A leading 20 billion AUM wealth manager adopts billPort, eliminates errors and embraces growth
SAN CARLOS, Calif., March 31, 2025 /PRNewswire/ — Arcons Technology, Inc. announced onboarding a wealth management firm with offices in multiple locations, including in Georgia and Indiana, on their billing product named ‘billPort’. The firm managing over 11,000 accounts on their books totaling about $20 billion in assets had long sought to bring efficiencies during their periodic client billing cycle.
Their operations staff had spent hundreds of hours computing client fees, rechecking calculations, and generating management reports every billing period for their innumerable complex billing scenarios. With the adoption of billPort, they now enjoy a streamlined process from start to finish, with minimal manual work. All their rules and exceptions are setup in billPort, and a single button click results in completing the task, freeing the team to support the firm’s explosive growth. This sped up process allows full revenue collection as soon as the quarter closes, improving their cashflows.
“We are excited to announce the successful implementation of our billing and invoicing solution with bespoke processes crafted for our new client. Their advanced scenarios are elegantly captured in our models. With this finely tuned system, they can do all they did before, with the addition of stress-free ease. Be it sleeve-level billing, detailed calculation audits, providing previous billing summaries or generating management reporting and analysis, billPort makes it a breeze.” said Hemant More, CFA, CEO of Arcons Technology.
Arcons’ billing platform ‘billPort’ has been serving the industry for nearly two decades and it is being used by firm ranging from Assets Under Management of $100 million to $250 billion. It offers features like payments tracking, invoicing, advance/arrears billing, credits/write-offs as well as host of reporting. The application integrates with various custodial data formats and Portfolio Management systems. billPort is part of a suite of modules that includes trading, rebalancing, client portal, advisor portal, performance reporting, and CRM.
“billPort is very user friendly, easy to navigate and is accurate. We were skeptical whether billPort could handle our pod level billing as it is very involved. However, the team at Arcons was quick to understand the complexities and created a sophisticated solution to match our needs. The best part about the Arcons team is their willingness to add features to help streamline all our processes. The end product enables us to spend less time and resources on client billing and increases our overall productivity. They tailored billPort to fully meet our unique billing needs, ensuring accurate calculations and seamless implementation.” said the team leader of the billing operations.
About Arcons Technology, Inc.Ā
Founded in 1998, Arcons provides customizable solutions tailored to clients’ needs fully and cost effectively. At present, Arcons’ solutions are in use by firms who cumulatively manage over $1 trillion.Ā Ā
Arcons offers a suite of products named Portfolio Edge, a SaaS offering that has modules for billing, reporting, trading and rebalancing, CRM and advisor/client Portal. Clients can use selected or all modules according to their needs.Ā
Media Contact
Jeevan Gosavi
(650) 533-3452
[email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/arcons-billing-solution-drives-efficiencies-saves-countless-hours-302415527.html
SOURCE Arcons Technology, Inc.
