Bye, Bye Spreadsheet

Best Practices for Tracking and Managing Payments to Distributors

Web Seminar
Available On-Demand
Date Held: October 20, 2011


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Distribution and service fee payments to intermediaries is a major expense for mutual companies today. Numerous, complicated fee arrangements with third party distributors and service providers is turning the processing of compensation payments into an operational nightmare. It is largely a manual, time consuming effort involving hundreds of spreadsheets and documents that not only add to expense and lost time, but is a prescription for errors that can put a management company at financial and compliance risk.

In this discussion with industry experts you will learn the best practices firms are using to eliminate spreadsheets in their operations and improve both the efficiency and the accuracy of payment processing.

Money Management Executive's Live Broadcast will feature a roundtable that will explore the need for a consistent and standardized approach to using data and automated processes to mitigate the risk of inaccurate payments and expedite payments.

A panel of asset managers will join a leading solutions provider for compensation management on the panel to explore:

  • Business challenges resulting from the rapid expansion of payment arrangements
  • Regulatory requirement for increased 'transparency' on those payments
  • Problems resulting from the use of spreadsheets
  • Technology being deployed to Integrate and automate processes for receiving and processing invoices and data from distributors
  • The role distributors can play to help address this industry issue

Moderated by:

  • Tom Steinert-Threlkeld, Editorial Director, Money Management Group

Speaking panel:

  • Michael Interrante, Director, Finance Asset Management, Deutsche Bank AG
  • Carol Denny, Director, Legg Mason Global Fiduciary Platform, Legg Mason
  • Robert Rokose, Managing Director, Head of Financial Strategy, Allianz Global Investors
  • Chip Miller, Executive Vice President, Access Data, a Broadridge Company

Sponsored by:

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