Management Reporting
BARS can output detailed or summarized data based on the information stored in the system over time that can help you understand your true cost of doing business. By tracking all the Fee Sharing, commissions and other payouts associated with a relationship, BARS enables you to run reports showing the net fees to your firm. There might be accounts/households that have been associated with a higher fee schedule, but is also associated with multiple fee-sharing arrangements, and the net to the firm might be less profitable than anticipated. Conversely, there could be straightforward, simple accounts that aren’t being billed at a high rate, but are very profitable. Most firms either don’t know the answers to these questions, or spend hours, days, or longer sifting through reams of paper, files, folders or Excel spreadsheets trying to get the answer. BARS can save you time and money by quickly analyzing your fees, and where they are coming from. This in turn can tell you where to focus your time, and on what relationships.
Larry Baker
BaySys Technology, LLC
Cell: (925) 984-4869
Posted via email from Baysys Technology Blogsby www.socialnetgate.com | Comment »
