Our Solutions

VMS Hub

VMS Hub is a process-and-control workflow solution that aggregates information across your existing systems, providing operational efficiencies in core processes including collection and validation of fees, resulting in transparency for you and your clients.

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5

The
Components of
VMs Hub

Features & Impact

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Trading

Features

  • Super omnibus roll-up
  • Ability to trade company stock, ETFs, MFs, SITs, Sep Accts
  • Ability to transact with any trade partner, at any time

Impact

  • More control over timing of trade files
  • Single touchpoint
  • Enhanced negotiation leverage w/ fund families
  • Auditing of process
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Revenue

Features

  • Shareholder service agreement stored on system
  • Ability to invoice fund families for money owed
  • Ability to track aged receivables
  • Electronically reconciles to fund family and sub-custodian
    and allocates to plan

Impact

  • Eliminates processing inefficiencies
  • Regulatory compliance and audit trails
  • Improved management oversight
  • Cost efficiencies
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Reconciliation

Features

  • Exception-based dashboard design
  • Historical research capabilities
  • System logic to identify out of balance situations

Impact

  • Improved management oversight
  • Always in balance with custodian
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Income

Features

  • Forecasts expected income; reconciles and categorizes actual income
  • Flexibility to post calculated amount or paid amount to accounts
  • Super omnibus roll-up of income

Impact

  • Timely posting and reconciliation of income
  • Ability to pay in advance to clients
  • Ability to systematically post without user intervention
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Billing

Features

  • Calculate participant, advisor, sponsor, RK, and plan level fees at multiple frequencies
  • Add, maintain, and track multiple parties associated with a plan for fee payable/receivable purposes
  • Add minimums at a fee level and/or an aggregated level across multiple fees attached to a plan

Impact

  • Operational savings
  • Reduced risk due to increased transparency, audit capabilities and management oversight
  • Improved flexibility for new business
Aggregation

Unify and simplify information streams and systems

  • Consolidation of disparate internal accounting systems
  • Integration with existing accounting platforms
  • Elimination of costly custom programs
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TRANSLATION

Deliver fund and plan information in a single, simple format

  • Communication across departmental silos
  • Visibility into revenue leakage and revenue opportunities
  • Boost in transparency, flexibility, efficiency and compliance
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AUTOMATION

Optimize processes, workflows and information sharing

  • Execution of trading, reconciliation, income, revenue and billing functions
  • Elimination of labor-intensive manual processes
  • Reduction of error rate and potential regulatory issues
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Aggregation

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Translation

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Automation

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VMS reduces RISK by providing better management oversight, reduces strain on RESOURCES by eliminating manual processing, and maximizes REVENUE by identifying missed revenue opportunities.

VMS HUB Use Case

1

The Client

  • RevenueTracking_bullets Large bank and recordkeeper client had grown considerably through inorganic growth over the last 10 years, with over 11 acquisitions
  • RevenueTracking_bullets As a result, their business processes were inconsistent and technology wasn’t being utilized to improve efficiency and enable workable solutions
  • RevenueTracking_bullets They were concerned about revenue leakage and revenue opportunities within their core businesses as well as a lack of transparency and financial reporting
2

The Solution

VMS integrated VMS Hub with the client’s existing recordkeeping and trust systems.

3

The Result

RevenueTracking_blueuparrow Increased
Revenue

Client was able to increase revenue through identification of leakage and fee collection opportunities

RevenueTracking_bluedownarrow Reduction in Manual
Processes

Client enjoyed a significant reduction in manual processing steps and improvement in the billing and collection processes

RevenueTracking_blueuparrow Increased Process
Improvement

Process improvements led to a significant increase in operational savings