Fiserv combines interactive technologies unit with CheckFree Investment Services

Source: Fiserv

Fiserv, Inc. (NASDAQ:FISV), a leading provider of technology services to the financial industry, today announced that it will integrate Interactive Technologies, a wholly owned subsidiary of Fiserv, Inc., with CheckFree Investment Services.

The more than 70 clients of Interactive Technologies' Advantage Fee billing system will gain access to CheckFree Investment Services' industry experience, technology, operations and support. CheckFree's vast client base, including the global institutional market, can benefit from Interactive Technologies' Advantage Fee billing and revenue management system.

"Advantage Fee is a market leading solution that underscores our commitment to provide the best technologies to the wealth and investment management industry," said Mike Gianoni, executive vice president and general manager of CheckFree Investment Services, now part of Fiserv. "With the integration of Interactive Technologies best-in-class solution for client fee billing with CheckFree Investment Services, Fiserv continues to expand its ability to deliver a complete solution and approach to the wealth management industry."

The Advantage Fee solution manages the full lifecycle of client fee billing, revenue management and fee verification processes for financial institutions worldwide. Investment management clients, including institutional investors and wealth management clients, can improve time-to-bill, which increases cash flow gains. Other advantages the solution offers are greater compliance through automated rules-based processing, process controls over invoice approvals, reports, revenue analysis and custom invoice messaging.

Advantage Fee supports complex and fluctuating fee structures, provides fee breakouts to audit groups, management and clients, automates hierarchical account billing, as well as commission and revenue sharing allocations. Finance departments use Advantage Fee for timely invoicing and clearly presented customized invoices, statements and advices of intent to debit. Additionally Advantage Fee clients' utilize the fee-modeling and revenue forecasting tools along with business intelligence, reporting, accruals and workflow management to perform complex analytics while improving internal forecasting and controls.

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