

Images

Pictures of the property or something else - the choice is yours

Documents

Closing docs, borrower docs, whatever you want

URLs

Open websites or links directly from the system

LookUpMaker

You get to define the ways in which a loan can be cross-referenced and accessed in real-time. For example, you could set up lookups by loan number, property address, city and state, zip code, borrower name, tax id, insurance policy number, telephone number, and an almost unlimited number of other methods. The number of lookup types is limited only by the number of loan-related fields available.

ReportWriter

Easily create ad-hoc, on the fly reports. The ReportWriter can also be used to export data from the system, or to integrate with a another system. Create run-time parameters, choose your sorts, join your tables, define your from/tos, and add totals. Run these reports whenever you'd like or schedule them for increases automation.

You only have to select the tables and fields you wish to export or report on, and then sequence the order of the fields. The ReportWriter can be used for everything from your day to day reporting needs, to regular data extraction for integrations or other needs, and all the way to full system conversions.

System Security

We include extensive security, and with it comes options to define things like security groups or to regulate password parameters. Security can even be turned off at the screen level, and sometimes even the field level.

Workflow Management

Workflow provides powerful tools for creating, prioritizing, and tracking an organization’s workflow items. Create Action Queues or Workflow rules to fit your needs - the software will geneate the workflow items automatically and keep your users in sync.

Fee Billing Software - Benedict Group
FEES!™ For .Net