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ValueMomentum addresses multiple needs for organizations in the Money Management industry.
Fee based revenue models are increasingly becoming the mainstay for money managers. It is therefore surprising that most money managers are still using spreadsheets based processes to manage their fee calculations & billing. These processes are extremely manual and lead to significant delays and errors in charging and realizing fees due for services that have been provided. Furthermore, such processes are expensive to administer on an ongoing basis and add to operational budgets. Innovative fee & billing structures cannot be efficiently implemented and administered. ValueMomentum’s Fee Billing Solution is geared to address these and other related challenges faced by money managers.
Fee reconciliations with partners is another area that is inadequately served by spreadsheet driven processes. Money Managers are finding that do not have visibility on the fee revenues that are due to them from partners, and this makes them extremely dependent on the reports generated by their partners. This is caused due to inadequate capabilities within their own systems for automating and enforcing partner (for example - Plan sponsor partners) contracts so as to calculate Fees. ValueMomentum’s Fee Billing Solution is geared to address these and other related challenges faced by money managers.
Money Managers with sales force of more than 50 reps (direct and indirect) are encountering challenges with their incentive management processes. Most of them are still on spreadsheets driven incentive compensation processes that are manual intensive and error prone. Accuracy of calculated incentive amounts is another source of concern due to the resulting impacts on sales morale and conflicts over credits. Sales reps do not have visibility into the rationale for incentive calculations and this leads to disputes on calculated amounts. ValueMomentum’s Incentive Management Solution is geared to address these challenges.
ValueMomentum also has additional solutions for money managers in the areas of Settlements, Offshore Software Development & Maintenance Services.