• Front Office
  • Design & Usability
  • Technical implementation
  • Online marketing & strategy
  • Content Management
• Mid Office
  • Telephone Messages and Reporting
  • Letters and correspondence module
  • Document management
  • Journals and Tasks
• Back Office
  • Invoicing
  • Financial Administration
  • Commission & Remuneration Administration
  • Consumption Credit Mandate
  • Loss Warrant

Commission & Remuneration Administration

Perhaps on a daily basis you will have to deal with the Decree on the Supervision of Investment Institutions.

“The duty of the supplier to offer transparency in respect of the cost relating to complex financial products and mortgages and a prohibition on bonus provisions for suppliers and intermediaries."

This means in day to day life that beforehand the customer needs to be made aware of the exact remuneration.

Faster Forward Elements offers this function since the first prototypes were being developed in 2005. In Faster Forward Elements the provision or remuneration, next to the products and services, is being allocated and secured. Subsequently the systems immediately calculates the provision. PXD, 70/30, 60/40, passage and interest discount, even the most complexity of the product influences the calculation of provision. It goes without saying that we can process all new zero product without any problem. You will have an insight in all possible levels.

But that is not all. Faster Forward is equipped of a fully fledged financial package where your provision will be automatically counter booked. It is even possible to define in which administration you want the provision to be processed. The module Financial Administration has specifically been developed for this market and is equipped with special sub administrations for the current account relation with the money lenders. This function is always available for you and your advisors! And if you can’t help it, you can still print it.

Advantages / Disadvantages

• Once only input of provision rules and the system calculates everything through
• Full transparency of provision, calculated clearly even after payments to third parties have been made
• Coupled with invoicing and other complete accounting systems
• Possibility to detailed survey, reflecting the provision payments for a certain period
• Easy to print survey for the customer’s benefit
• Easy to print arrangement survey, to be checked either by your company or your service provider
• Easy to search function for products
• Possibility to make links of customers between products

The combination of these very extensive modules, like Time Keeping, Provision administration and Invoicing, coupled with a complete and integral accounting system, make that Faster Forward is ready for the future and that you comply with all the demands relating to payments of provision and transparency of reward.