"iT provides outstanding cooperation and support. We find their
system easy to work with. Our staff can make many adjustments that
previously required programming."
- Leo Klein, ChaseMellon Shareholder Services
"Before Advantage we had sixteen people in the billing department;
two years later we were down to four."
- Bill Kenney, Morgan Guaranty Trust
"Interactive offered . . . the most automated system.
We wanted accurate management reports for our senior executives."
- Moreen Fitzgerald, SunTrust
"Advantage has allowed us to bill anything that has been presented
to us. The conversation is not 'How are we going to do this?,' but
rather, 'Of the ways in which Advantage will allow us to do this,
which is the best option for us?'"
-Michael Logan, VP, Investor Services, JP
Morgan Chase
Schroders Restructures Fee-Billing and
Revenue Admin
(Finextra [UK] 5/03)
Four paragraphs on Schroder Investment Management restructuring
of fee-billing, revenue administration and accruals with Advantage,
interfaced with the Eagle Pace system, with Citisoft providing consultancy
and oversight.
"Marc Nield, executive director,
institutional IT at Schroders says the new system standardises the
format of invoices and greatly increases the level of detail on
fee calculation - improving transparency for the client. ‘Advantage
is also giving us much more accurate and effective management information
on Schroders' revenue streams . . . We are now looking very closely
at the possibility of using Advantage Fee System in all of Schroders'
overseas offices.’"
DTCC, NSCC to Switch Billing Systems, others
to follow
Three Paragraphs on phased
implementation migrating DTCC business units from various legacy systems
to Advantage 5.0.
"The initiative is part of a
strategy to modernize billing and make clear to customers the services
for which they are paying. Advantage provides better control over
usage."
- Dwight Arthur, Managing Director, DTCC
Lomis Sayles selects new billing software
Operations Management, 10/03
Loomis Sayles Fee Biling Intiative ...
“The initiative is part of a
strategy to modernize billing and make clear to customers the services
for which they are paying. Advantage provides better control over
usage. “ (Roy) Leone said the project is significant for Loomis
Sayles because it will streamline processing by generating and reviewing
invoices . . . you can set tolerance thresholds for invoices that
eliminates most of the manual reviewing. . ."
Ops Pros Speak Out
Operations Management, 5/03
This symposium of industry professionals posed a number of strategic
questions. Part of Tom Dackow’s reply to one question is quoted
below:
Around what project will straight-through
processing coalesce?
“ There is no STP magic wand. There
are individual operational processes, like fee computation and collection
through direct debits, that can migrate to an STP model with the
appropriate automation of the underlying manual fee processes, and
there is a quick return on investment.”
New Jersey Co. to Release Enhanced Features
Operations Management, 3/03
Four paragraphs on ancillary modules for Advantage
5.0 – Internet Invoice Viewer, STP Scheduler, and Commissions
Sub-system to further automate revenue management.
"A user-group meeting in June (02)
spurred the development of new technology (which) will come in modular
form and address scheduling, commission calculation and (internet)
invoice viewing."
Lehman, CIBC To Implement Revenue Administration
Software
Operations Management, 9/02
Three Paragraphs on Lehman and CIBC
Oppenheimer Advantage adoptions.
(iT SVP Rostaing) " . . . characterized the (Lehman) selection
as a classic case of needing to automate the billing process."
"CIBC Oppenheimer has licensed the
high-volume Advantage Plus..."
UK Mainstay Licenses Advantage Plus
Operations Management, 9/02
Two paragraphs on third UK Advantage Installation.
"The London-headquartered asset
manager relied on a Sybase Powerbuilder setup, but processing was
not comprehensive enough for ancillary processes such as accrual
capability said (Mark) Nield (executive director of institutional
IT)."
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