Fund Expense Management System

Take control of your fees and expenses. This expense administration solution provides invoice management, payment authorization, automated accruals, and budgeting to assist fund managers and administrators with managing their expenses.

This uniquely positioned system empowers business users to perform critical decision-making activities, while leaving other activities to outsourced fund accountants and administrators. The fully integrated modules offer a highly sophisticated, seamless way to establish internal workflow controls, allocate expenses across various funds and corporate accounts, manage merged and liquidated funds, authorize payments to your agents, calculate fees utilizing various methodologies, monitor expenses, and plan for the future. By taking advantage of this solution, you can increase efficiency and accuracy in your back office, reduce the threat of fraud and unexpected liabilities, gain visibility into your operations, and potentially lower cost ratios of your mutual funds. All of this is accomplished while maintaining your existing IT and accounting systems along with your outsourced fund accounting, administration, and custody relationships.

Some of the world’s largest mutual fund families rely on the ExadelFS Fund Expense Management System's suite of applications to assist with managing cash flow and expense accounting. Our software has been developed from the ground up utilizing the most current and advanced technologies. This system empowers business users, simply through the use of a Web browser, to easily establish business rules and manage business processes. No longer will managers be at the mercy of closed internal or external IT systems. This scalable, enterprise system can be installed in your existing IT environment or hosted (Software-as-a-Service), to take advantage of all the financial and operating benefits of a subscription-based model.

This suite of applications includes:

Invoice Manager

Manages the entire lifecycle of the invoice process from providing a centralized repository for all invoices to administering sophisticated expense allocation, to sending processed information to fund accountants and payment agents to pay vendors for services rendered.

FeeCalc

Provides a common platform for managers and business users to establish parameters for calculating fund fees utilizing multiple methodologies and payment schedules, generating accruals, managing quality control, and authorizing submission to fund accountants.

Budget Manager

Manages the entire budgeting process from constructing expense budgets to utilizing analytics that incorporate a constant flow of new financial information, to distributing expenses during a fund’s lifetime.

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