Envestnet's Revenue Manager Offers Asset
Managers Comprehensive Suite of End-to-End, Enterprise-Class
Billing Capabilities for Streamlined Processes and Elevated
Productivity
BERWYN,
Pa., and BOSTON,
April 11,
2024 /PRNewswire/ -- Envestnet, Inc. (NYSE: ENV), a
leading provider of integrated technology, intelligent data
and wealth solutions, today announced that Intech Investment
Management LLC (Intech), a specialized global quantitative equity
manager, will leverage its innovative suite of billing solutions,
including Revenue Manager, which is a holistic and insightful
revenue platform built for scalable performance and exclusively for
asset managers.
For more information on Envestnet's Revenue Manager, or to
request a demo, please contact RevenueManager@envestnet.com.
Intech, which invests on behalf of pension funds, governments,
foundations and endowments, and other institutional investors, is
utilizing Envestnet's full end-to-end Revenue Manager solution for
billing, accruals, payments, various automated feeds, and
Envestnet's data and analytics.
"After becoming a fully independent company in 2022, we realized
our legacy billing process was not well tailored for us," said
Oscar Paredes, Director, Corporate
Accounting, Intech. "We were looking to gain more control, and
essentially to find a business partner who could help us grow our
business while addressing our concerns. We needed flexibility
because we had a very aggressive onboarding schedule, and
Envestnet's Revenue Manager was the perfect fit. It has advanced
features built in, and Envestnet's implementation team kept a
steady and fast pace during onboarding – we went from the initial
sales conversation to the product fully live on our end in just 18
weeks. We were comfortable throughout the process because we could
see they had the right people doing the right work."
Envestnet's Revenue Manager is a comprehensive financial
management software designed to streamline revenue processes for
financial institutions and wealth management firms. It facilitates
the efficient tracking, analysis, and management of revenue
streams, enabling organizations to optimize productivity.
"We were able to move quickly with implementation because the
Intech team was highly engaged and presented clean data – we view
ourselves as different from our competitors because we have
developed a flexible, overlap approach to implementation," said
David Ritchie, Head of Revenue
Manager, Envestnet. "Clients appreciate the customization benefits
that our Revenue Manager solution offers; for Intech, we saw
opportunities to develop a unique calculation related to cash flows
that would dramatically simplify their entire billing process."
With features such as advanced reporting, customizable
dashboards, and automated workflows, Revenue Manager empowers
businesses to make informed decisions and drive financial success
effectively.
Boston-based Redi2
Technologies, Inc. was acquired by Envestnet in July 2022, creating the industry leading revenue
and billing management platform and becoming part of Envestnet's
platform of technology, solutions and intelligence; Revenue Manager
is one of their legacy solutions.
About Intech
Intech is a private, employee-owned quantitative asset manager
investing on behalf of pension funds, governments, endowments,
foundations, and other institutional investors worldwide. Having
pioneered the application of Stochastic Portfolio Theory in 1987,
Intech continues to seek distinctive alpha sources for clients in
alternative equity, defensive equity, sustainable equity, and
traditional long-only strategies. For information about Intech,
please visit https://www.intechinvestments.com.
About Envestnet
Envestnet is helping to lead the growth of wealth managers and
transforming the way financial advice is delivered through its
ecosystem of connected technology, advanced insights, and
comprehensive solutions – backed by industry-leading service and
support. Serving the wealth management industry for 25 years with
more than $5.8 trillion in platform
assets—more than 108,000 advisors, 16 of the 20 largest U.S. banks,
48 of the 50 largest wealth management and brokerage firms, more
than 500 of the largest RIAs -- thousands of companies, depend on
Envestnet technology and services to help drive business growth and
productivity, and better outcomes for their clients. Data as of
12/31/2023.
Envestnet refers to the family of operating subsidiaries of the
public holding company, Envestnet, Inc. (NYSE: ENV). For a deeper
dive into how Envestnet is shaping the future of financial advice,
visit www.envestnet.com. Stay connected with us for the latest
updates and insights on LinkedIn and X (@ENVintel).
MEDIA CONTACTS:
Amy Norcini
Envestnet
Amy.Norcini@envestnet.com
Andrew Jennings | JConnelly for
Envestnet
envestnetpr@jconnelly.com
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SOURCE Envestnet, Inc.