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FiRRe



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Overview

FiRRe® — Complex billing, made simple.

Fee income is an important source of revenue for your institution. But too often, the complexities of creating and processing timely, accurate invoices can result in missed revenues and expense reimbursements.

Now there's FiRRe — Fee Invoicing and Revenue Recognition Engine — from SunGard.


 *Calculates fees and expenses
 *
 *Generates custom invoices and reports
 *
 *Tracks and ages open receivables
 *Accepts data feeds from host systems and provides data feeds to update G/Ls
 *Manages revenue
 *Performs forecasting

This comprehensive, easy-to-use system simplifies billing processes, helping you capture every penny of income you're entitled to.

In addition, FiRRe provides your organization with valuable reporting and billing management tools that can help you gain greater control over the entire fee accounting process.

Best of all, FiRRe integrates seamlessly into your existing systems, so you can start capturing more income right away.

DESIGNED FOR EASE OF USE AND PRODUCTIVITY.

With its table structure, automated interfaces, and other features, FiRRe is designed for ease of use and maximum productivity. It's a flexible, scalable solution you can't outgrow.

A time-saving table structure.

With a flexible table structure that can be configured to your needs, FiRRe allows you to enter many records once and apply them as needed. That saves time, reduces the chance of errors, and helps you make the most of your data resources and allows you to customize FiRRe to your specific business. There are user-defined tables for general ledger accounts, bill components, cost centers, administrators, and more. Bill components may be linked to an unlimited number of accounts for use in invoice calculations.

Accurate revenue forecasting.

FiRRe helps you achieve unmatched accuracy in your fee income projections. For example, it allows you to create forecasts for upcoming months based on the fee structures that have already been created for an account.

Flexible management reports.

FiRRe transforms your billing information into valuable management reports. All report formats offered in FiRRe can be easily modified by the user to meet their specific requirements. And with our flexible reporting structure, you can also create new reports that interact with the FiRRe database - and then access those reports through a variety of FiRRe menus.

Automated interfaces.

Through the automated interfaces of FiRRe, information can be easily imported or exported between your other systems. For example, you can import new account, fee counter, and expense information into the FiRRe database. And, you can export your general ledger entries into an external GL system. You can also use FiRRe's automated interfaces to backup and maintain your database. Data may be transferred as flat files or comma-separated value files.

Keywords
billing
complex billing
fee
fee income
fee revenue
fees and expenses
FiRRe
forecasting
invoicing
revenue management
revenue recognition


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