Web-Based Fee Billing and Calculation Software

The FEES! Solution

Complex fee support for any scenario.

Our wealth management software includes a broad range of sophisticated processing for RIAs with support such as: Accounts and Client Tracking, Accounts Receivable Support, Complex Billing Situations, Flexible GL Interface, Market Value Integrations, Month End Accruals Processing.



Accounts & Clients

Track an unlimited number of clients and their accounts along with other relationships such as offices, departments, product managers, fee programs, asset classes, and custodians. We provide an automated, user-defined interface for linking your financial data in with your general ledger system(s) and much more:

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

Complex Billing Situations

Support for a wide range of possible scenarios powered by custom rules, user-defined fee programs, unlimited asset classes, and much more:

  • 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.

Accounts Receivable Support

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

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

GL Interface

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

  • 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.

Market Values

Our 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.

  • 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.

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

Deployment Options

CLIENT CHOICE | SAAS | PRIVATE CLOUD

At its core, our software is about offering options to support whatever a client might want to support. How you deploy your software and how you pay for it is no different.




Client's Choice

Managed by client
Client chooses deployment
Onsite or in the cloud
Maximum configuration
One-time license or monthly

Shared Saas

Managed by BGI
Private database
Private system files
Shared server for lower costs
Secure
Scheduled backups
Flexible pricing

Private Cloud

Managed by BGI
Private server
Private database
Private system files
Secure
Scheduled Backups
Flexible pricing