THE BLOG

05
Feb

Get Paid Faster with Help from the Orion Cash Funding Tool

There’s nothing better than opening your bank account app and seeing that funds have been deposited. But what if you got a message that said, “Funds will be available once trades settle, check back soon.” For many advisors, advisory fees make up a significant portion of their income. If the billing process is disrupted, it can really affect their day-to-day operations. With the Orion Cash Funding Tool, you can run a report to make sure there is enough cash available in your clients’ accounts before you bill. This will save you the headache of trading to free up cash and help you get paid quicker! What? Before billing your clients, you can run a report to make sure there is enough cash available to collect fees. This can be run on a forecast or a live bill. Running this report will help reduce rejections from the custodian and ultimately get you paid quicker. How? To use the Cash Funding tool, go to the Bill Generator or Billing Audit app > Cash Funding tab > Click on the blue calendar icon in the upper right-hand corner > Start Date is the date the Bill Instance was generated End Date is the...

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