Arcons Technology Deploys billPort™ for $150B Wealth Management Firm
Arcons Technology has successfully deployed its flagship billing platform, billPort™, at a leading national wealth management firm managing over $150 billion in client assets. The deployment follows the company's initial go-live earlier this year and aims to modernize revenue operations by automating complex billing cycles across an enterprise network post-merger. The solution addresses challenges posed by legacy systems that struggle with fragmented data, manual processes, and diverse fee structures. billPort™ offers a centralized platform capable of handling multi-party account relationships and institutional-scale billing requirements while ensuring compliance readiness. The system reduces invoice processing time from weeks to hours and supports regulatory standards such as SEC reporting. Arcons Technology's CEO emphasized the need for precision in large wealth enterprises, where operational errors can be costly at scale. This deployment reinforces Arcons' position in serving mega-registered investment advisors (RIAs) with sophisticated asset management needs.
Topics: billing automation enterprise software M&A integration wealth management