Billing Manager and BillingWeb

Loading, calculating and reporting transaction information and clearing fees to your correspondents is a critical function. Errors or missing information can cost you thousands of dollars in unpaid fees, over-allocated revenue, wasted time and damage a client relationship. Xtiva’s Billing Manager incorporates your most important information sources and streamlines the calculation and reporting process so your management, clearing staff and clients can rely on error-free information for each correspondent relationship. This flexible system allows correspondent clearing firms to tailor individual billing schedules to each of their correspondents and allows them to provide their correspondents with comprehensive web enabled and PDF settlement statements thru BillingWeb.

Following the proven Xtiva model, Billing Manager makes use of flexible business rules engine which allocates commissions, pass-through charges, money balances, trading rebates, and non-back office charges using correspondent-specific profiles. Additionally, you provide enhanced services to your correspondents by delivering web-enabled and PDF settlement statements to your correspondents through BillingWeb. Refreshed on a daily basis, BillingWeb presents a daily “complete picture” view of profitability as well as provides correspondent management with their monthly settlement statements. BillingWeb also delivers rep, branch and firm level reporting.