AdviserLogic launches cloud-based fee manager
A cloud-based revenue management software has been launched for use by Australian financial services licensees to enable them to process fee and revenue data.
The creators of the AdviserLogic software have built OnPay, which collects information from insurers, managed funds, platforms and loan products, and creates a process which shows where fees are to be paid.
It creates reports and metrics and lets licensees and brokers to collate fee data from different sources.
AdviserLogic managing director and product manager Gundeep Sidhu said revenue management is as much about business analytics as it is an administrative requirement.
"With requirements looming around continuous disclosure fees and revenue, we believe having cloud-based, easy-to-use and reliable software to manage payouts will become essential," he said.
The software is suitable for both large and boutique AFSL business structures.
AUTHOR
Malavika Santhebennur
Recommended for you
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
