InvoiceConnect - Automating Intermediary Invoice Processing InvoiceConnect 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. InvoiceConnect provides a unique way to quickly and accurately configure multiple combinations of products and contract parameters associated with billing. This unique “mass customization” differentiates InvoiceConnect from the competition, enables rapid startup of production systems, and provides a barrier to market entry by larger competitors.
Additionally, InvoiceConnect 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, InvoiceConnect can process paper invoices as well. Capnetix takes the data in the form that you get it today. Configuring InvoiceConnect 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? InvoiceConnect structures and organizes your contract data in a standard format, in one place, providing one reference for automatically validating your invoices. Once Invoices are approved, InvoiceConnect 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. InvoiceConnect 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, InvoiceConnect will provide Expense Analytics, as a natural add on to the InvoiceConnect 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. |
Featured Services
- Distribution Expense Management Consulting
- Distribution Expense Analytics
- Invoice Connector List
- Turn on Invoice Connect
- Whitepaper - The Growing Problem of Managing Omnibus Distribution
Newsflash
Capnetix has developed a new snap-in module to provide on-line, real-time analytics for invoice data. Contact Capnetix Sales for more details. |
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