Quartal Financial Solutions launches another global integration project for Quartal COMMISSION

Zurich - 20 January 2011

After an intensive selection process, a major Swiss bank selected Quartal Financial Solutions as long-term, strategic software and implementation partner for its commission and fee man-agement business.

In September 2010, the asset management division of a large Swiss bank decided for Quartal Financial Solutions and its market leading software solution Quartal COMMISSION. The solution will be implemented in order to streamline the processing of various commissions and fees in the context of the bank’s international mutual fund distribution for own funds as well as for a wide range of third-party funds supplied and distributed through a renowned fund platform. Among others, the aims of the project include the standardization of various commission and fee management processes and the replacement of the former system envi-ronment that was based on several commission and fee management systems with Quartal COMMISSION, an automated and centralized solution.

As part of the selection process, Quartal COMMISSION was successfully and easily inte-grated into the banks IT-infrastructure. A proof of concept for the implementation was put into operation within one month. In the selection process, Quartal Financial Solutions bene-fited from its eleven years of experience in commission and fee management and successfully demonstrated its solution’s flexibility, configurability and usability.

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