Aviva Investors Goes Live with Commcise Commission Management

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London-based asset manager Aviva Investors has implemented a commission sharing agreement (CSA) and share-of-wallet management software solution from Commcise.

Managing CSAs has historically involved juggling spreadsheets, trade reconciliations and payment processes every month. Commcise's browser-based, cloud solution integrates trade reconciliation, invoice payment, commission management, broker voting, commission budgeting and broker pack reporting into a single solution, providing a broker-neutral answer to questions of where and why commission money was spent.

"We chose Commcise because it provides Aviva Investors a robust, fully audited method of managing our commission spend with more than 20 CSA brokers and covers all aspects of our CSA process: everyone involved, including Aviva Investors teams and all our brokers, can log onto the same system and record their data in one place," says Katie Pollock, counterparty risk, derivatives and broker relationship manager at Aviva Investors. "It replaces a complex set of processes and spreadsheets and provides instant clarity on our financial position and offers a robust solution that aligns with the industry's direction of travel."

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