BROOKFIELD, Wis.–Fiserv announced its Advantage Fee billing and revenue management solution has been enhanced with a new, intuitive user interface, and will be available for the first time via the cloud. The changes will enable firms to achieve greater operational efficiency with shorter billing cycles, faster fee collection, and better revenue integrity, the company said.
“Advantage Fee processes high volumes of complex invoice transactions and automates invoice management,” Fiserv said in a statement. “Cloud-based application support can reduce total cost of ownership for financial institutions by ensuring access to a scalable infrastructure with global deployment capability.”
Fiserv said its product experts worked closely with clients to understand their needs, and listened to, studied, and considered all feedback to put together an updated user interface designed to accelerate productivity and value for every Advantage Fee client and user.
‘Simple Clean Format’
According to the company, billing and invoicing information is presented in a simple, clean format that can be accessed quickly with only a few steps. To further promote efficiency, the system offers a user experience that is tailored to specific job roles and responsibilities. Guided workflows take users through each stage of the billing lifecycle, providing key status updates and audit functionality. With dashboards and analytics, firms can gain greater visibility to their billing data in real time for improved revenue forecasting, Fiserv added.
“In today’s competitive market, the need for automated, accurate, and timely invoicing is greater than ever,” said Kashyap Kapasi, director, product management and strategy, Investment Services, Fiserv. “The sophisticated calculation engine of Advantage Fee combined with the new user interface and the speed and power of the cloud enables firms to take better control of their billing operations, lower infrastructure costs and enhance efficiency amidst fee and margin pressure.”
For info: https://fisv.co/advantagefee