FIS Billing allows clearing firms to enhance relationships with correspondent clients by providing an accounting based system that will electronically track, calculate and distribute unique billing arrangements. FIS Billing is flexible and accommodates various billing models, currencies, technologies and other ledger systems. Powered by FIS Information Server, FIS Billing automatically calculates the clearing, execution, bookkeeping and cancellation charges and creates journal entries for each correspondent.
FIS Information Server is a robust operational data warehouse offering links to established service providers such as ADP, IBM/ISM, National Financial, NSCC and FundSERV. FIS Information Server aggregates data from multiple back-office systems and provides customer, account and position data to front office wealth management applications.