BERWYN, PA — Intech Investment Management LLC (Intech), a renowned global quantitative equity manager, has adopted Envestnet, Inc.’s (NYSE: ENV) sophisticated Revenue Manager platform. This decision marks a significant advancement in Intech’s financial management strategy, enabling the firm to optimize its revenue operations with greater efficiency and precision.
Intech, which serves a diverse clientele including pension funds, governments, and various institutional investors, sought a solution that could accommodate its complex needs following its transition to an independent entity in 2022. The firm identified Envestnet’s Revenue Manager as the ideal partner to facilitate growth and address its unique billing challenges. Oscar Paredes, Director of Corporate Accounting at Intech, emphasized the importance of flexibility and efficiency in their selection process, praising Envestnet’s implementation team for their swift and effective onboarding, which was completed in just 18 weeks.
Envestnet’s Revenue Manager stands out in the financial software landscape for its comprehensive capabilities in managing billing, accruals, payments, and providing insightful data analytics. This full-service platform simplifies the revenue management process, offering features such as advanced reporting, customizable dashboards, and automated workflows. These tools empower financial institutions and wealth management firms to navigate their revenue streams with confidence and make data-driven decisions that propel business growth.
David Ritchie, Head of Revenue Manager at Envestnet, highlighted the collaborative nature of the implementation process with Intech, attributing the rapid deployment to the client’s engagement and the quality of data provided. Ritchie also noted the platform’s flexibility, which allowed for the development of customized solutions to meet Intech’s specific needs, including a unique cash flow calculation that significantly streamlined their billing operations.
The partnership between Intech and Envestnet represents a forward-thinking approach to financial management, leveraging technology to achieve operational excellence. By adopting Revenue Manager, Intech not only gains control over its billing processes but also aligns itself with a platform capable of supporting its ambitious growth objectives.
The acquisition of Boston-based Redi2 Technologies, Inc. by Envestnet in July 2022 further solidified Envestnet’s position as a leader in revenue and billing management solutions. Revenue Manager, a legacy solution from Redi2, now plays a pivotal role in Envestnet’s comprehensive suite of technology solutions and intelligence, demonstrating the company’s commitment to innovation in financial services.
As financial institutions continue to navigate the complexities of modern revenue management, solutions like Envestnet’s Revenue Manager offer a path to enhanced efficiency, transparency, and scalability. For firms like Intech, this technological partnership not only streamlines internal processes but also reinforces their commitment to serving their clients with the highest standards of accuracy and reliability.
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