News and Updates
The Case for Average Billing: Smoothing out market fluctuations.
Panoramix™ Industry Content Series
Welcome to the sixth in a series of industry content from Panoramix designed to help advisors succeed in a more challenging operating environment.
Particularly in these unprecedented, volatile and pandemic times, technology is playing an even bigger role in how advisors are interacting with their clients and managing their businesses.
In order to protect profits and smooth revenues as markets whipsaw up and down, many advisory firms are revisiting their billing methodologies to better synch up the timing of their revenues and expenses. As the industry has recently experienced, the dramatic revenue drops from the market break in early 2020, created tremendous pressure on RIA P&Ls. So much so, that over 2,000 firms turned to government subsidies in the form of PPP loans to provide a cash flow bridge to manage the revenue hit.
Sapphire Software Services inc., a custom software and business-to-business automation company founded in 2003, developed Panoramix® for financial advisors in 2013 and completes 16 planned releases per year to the product. Sapphire brings business applications to the web, provides consulting services with the best vendors and partnerships, and offers professional development capabilities to automate business processes. Sapphire specializes in business application software development for companies in the financial services sector. Panoramix, its award-winning flagship software tool for portfolio management for financial advisors, focuses on providing multi-custodial performance reporting and client billing, with a wide-ranging additional feature set. Sapphire markets under the name Panoramix Financial. For more information on Panoramix connect with us at www.panoramixfinancial.com.
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