LexAurum Advisors, based in Kansas, has successfully implemented Arcons Technology’s billing solution ‘billPort’ to automate their billing process. With $800 million in assets under management and over 4,000 accounts custodied at Schwab, LexAurum sought to streamline their billing operations and reduce the need for redundant databases.
The implementation process started in February and was completed well before the scheduled quarterly advance billing for Q2 2024. According to Joanne Hughes, Director of Operations at LexAurum, the customizations provided by Arcons were invaluable. The Arcons team understood their requirements and created a system that will enhance efficiency, speed up billing, and eliminate redundant databases. Hughes also praised Arcons for their outstanding customer service and expressed confidence in their ability to handle future customization requests.
Hemant More, CEO of Arcons Technology, stated that LexAurum is a typical client that represents the demographics of Arcons’ customer base. He expressed delight in serving LexAurum and looks forward to a long-term partnership.
Arcons Technology, founded in 1998, offers customizable solutions tailored to clients’ needs in a cost-effective manner. Their suite of products, Portfolio Edge, includes modules for billing, reporting, trading and rebalancing, CRM, and advisor/client portal. Arcons’ solutions are currently being used by firms managing over $1 trillion in assets.
For more information, please contact Jeevan Gosavi at (650) 533-3452 or via email at [email protected]
Source: Arcons Technology, Inc.
LexAurum Advisors, a company based in Kansas, has successfully implemented Arcons Technology’s billing solution ‘billPort’ to automate their billing process. This development is significant in the context of the financial industry, particularly for asset management firms like LexAurum.
The asset management industry is highly competitive and rapidly evolving. As technology continues to advance, firms are increasingly turning to automated solutions to streamline their operations and enhance efficiency. Billing processes are a crucial aspect of asset management, and automating them can reduce errors and save time for financial professionals.
The market forecast for billing solutions in the financial industry is promising. With the increasing demand for streamlined operations and enhanced efficiency, the adoption of billing automation is expected to grow. Asset management firms of all sizes are recognizing the benefits of implementing such solutions to reduce costs, improve accuracy, and provide a better client experience.
Arcons Technology, the provider of the billing solution ‘billPort,’ has a strong track record in the industry. Their suite of products, including billing, reporting, trading and rebalancing, CRM, and advisor/client portal modules, caters to the specific needs of asset management firms. The customizable nature of Arcons’ solutions enables them to tailor their offerings to meet the unique requirements of their clients, such as LexAurum.
However, the industry also faces challenges regarding data security, regulatory compliance, and integration with existing systems. Asset management firms need to ensure the protection of sensitive client information and adhere to regulatory guidelines. Seamless integration with other platforms and databases is also crucial to avoid redundancies and maintain data integrity.
For more information about Arcons Technology and their customizable solutions, you can visit their website at Arcons Technology. The company has a proven track record, with a customer base that includes firms managing over $1 trillion in assets.
Source: Arcons Technology, Inc.