Credit Facilities Billing System
Business application that manages the monthly billing of clients that hold credit facilities. The application calculates commitment fees for each client based on their agreed-upon credit facility terms. Whether credit is fully or partially utilised, the system applies the appropriate fee structure, ensuring compliance with client agreements.
This specialised billing solution automates the management of unutilised credit fees from data collection to invoice delivery. Operational since 2008, it streamlines operations through automated daily data collection, rule-based approvals, direct integration with the core billing engine, and automated invoice generation and delivery.
Commitment fee automation system revolutionizes client billing processes
A specialised billing system transforms the management of unutilised credit fees, automating the entire process from data collection to invoice delivery. Operational since 2008, this solution streamlines billing operations with both automated and manual approval options while significantly reducing processing time.
Core Functionality
The Commitment Fees system provides comprehensive automation of the billing lifecycle:
- Automated daily data collection from enterprise systems
- Structured billing period creation and management
- Rule-based automatic approval for qualifying transactions
- Direct integration with core billing engine
- Automated invoice generation and client delivery
- Complete reporting and administration interfaces
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Technical Information & Development
The solution leverages several integrated technologies:
- MSSQL database for client and billing data storage
- Enterprise data warehouse integration for ACM data
- Control-M scheduling for automated processing
- Connect Direct for secure file transfers
- Form generation technology for invoice production
- Web-based administration interface for client management
- Dual-mode operation supporting both automated and manual approvals
Initially implemented in 2008 with the first billing run in October of that year, the system has evolved from file-based integration to direct data warehouse connectivity.
Business Impact
This billing automation solution delivers significant operational advantages:
- Streamlined operations enabling management by a small team
- Reduced billing process time through data and workflow automation
- Enhanced flexibility with both automatic and manual approval options
- Direct integration with enterprise systems eliminating manual data handling
- Automated client communications reducing human effort
- Comprehensive reporting for efficient client and billing management
- Seamless integration into the broader banking ecosystem
This mature solution demonstrates the lasting value of targeted automation in financial operations, continuing to deliver efficiency benefits more than fifteen years after implementation.
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