Automate end-to-end billing, shorten payment cycles, and manage cost-plus billing.
Are you still manually calculating bills and sending invoices to clients the old-fashioned way? Does your back-office team dread the drudgery of month-end billing? Firm58′s Billing solution lightens the load by offering daily visibility into revenue streams and shortening billing cycles. Whether you’re billing clients or member firms, Firm58 calculates, presents and collects bills online, resulting in improved transparency and more satisfied customers.
- Automatically compute fees, credits and charges for daily trade- and non-trade-related activities (e.g. telecom, rent, etc.)
- Support custom pricing models including flat, tiered, pass-through, cost-plus, etc. (View a sample cost-plus bill)
- Calculate fees in any currency
- Send online bills segmented by trade activity (e.g. order type, asset, etc.)
- Choose a variety of formats, flexible layouts and delivery options
- Daily visibility into past and present trade activity via permission-based Web access
- Send bills and balances out the door faster
- Record and view payment history
- Make reconciliation easier