EFG Asset Management selects Europe’s market leading solution for Management Fee, Rebate and Distribution Fee Management for mutual funds

Thierry Zuppinger, CEO Quartal Financial Solutions AG.

Zürich – Quartal Financial Solutions announced that EFGAM, the asset management arm of EFG International’s private banking group has selected the Quartal COMMISSION component of Quartal’s single integrated solution for institutional fee billing, revenue, expense, and commission management.

Both Quartal COMMISSION and Quartal FEE MANAGER are accessed through a state-of-the-art graphical user interface or through a web interface. The solution allows the handling of complex fee billing and commission calculation models for all financial transactions and assets for both accounts receivable and payable in a flexible and user-friendly manner. The support of client and product segmentation and hierarchies and the powerful contract management engine with integrated inclusion and exclusion rules allow for the easy and intuitive management of all kinds of standard and bespoke fee and commission agreements. In addition, end-to-end business processes encompassing different stages such as budgeting, calculation, payment, reporting etc. are supported by comprehensive workflow and notification functionalities that can easily be tailored according to clients’ specific needs. Finally, Quartal’s solution provides value add modules that are decisive for empowering crucial business activities such as pricing, budgeting, sales attribution and controlling and related decisions in today’s challenging regulatory and increasingly competitive market environment:

• Data Analysis Module – for dynamic data analysis and control using pivot tables and charts; 
• Profit Analysis Module – for the analysis of revenues, expenses and profits; 
• Simulation Manager – for the simulation and forecasting of various scenarios such as revenue modeling, cost of servicing etc. using actual and simulated fees and/or commission values
• Report Module – for easy to use ad-hoc “drag & drop” reporting using the in-built reporting engine 
• Dashboard Cockpit – for monitoring business values and processes including Key Performance Indicators

Steven Johnson, Chief Operating Officer and Global Head of Operations, EFGAM (UK), stated: “Having reviewed a number of vendors we deemed Quartal to be our preferred solutions provider. Quartal COMMISSION offers an integrated approach to contract management, calculation of management fees, rebates and other related fees and reporting. In particular, Quartal’s value-add functionalities will significantly enhance our revenue analysis, forecasting and sales controlling activities; and better serve our growing fund distribution network”.

“To be signing EFGAM further emphasizes Quartal’s commitment to the UK market, partnering with the industry’s most prestigious clients to develop cutting-edge solutions to ensure that they remain at the top of their business”, said Thierry Zuppinger, CEO of Quartal Financial Solutions. “EFGAM is a specialist asset manager providing a range of actively managed investment solutions to professional advisors and institutional investors world-wide. EFGAM’s decision to select Quartal COMMISSION emphasizes the quality of our market leading solution for commission management to the investment management industry giving our clients the flexibility they need in today’s complex business environment and at the same time, significantly reduce their costs, increase efficiency and provide for greater control of their business operations”.

About Quartal Financial Solutions AG
Quartal Financial Solutions is one of the few specialized solution providers in the financial services industry that exclusively focuses on complex revenue, expense, fee and commission management for leading asset managers, banks, securities services providers, fund administrators and transfer agents worldwide. Quartal’s products enable the automation of complex calculation, payment and invoicing processes along with sophisticated reconciliation, budgeting, expense, contract management and high-end reporting capabilities. Since its foundation in 1999, the company has established a clear market leadership in fee management and commission processing by offering professional state-of-the-art products that cover most of the functional and technical requirements of its clients. Quartal’s impressive track record of leading market players around the globe is its best credential.

About EFG Asset Management
EFGAM is the asset management arm of EFG International’s private banking group headquartered in Zurich, Switzerland. It is an integral part of EFG International’s private banking activities, working closely with Client Relationship Officers and their clients. It is also a distinct, specialist asset manager, providing a range of actively-managed investment solutions to professional advisors and institutional investors worldwide. The business prides itself on its long-term outlook, and seeks to earn the trust of clients based on independent, expert and objective advice. EFGAM’s investment professionals are based in London, Geneva, Zurich, New York, Hong Kong, Singapore and Miami, and manage circa USD 9 billion on behalf of clients.