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AdvisorEngine Launches Enterprise Fee Billing Product, Simplifying Operations and Increasing Revenue Visibility

NEW YORK, July 23, 2018 –

New billing engine delivers customizable fee structures and powerful revenue analytics.

AdvisorEngine, the financial experience company, is helping advisory firms tackle the complexity of fee billing and revenue management. The company today announced the launch of its new billing engine, an impactful solution that brings simplicity to a common operational pain point and adds new visibility for business management.

“Fee billing is cumbersome at growing financial advisory firms - now there is a better way,” said Rich Cancro, Founder and CEO of AdvisorEngine. “Our billing engine streamlines fee calculation for operations staff, gives advisors a clear way to explain fees to clients, offers revenue intelligence capabilities for business management and speeds up the revenue collection process.”

Many advisory firms rely on spreadsheets or a combination of disparate systems to manage their billing processes, creating a costly administrative nightmare. The billing engine offers a centralized source of control over the set-up, maintenance and collection of fees, with the power to support the most non-routine, complex billing arrangements. The solution is also highly configurable to allow for householding, flat and tiered billing schedules, billing in advance and arrears, discounting, advisor fee sharing, and off-cycle billing to fit any firm’s unique needs.

To complement the new billing engine, additional business intelligence features have also been designed to deliver improved forecasting, planning and decision-making across the firm. AdvisorEngine now offers enhanced reporting tools to take the guesswork out of revenue, providing deeper insights into a firm’s revenue trends, cash shortages, exceptions, advisor and firm-level payouts, unbilled assets, and complete calculation details.

AdvisorEngine expects that growing firms will benefit most from this new product. Cancro continued, “Firms that need scalable solutions will appreciate how easy it is to configure their fee structures and how our smart automation and business intelligence make billing so simple. Our approachable interface gives a clean way for each firm to run their business and do things their way.”

The billing engine and revenue reporting capabilities are available beginning today to AdvisorEngine users. For more information or to schedule a demonstration of AdvisorEngine, email info@advisorengine.com.


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