Automated Billing, Settlement and Reconciliation Platform
FastSettle is a feature-rich settlement platform that delivers accurate and rapid automation of complex back office processes, including billing, contract management, settlement and reconciliation. It helps companies improve billing & settlement accuracy, eliminate manual work effort and reduce costs.
FastSettle Key Features:
- Settlement of principal, fees, and commissions
- Customizable settlement criteria hierarchy
- Automated generation of funds transfer files
- Automated scheduling of reconciliation with partners
- Review, correction, and resubmission capability
- Data exchange with external systems
- Highly flexible business rules to handle specific requirements with settlement partners, e.g.
- Fees and commissions
- Varying frequencies
- Different close of business cut-off times