Unity® Expense Payments

Controlled, Scalable Expense Documentation

Timely payment and documentation of expenses is a critical task for all fund companies and service providers. Incomplete or inaccurate processing of expenses can jeopardize business relationships, delay payments and incorrectly state the expenses associated with a particular investment vehicle.

Calculate Confidently with Unity Expense Payments

Unity Expense Payments addresses every phase of the expense payment and documentation function.

With Unity Expense Payments, you can:

  • Reduce manual processing associated with running reports.
  • Eliminate keying of allocation data.
  • Avoid keying allocated amounts into expense memos.
  • Eliminate the manual updating of historical check registers.

And these allow you to:

  • Accelerate invoice payments.
  • Enhance expense management.
  • Facilitate easy comparison of current and historic invoices.
  • Store vendor information.
  • Post payments to the fund accounting system.

Unity Expense Payments accelerates the creation of expense documentation, which allows you to:

  • Reduce Costs by spending less time and money allocating and calculating expenses and creating historical records.
  • Eliminate Risk by automating expense payment allocations and calculations to reduce error-prone manual processes.
  • Elevate Service Levels by paying invoices faster and spending less time with tactical obstacles.
  • Increase Scalability by eliminating highly variable resource costs to manage a greater number of fund payments with fewer staff resources.

Expense Documentation for Every Application

Designed to support managed investments—such as mutual funds, alternative investments, and variable products—Unity Expense Payments integrates seamlessly with common desktop business applications and lets you automatically manage the entire expense payment function from your existing desktop.

And because all data is stored in a centralized database and reused for multiple purposes, you can be confident that values have been validated and controlled.

  • Collect — Import general ledger data, net asset data and outstanding shares from your fund accounting system.
  • Create — Automate the creation of expense payment allocations, expense memo authorizations, historical check register, asset-based fee recalculations, files to upload payments into the fund accounting systems and electronic vendor invoice files.
  • Confirm — Know that your allocations and asset-based fee calculations are validated.
  • Deliver — Generate approved payments, payment memos and supporting documentation reports for review and approval.

The Unity Platform by Design

Unity Expense Payments is part of the Unity platform, the comprehensive fund administration platform from Confluence. The Unity platform replaces multiple time-consuming, costly, and error-prone manual processes with the ability to achieve mass customization, process consolidation, and complete automation of vital reporting functions through a single source.

Each of the product solutions that comprise the Unity platform is available for installation as part of your company's technology infrastructure, or online for users who prefer a fully-hosted option.

 

Learn More...

For more information about Confluence products, call 412.802.8632 or contact us.