Intellect Fees & Commission allows flexible setup of fees and commission by the bank. The system recognizes multiple channel partners and uses attributes of entities like transaction, customer, channels, AUM, etc. to compute the fees.
The system facilitates calculating the following fees
- Distribution commission- Received by the distributor from the Issuer.
- Fees & Commission Attribution- Received by the Relationship Managers from the Organization
- Customer Fees- Charged to the customers for the services provided by distributor / issuer
- Commission Setup
- Charges Setup - using multiple parameters including customer segmentation, product & transaction attributes.
- Commission Batch setup
- Reports - The following reports are generated out of the system
- Transaction commission
- Holding Commission
- Incentives
- Apportionment
- Reconciliation