automated revenue administration system that accurately calculates highly complex billing for fees and commissions. It provides a uniquely comprehensive and cost-effective billing solution for portfolio management and all areas of trust accounting.

Used by many leading US banks and investment advisors, Advantage has the largest install base in the securities industry. Convenient standard interfaces exist to a number of trust accounting and portfolio management systems.

Standard Functionality

• High Throughput Client-Server Windows NT Technology
• Flexible Rule-based Fee Calculation
• Multicurrency/Multilingual Capability with Euro Triangulation
• Flexible Billing Cycles, including Bill Day Offsetting and Fee Schedule override
• Distribution and Allocations of Fees
• Unlimited Asset Classes, Clients, Accounts, Rates and Fee Schedules
• Accounts Receivable Record Generation
• Billing and Accrual Calculations in Advance or Arrears
• Comprehensive Management Reporting
• ODBC access through MS Access, Crystal Reports, Powerbuilder, and more
• Automated Data Import/Export Facility
• Internet/Intranet SDK for Remote Access

Fee Schedules, Calculation & Options

• Fees Calculated on Market Values, Performance, Transactions, Holdings, etc.
• Flat Fees, Minimum/Maximum Fees, Tiered Fees (Steps and Levels), Rebates, Discounts, etc.
• Fixed Amount or Percentage Fee Calculations
• Indexed, Fixed or Variable Rates
• Over two dozen Calculation Methods including Sum, Average, Weighted Average, Lowest, Highest, Open, Close, Differential Calculation in Advance or Arrears, etc.
• Arrears or Advance Billing Capability
• Unlimited Family (or grouped) Accounts
• Unlimited Fee Schedules per Account
• Fee Schedule Override capability at Account level
• Nested and Conditional Billing Rules
• Initiation/Termination Dates for Billing Rules
• User-defined Equations for Unique Fee Schedules
• Proration of Contributions and Withdrawals
• Asset Consolidation
• Exclusionary Assets
• Template Accounts for Standardized Account Setup
• Proration of Fees for Mid-period Account Open and Close
• Individual or Combined (Prorated) Billing

Invoice Production & Options

• Full Invoice Preparation & Production
• Direct Debit with Export
• Bulk Printing/Processing Facility
• Standard and Customized Invoice Formats
• Private Labels and Logos on Invoice
• Online Preinvoice Review Process
• Multiple Notes per Invoice
• Inclusion of non-Billable fees on Invoice
• Full or Partial Invoicing to Multiple Recipients
• Unlimited Automated or Manual Duplicate Invoices
• Expense Charges included on invoice
• Ability to Add Text to Invoices for Individuals or Groups of Accounts
• Invoice Preapproval with Thresholds per Account
• Multiple Products, Companies, Salespeople, Administrators, Divisions & Account Types
  

General

• Global Taxation Facilities – VAT, GST, HST, PST, QST, and User-defined
• Varied Individual and Group Security Levels
• Archival routines for Transactions, Invoices, and Billing Information
• If-Then Logic Capabilities
• Automated or Manual Transaction Entry Facility
• Comprehensive Accounts Receivable Module
• Graphic and Tabular Representation of Revenue by Category
• Automated Import Facility for Account Information, Payments, and Transactions
• Audit Logs of Manual Entries
• Complete Reversal of Imported Files
• Geographic and Cross-Product Consolidation
• Custom Export to General Ledger, Direct Debit, ACH, and Other Processing Systems
• Monitor of all Server-based Processes