Commcise Buy

Commcise Buy is a cloud-based Commission Management and Share-of-Wallet reporting solution built to meet the needs of Investment Managers.

Commcise Buy enables Investment Managers to transform their processing of Commission Sharing Agreements by providing a single integrated platform that supports Reconcilliation, Invoice Management, Broker Voting, Commission Management and Reporting.

Overview of product benefits
Integrated

Commcise has been developed as an entirely new application and all modules are designed to work together; as an example, the broker voting module and the accounting module combine to allow votes to be translated into a cash figure immediately on the screen, taking into account the desk’s aggregated research commission, invoices due, and the voter’s proportion of the desk budget.

Commission Targets

Targets allow monitoring of the research commission collected versus the value of research to be paid for, allowing rates to be re-negotiated and avoiding overpayment

Share of Wallet reporting

Commcise Buy allows all trading activity to be loaded, regardless of asset type and CSA eligibility. This pays off when reporting on commission spend as an overall view can be obtained.

Implementation Speed

The entire Commcise suite is cloud-based which allows very rapid implementation. The principal tasks are definition of broker file formats (brokers which already use Commcise will be pre-configured and will require no further work) and some basic static data configuration e.g. entering desks and users.

Regulatory compliance

The system supports the latest regulatory requirements, for example allowing mixed-use invoices, financial voting, assignment of value to research and events, and thorough auditing of all system activity.

Reporting

Production and distribution of broker packs after the voting process is automated, while allowing review and approval of reports prior to dispatch.

Security

All critical data is encrypted and the latest security standards are implemented throughout the software.

Overview of product features
Rule Engine

The Rule Engine provides a means to split the commission on a trade into execution and research components

Reconciliation

Trade reconciliation is carried out automatically by a matching and reconciliation engine; exceptions are reported and interaction between both parties within the system is possible to resolve any breaks

Invoice Management

Invoices can be added, approved, assigned between desks, split by eligibility; the system will also determine the best party to pay based on an optimisation, with configurable exclusion constraints application

Commission Budgeting

Targets for commission can be set by Investment Team. The system will warn when budget targets are approached with any specific CSA or non-CSA broker, allowing commission rates to be modified to reduce research accumulation

Broker Vote

Votes can be collected from teams with and without research budgets to award; those with a budget are converted automatically to awards. Votes can be applied at broker or lower level e.g. to cover individuals or sectors. All votes and comments entered contribute towards broker feedback reporting.

Research Events

Brokers can bulk upload events and research into the system; this will be displayed at voting time to provide voters with reminders of the background to the award

Commission Management

All commission is aggregated and stored in virtual pools, maintaining ownership by team

Reporting

Many reports are provided by default e.g. broker packs for broker feedback, desk packs for internal reporting, and commission balance reports for financial forecasting. Further reports can be added to the system

Accounting

All transactions are stored in an accounting system using double-entry bookkeeping

Press Releases

BNP-Paribas-Investment-Partners2

BNP Paribas Investment Partners goes live with Commcise

Delivering a fully integrated cloud based solution for the investment management division in response to the latest regulatory and commercial...read more
axa

AXA Investment Managers goes live with Commcise commission management

Commcise are proud to announce that AXA Investment Managers have gone live with CommciseBUY. AXA Investment Managers use Commcise in...read more
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