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COMMISSION MANAGEMENT SOLUTIONS

Market leading commission management solution for the sell-side

Interactions are the new currency for research providers.

Commcise provides a technology platform designed for research providers to maximize revenue and boost profitability.

Fully integrated commission management service pricing & client profitability tool designed to meet the specific needs of brokers & research providers

  • Manage all buy-side customers in a single platform
  • Perform a transparent and automated reconciliation process
  • Support payment, sweeping and commission management processes
  • Unbundle and report on commissions in real-time for entire book of business
  • Manage clients regardless of funding method – RPA, CSA, CCA or non-CSA
  • Support multi-currency clients and payments
  • Provide a full end-to-end audit trail

Fully integrated commission management

service pricing and client profitability tool designed to meet the specific needs of brokers and research providers

  • Manage all buy side customers in a single platform
  • Perform a transparent and automated reconciliation process
  • Support payment, sweeping and commission management processes
  • Unbundle and report on commissions in real-time for entire book of business
  • Manage clients regardless of funding method – RPA, CSA, CCA or non-CSA
  • Support multi-currency clients and payments
  • Provide a full end-to-end audit trail

Interaction Management:

  • Streamline your interaction distribution process

Contract Management:

  • Reduce risk, maximise returns

Scorecard Attribution:

  • Normalise scorecard/vote feedback

Profitability:

  • Analyse relative client profitability

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Optimising research funding, consumption, evaluation and payment processes

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Rules Engine

  • Provides a dynamic, real-time event-based system for unbundling trades, supporting complex rate cards, client-specific eligibility rules, and major global commission basis.

Trade Reconciliation

  • Offers automated trade matching, clear audit trails, and integration with accounting for invoice processing, supporting multi-asset and virtual CSA pool accounting.

Balance Monitoring

  • Full visibility of CSA accruals across the client base, as well as sweeps and payments debited against this and subsequent balance summaries.

Client Portal

  • Offers a secure and individualised web-based platform giving the buy-side the ability to self-report.

Reporting

  • Generates customisable reports for internal and external use in both PDF and Excel formats.

Data Distribution

  • Transmits trade files to all major aggregators.

Invoice Management

  • Facilitates easy invoice creation and authorisation with multi-role approval, API integration, multi-client management, and real-time balance tracking.

Payment, Sweeping & Commission Management

  • Automates fund sweeping, optimises virtual balances, supports algorithmic pay-away rules, and tracks payment instructions with detailed transaction analysis.

Trade Feeds

  • Ability to ingest multiple feeds from various trading systems while dynamically transforming the data to a standardised format.
rules trade monitor portal reporting distribution invoice pay trade
rules trade monitor portal reporting distribution invoice pay feeds

Optimising research funding, consumption, evaluation and payment processes

CommiseCS Wheel
CommiseCS Wheel

Data Quality

Provides editing of interactions, rules-based suggestions of potential merge candidates, client-specific data quality checks, configurable approval workflows, mobile support, and a full audit trail for interactions.

Distribution

Manages deadlines, tracks interactions with alerts, generates aggregator files, analyses rejections, and consolidates data from multiple CRMs.

Pricing

Stores and applies rate cards, prices interactions based on attributes, and offers retrospective pricing analysis.

Design and Tracking

Records agreements, models contract components, identifies applicable interactions, and tracks budgets for clients.

Entitlements

Manages research product entitlements, flags risks, handles invoice workflows, splits invoices, and integrates with accounts receivable.

Reminders

Automatically creates invoice reminders, allows snoozing, and sets reminders for broker votes management.

Scorecard Evaluation

Captures and normalizes buyside evaluation data across various schemes.

Resource Performance

Tracks and compares salespeople and analyst activities to optimize resource allocation.

Revenue Analysis

Monitors invoiced research services and trading revenue, tracks contract consumption, and provides customizable data views and rankings.

Actionable Insights

Offers customizable interaction data reporting, client and broker pack analyses, resource utilization timelines, peer comparisons, and data extraction for reports.

Commcise Client Services

Our Client Services team delivers end-to-end trade reconciliation 
solutions tailored to the unique needs of buy-side firms.

Below materials in next slide: Through our premium trade reconciliation services, clients benefit from reduced operational risk, enhanced accuracy, improved efficiency, and the confidence that their trade reconciliation processes are managed according to industry best practices by our team of specialists.


Standard Services

Dedicated Operations Service Team

Daily trade & balance reconciliation

Manage & optimize invoice/payment processes

Broker onboarding & continued support

Premium Service Library

Bespoke reporting

Manage the Vote

Interaction Support

Contracted services

CommciseBUY

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

Enables Investment Managers to transform their processing of funding and valuing research services by providing a single integrated platform

Supports Budgeting, Funding, Commission Management, Invoice and Contract Management, Consumption Tracking, Research Evaluation, Payments, Reporting and Accounting.

Aggregation 2.0

Commission Management Soft Dollar Aggregation Services

If you have been working with a custodial aggregator or are thinking about it, there has not been an alternative until now for a full service platform offering the technology and the service layer to manage your entire program from reconciliation to payments.

More about Aggregation 2.0
CommciseBUY

Product Features

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.

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.

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.

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.

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.

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.

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.

Research evaluation is the new name for Broker Vote. Commcise 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’.

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.

CommciseSELL

An integrated commission management, service pricing and client profitability tool designed to meet the specific needs of brokers.

Allows all buy-side customers to be managed in a single platform.
Branded web-portal for client access.
CommciseSELL

Product Benefits

Supports MiFID II compliance and running an in-house RPA. Handles all CSA/RCA and non-CSA asset management clients.

Integrates with brokers payment systems and automates all instructions for cash flows. Transmits trade and cleansed interaction data from the distribution hub. Quicker process – Centralised data, calculations and workflow accelerate the end-to-end process and reduce effort expended.

Addresses the whole CSA lifecycle, eliminating manual processes and producing a single audit trail.

Provides end-to-end audit trail, including all key business stakeholders.

All transactions available on-line including payments to research providers and RPA sweeping.

Client portal delivers all transaction and analysis data on-line to asset management clients.

Software as a Service means no hardware or upgrade overheads. Rapid implementation reduces time-to-market and costs.

Commcise

QUICK LINKS

Commcise Buyside App
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