CompenSight - Intermediary Compensation Management
CompenSight provides a modular, configurable integration solution that automates the fund companies fee invoice handling business process, with no software to install, bringing immediate benefits.
Custom “connectors” directly integrate the flow of invoice data from different distributors directly into a standard format in the database of the fund company, eliminating the primary source of downstream errors and processing labor.
CompenSight provides a unique way to quickly and accurately configure multiple combinations of products and contract parameters associated with billing. This unique “mass customization” differentiates CompenSight from the competition, enables rapid startup of production systems.
Additionally, CompenSight provides off the shelf invoice connectors for major intermediaries, which are very likely to distribute a large portion of your fund companies assets. Today, these are Excel spreadsheets emailed to you by your larger intermediaries. For smaller Intermediaries, CompenSight can process paper invoices as well. Capnetix takes the data in the form that you get it today.
Configuring CompenSight starts with your Contracts. Do your operations people use an Excel validation sheet today? Do they look up the contract details in a word document? CompenSight structures and organizes your contract data in a standard format, in one place, providing one reference for automatically validating your invoices.
Once Invoices are validated, CompenSight allocates Fee Payments to the appropriate expense account on your corporate financial system, providing check ready instructions. We do it according to rules that you set that are specific to your relationships.
CompenSight can export Accounts Payable data to the fund companies Enterprise Financial systems.
And finally, since fund company executives and directors presently have very little visibility into where their fee checks are going and why, CompenSight will provide Analytics, as a natural add on to the CompenSight Service.
Contact us to setup a no-risk trial. Capnetix will set you up and get you running quickly and easily.
Capnetix continues to add support for a growing list of intermediaries, and we're interested in which one you would like to have next.