Multi-Asset Billing & Collection
Simply grow's SMART helps advisors calculate all their bills in a timely manner and communicates with clients for transparency and collection.
Multi-Asset Billing & Collection
Simply grow's SMART helps advisors calculate all their bills in a timely manner and communicates with clients for transparency and collection.
Collection of fees is a perennial pain point for an advisor leaving them short of cash required to run their business.
We help advisors master their cash flows
Benefit from a detailed bill calculation engine that is configured for different asset classes, investment plans and presents to clients with details drill downs facilitating timely collection.
Calculate bills on time
The system generates bills using flat fee or % AUA logic (based on daily average AUM or pro-rate based on transction dates). It also supports performance hurdle based fee calculation for accredited investors.
Present bills with detailed supporting tables
The system enables Bill drill down to MF Scheme level and Stock level daily average balances, or based on actual investment schedules. Clients can see all their bills, investment plan wise in a ledger.
Collect bills on time
The system uses auto created e-mandates for collecting the bills presented. It sends regular reminders to ensure timely collection and can also optionally turn off specific features based on bill collection status.