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.