Effective fee administration is crucial for financial advisors to ensure a seamless billing process and maintain strong client relationships. With MADOSX, a comprehensive platform offered by Vijya Fintech Pvt Ltd, financial advisors can efficiently manage fees and billing with ease. In this article, we will provide a step-by-step guide on how to navigate the Fees Administration & Management features in MADOSX, along with a video showcasing to enhance your learning experience.
Introduction:
Fees administration involves creating fee templates, assigning them to client portfolios, generating fees and invoices, and processing client payments. MADOSX user-friendly interface and powerful features streamline this process, enabling financial advisors to focus on delivering exceptional service.
Step 1: Creating a Fee Template
To begin, log in to your MADOSX account and navigate to the "Fees Administration & Management" section. Here, you can create a customized fee template tailored to your billing requirements. Choose the billing frequency (monthly or quarterly) and select the fee type, which can be fixed monthly or quarterly, percentage on AUM monthly or quarterly, slabs on incremental or flat in AUM, or asset or product-wise fees.
Step 2: Assigning the Fee Template and Approval
Once you have created the fee template, you can assign it to specific client portfolios. MADOSX allows you to send the fee template for approval through email to ensure transparency and obtain consent from clients before proceeding with fee deductions.
Step 3: Generating Fees and Invoices
With the fee template assigned and approved, you can easily generate fees based on the defined parameters. MADOSX automates the process, saving you time and effort. Additionally, you can create professional invoices for your clients, enhancing your firm's image and professionalism.
Step 4: Processing Client Payments
MADOSX facilitates a smooth and secure payment process using the Investor Advisor Mandate. Clients can easily authorize payments, ensuring a hassle-free experience for both advisors and clients.
Video Showcasing:
For a visual guide on how to navigate the Fees Administration & Management features in MADOSX, we have prepared a detailed video showcasing the step-by-step process. This video will provide you with practical insights and enhance your learning experience. Please watch the video to gain a comprehensive understanding of the fee administration process in MADOSX.
Explore the powerful fee administration features of MADOSX to streamline your billing processes, enhance client relationships, and optimize your financial advisory services. Please note that the video demonstrates a general overview of the fee management process in MADOSX, and individual results may vary based on your specific settings and configurations.
Note:
For a more detailed understanding of the Fees Administration & Management features in MADOSX, please refer to the attached PDF guide. It provides comprehensive instructions, screenshots, and additional information to support the step-by-step guide and video showcasing.
Disclaimer:
The content of this article and video is for informational purposes only and does not constitute financial or investment advice. All personal data in the video has been blurred to protect privacy, and specific major actions have been taken to ensure data security. The use of MADOSX features, including fee administration and management, should comply with the terms and conditions set forth by Vijya Fintech Pvt Ltd.