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