Commcise Buy

CommciseBUY provides an integrated, cloud-based platform to help Investment Managers track the funding, consumption and payment of research services. 

Commcise Buy enables Investment Managers to transform their processing of funding and valuing research services by providing a single integrated platform that supports  Budgeting, Funding Commission Reconciliation, Invoice and Contract Management, Consumption Tracking, Research Evaluation, Payments, Reporting and Accounting.

Overview of product benefits
Regulatory compliance

Enables asset managers to demonstrate greater compliance with MiFID II and other regulations.

Increased transparency

Delivers a complete view of investor- or AM-funded research budgeting and consumption.

Automation and scalability

Supports the end-to-end process with any number of CSA broker and RPA administrator relationships.

Broker-neutral solution

Designed specifically to meet the needs of all types of asset management organisations.

Integrated by design

Addresses the complete research lifecycle and eliminates manual processes.

Fully audited solution

Provides a single end-to-end audit trail, including output for all key business stakeholders.

Modern technology base

Fast, secure development, delivered through high-quality user interface, e.g. mobile app.

Overview of product features
Budgeting

Sets budgets for research providers at any level (e.g. team/strategy). Tracks allocation of budgets to portfolios using real-time trading, funding and consumption data. Automatic alerting when approaching a set funding or consumption target.

Funding

Supports any combination of global funding methods: CCA, CSA, RCCA, RPA (transactional, accounting) and P&L methods.  Flexible rules engine determines commission pools, splits and trade eligibility of CSA and full-service rate trades. Accurate unbundling of principal trades.

Reconciliation

Sophisticated trade matching engine allows clients to reconcile CSA and RCCA trades automatically. Fully-audited, allocation-level reconciliation. Bespoke broker file formats supported.
Comprehensive exception management workflow.

Contract management

Centralised management of fixed-price agreements with research providers (e.g. portal access, pay-per-user subscriptions). Automatic generation of invoices. Integration with user consumption budgets.

Consumption tracking

Direct feeds of consumption data from hundreds of research providers. Robust data cleansing and normalisation process. Flexible, rules-based valuation engine supports any buy-side valuation model. Comprehensive consumption reporting against budgets. Robust cost allocation model to ensure interactions are fairly charged to portfolios that have benefited from research. Secure web and mobile-based evaluation including accepting/rejecting, rating and commenting of interactions

Evaluation

Allows top-down, bottom-up and consumption-based evaluation. Flexible levels for evaluating research providers, including by service type, individual contacts or the provider overall. Integration of consumption data and commission balances allows fund managers to see real time ‘value of a vote’.

Payments

Shows CCA, CSA, RPA and P&L payments within a single view. Partnerships with many CSA providers and RPA administrators to facilitate payments and physical aggregation of balances. Automatically generates and tracks payment instructions. Support for priced services (e.g. market data fees, IRP invoices). Intelligent rules-based targeting of funding pools where firms
are supporting P&L and client-funded research.

Reporting

Comprehensive set of MiFID II reports, including fair allocation fund-level funding and consumption. Complete ‘full commission wallet’ reporting. Broker scorecards derived from provider evaluations.

Research accounting

Complete double-entry accounting engine with full support for dynamic CSA/RPA virtual pool accounting. Demonstrates how clients have benefited from research. Shows control over cross-subsidisation. Automated reconciliation of funding balances.

Press Releases

Commcise continues US expansion and secures multiple clients in North America

Delivering comprehensive commission management and research evaluation solutions New York, London, 12th March 2018. Commcise, the award-winning provider of fully integrated...read more

Commcise goes live with MiFID II-compliant automated reconciliation and sweeping service

Commcise has gone live with its MiFID II-compliant automated reconciliation and sweeping service. This enables Asset Managers to reconcile research accruals...read more
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