One of our institutional investment managers has expressed a need to calculate fees for a group of accounts in a household, but with a slight twist. The functionality for grouping accounts is native to Electra Billing—the added twist being the need to calculate sub-groups within the household in a specific sequence and furthermore, ensuring that specific accounts bear the brunt of the lower tier fees. Utilizing the Subset & Floor functionality within Electra Billing, our client was able to satisfy the new request, and calculate the accounts in the exact sequence needed. This functionality is referred to as Stacking & Tiering, which is also native to Electra Billing. The client was thrilled to learn they could accommodate this request seamlessly and without the need for any special development.
(Doug Fritz, Product Manager — Electra Billing)