Fiserv updates fee billing and revenue management system

Source: Fiserv

Fiserv (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced new enhancements to Advantage Fee, its fee billing and revenue management solution.

Through Advantage Fee, Fiserv offers financial services organizations a robust solution that streamlines billing processes, thereby automating the new generation of complex fee structures and dramatically reducing revenue leakage.

"The enhancements to Advantage Fee give our clients greater depth and flexibility, helping financial organizations better serve their clients and vendors, improve internal operations and prevent revenue leakage," said Shaun McGee, senior product manager, Investment Services, Fiserv. "Fiserv has a deep understanding of the challenges financial services organizations face. By enhancing our technology, we are able to mitigate risk and improve operational efficiency to allow more time to serve clients."

Advantage Fee now boasts support for Microsoft SQL server 2008 R2, Windows Server 2008, Windows Vista and Internet Explorer 9. In addition to improvements to its user interface and system performance, Advantage Fee now includes a completely new reporting solution with self-service capabilities. The upgrade also provides new operational enhancements, such as the introduction of a new fee schedule report for auditing purposes.

For 18 years, Advantage Fee has provided financial service organizations with robust client billing and revenue management capabilities, supporting flexible, innovative and fast-changing fee structures with efficient and controlled invoicing. The solution can handle diverse asset classes and currencies in multiple languages at any level. Advantage Fee is well-established as the solution of choice for financial institutions poised for growth over the long term.

Fiserv has more than 3.4 million accounts on its wealth management platform and over one million UMA sleeves. With its acquisitions of AdviceAmerica financial planning technology and CashEdge data aggregation capabilities, Fiserv remains the leader in the financial services industry with technology that can support all functions of a wealth management business, from planning, trading, post-trade processing and investor reporting to fee billing and invoicing. 

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