Shrinking margins coupled with increasing compliance and regulatory demands require greater operational efficiency in the middle and back office. It's no wonder that 90% of firms expect to outsource technology initiatives for analytics related to risk, compliance and trading, according to a recent SIFMA report. The new broker business model necessitates flexible revenue models, better control of expenses, and web-based access to fee, commission, and payout information. Firm58 helps broker-dealers protect their revenue and increase client and trader satisfaction.
Turn Billing into Business Strategy
Firm58′s comprehensive Billing solution automates the billing process — from calculation to presentation to payment. Clients receive daily visibility to their trade activity, related fees, statements and invoices via Firm58′s online billing portal. The result is a significant reduction in client support costs, and increased customer satisfaction. Read more about Firm58 Billing.
Manage Revenues and Expenses to the Penny
In today’s highly competitive environment, firms need to determine which clients, traders, products and venues are most profitable. With Firm58′s Profit Analysis solution, all income and expense information is calculated automatically and available via a Web browser, providing strategic insight health and strength of your business. Check out our Profit Analysis product.
Grow Revenues with a CSA/Soft Dollar Program
Competitive firms are successfully attracting order flow by offering automated client commission agreements (CCAs), commission sharing arrangements (CSAs), and soft dollar programs to their clients. Firm58′s highly intuitive and configurable solution automates all activities necessary to launch and manage these programs and gives customers access to trade activity via a browser-based portal. Find out more about our CSA/Soft Dollar product.
Pay Clients and Traders Faster
Why juggle complex commission plans using error-prone spreadsheets when Firm58 offers an automated compensation solution? A Web portal gives traders and sales people a simple way to review their activity and payouts on a daily basis. Learn more about our Compensation product.