Billing Manager

Streamline and standardize your brokerage management functions

For many financial institutions around the world, brokerage management poses complex challenges. Despite the shared goal to create, log, reconcile and settle invoices quickly, the lack of common industry standards leads to diverse approaches adopted across the marketplace. Compounding the issue, is data integrity, rate schedules, and execution of EGUS agreements which impacts an institution’s ability to deliver a robust, efficient process.

BUSINESS CHALLENGES

  • Lack of infrastructure for invoice generation and reconciliation; rate reconciliation resulting in incorrectly calculated brokerage and erroneous balance sheets.
  • A significant manual effort by under-resourced teams leaving less time to resolve issues.
  • Multiple data discrepancies and unstructured procedures Backlog of EGUS agreements to execute, resulting in delays in setting up eRates and rate schedules erroneous balance sheets.
  • Poor transparency of trade level cost and performance metrics adversely impacting broker negotiations.

Lack of infrastructure for invoice generation and reconciliation; rate reconciliation resulting in incorrectly calculated brokerage and erroneous balance sheets.

A significant manual effort by under-resourced teams leaving less time to resolve issues.

Multiple data discrepancies and unstructured procedures Backlog of EGUS agreements to execute, resulting in delays in setting up eRates and rate schedules erroneous balance sheets.

Poor transparency of trade level cost and performance metrics adversely impacting broker negotiations.

THE BILLING MANAGER SOLUTION

eClerx Markets can resolve your brokerage infrastructure challenges by deploying our proprietary Billing Manager technology solution. Supported by a dedicated project management and support team, eClerx’s holistic solution empowers firms to streamline and standardize brokerage management functions. Giving you more time to focus on higher priorities and core competencies within your organization.

Our Billing Manager platform provides robust support throughout the billing lifecycle. To help manage all your billing needs, eClerx Billing Manager integrates seamlessly with your accounting system, enhanced with a wide array of features that include: invoice digitization; static data capture; data cleansing; automated reconciliations and journals; payment generation and a suite of MI metrics that provide oversight.

Asset-Billing-Computer

Streamline and standardize your brokerage management functions

BENEFITS

Invoices digitized and logged within two days of receipt

48% of accruals settled electronically

T+1 exception resolution and static data update

Facilitates clearing of large backlog of payables within constricted timelines, resulting in 92% decrease in payables balance

80% match rates across brokers

Greater accuracy in balance sheet accruals

Benefits

Billing Manager is Your One-Stop Solution
for Global Cleared Derivatives Brokerage

BILLING MANAGER CAPABILITIES

Billing Manager is divided into the following
modules to provide complete transparency into
each process.

ECLERX MARKETS BILLING MANAGER FEATURES

Billing Manager consolidates key features into a centralized interface.

Choose the features you need

Exception manager

Identify, resolve and track trade exceptions

Invoice Tracker & Reconciliation

Efficiently reconciles broker invoices with internal data

Metrics Suite

Provides operations, cost, efficiency and business metrics

Rate Calculator

Computes rate and brokerage using rates from EGUS agreements

Invoice Generation

Generates monthly invoices in PDF/Excel format

Fund application

Facilitate fund application at invoice and trade level

eClerx Markets Billing Manager Features

WHY ECLERX MARKETS BILLING MANAGER WORKS

Proven control environment
Proven control environment

  • Proactive data quality and exception management to reduce lifecycle of payables and receivables
  • Daily balance sheet substantiation at trade level
  • Customisable suite of industry standard reports, as needed

Seamless integration with existing industry application
Seamless integration with existing industry application

  • Facilitates integration of existing industry tools to provide full compatible solution: FIA invoice format; Atlantis; GPS; GMI R&N
  • Validation of data between applications to minimize errors and increase level of automation

Flexible Pricing and Process Management
Flexible Pricing and Process Management

  • FTE or Unit based pricing
  • Accessible team of skilled professionals for fast deployment of resources to manage unforeseen events and provide process continuity
  • Reduction of operational costs

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