Tabs for Financial Services

Financial services firms often deal with intricate fee structures, including performance-based fees, tiered pricing, and complex revenue-sharing agreements. Managing these billing cycles manually can be time-consuming and prone to errors, resulting in delayed invoices, miscalculations, and challenges with regulatory compliance. Fluctuating asset values and dynamic client portfolios further complicate revenue recognition and financial reporting. Tabs automates the billing process, calculating fees based on real-time portfolio data, and ensuring accurate, compliant revenue recognition. This streamlines operations, reduces errors, and enables asset managers to focus on client relationships and growth.

Automated fee calculation

Financial services firms often deal with complex, variable fee structures such as performance-based fees, management fees, and tiered pricing. Tabs automates the calculation of these fees based on real-time portfolio data and contract terms, ensuring that invoices are accurate and aligned with client agreements. This eliminates the need for manual calculations and reduces the risk of errors, saving time and improving client trust.

Streamlined revenue recognition

With diverse financial products and services, revenue recognition can become challenging for financial services firms. Tabs automates this process, ensuring that revenue is recognized in accordance with the correct timing and ASC 606 compliance requirements. Whether dealing with advisory fees, fund management income, or performance incentives, Tabs ensures accurate, auditable revenue recognition that keeps firms compliant and efficient.

Enhanced client reporting

Accurate and timely reporting is critical in financial services, where clients expect detailed breakdowns of fees, portfolio performance, and asset management activities. Tabs provides real-time reporting and dashboards that make it easy to share insights with clients and stakeholders. This helps firms maintain transparency, improve client satisfaction, and enhance decision-making with current, reliable data.

"Tabs is the only software we saw that could fully automate our complex billing and remittances process. Tabs provides all the features we need to manage our receivables in one, easy-to-use platform. Not only are we now saving time on manual tasks, we’re also able to get cash in the door faster."

Sebastian Hart
Director of Finance & Business Development

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