Billing is critical to every institutional money manager and wealth and asset management firm. Even so, many struggle with billing and revenue management systems administered with spreadsheets and other manual processes.
Accurate and efficient invoicing and revenue management brings many benefits, including faster fee collection and a better client experience. Recognizing these benefits, however, can be a thorny process if left to siloed systems or manual processes. Today, two-thirds of firms suffer revenue leakage due to inefficient manual billing; more than half admit that the reissue of invoices has a negative effect on customers.
Given these hurdles, investments in automation and technology to take control of the billing process are a priority for firms today. Download the infographic to learn more.