AdviserLogic launches cloud-based fee manager
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.
AUTHOR
Malavika Santhebennur
Recommended for you
Results are out for the latest sitting of the ASIC financial advice exam, with the pass rate falling for the second consecutive sitting.
Adviser losses for the end of June have come in 143 per cent higher than the same period last year, and bring the total June loss to over 350.
ASIC’s enforcement action is having an active start to the new financial year, banning a former Queensland financial adviser for 10 years in relation to fees for no service conduct.
ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay.
