Provider revenue statements

Provider revenue statements are files issued by product providers that contain transactions that contain details of advice fees or commission data related to products related to advisers and their clients.

Provider file formats

Provider revenue statements come in many different formats. Each provider tends to provide their data in their own proprietary format and often a single provider will have multiple formats reflecting revenue data coming from different business units within the same provider.

Feezily has been developed using our extremely advanced data translation and orchestration technology known as Filegroove. We even created our own special language that we use to "program" the Filegroove translator for each of the different file formats.

Feezily has now been configured to extract revenue data from more than 60 different types of file formats generated by most of the well known Australian product providers - if you find a file format that we don't yet cover then please send us a sample file and we'll do our best to incorporate it - normally within 1-2 business days.

Automatic provider and format detection

In the early days of Feezily whenever users uploaded a file they were required to specify the provider and provider format of that file.

However, we wanted to make Feezily the most easy to use revenue processing solution on the market and so we had an idea that it might be possible to remove these manual provider and format setting steps with the introduction of some clever artificial intelligence into the core of Feezily.
 

As it turned out the idea worked perfectly: we now use pre trained machine learning technology to automatically detect both the provider and the format based on the content of the uploaded file - why make humans do something if a computer can do it for them?


So now, you only need to simply upload a revenue statement file and Feezily will automatically detect the provider and format and then process it, saving you time and making the process extremely easy - even for staff who have never performed revenue processing before.

Setting the batch

When uploading a provider revenue statement to be processed by Feezily you first should select the appropriate batch into which the want the processed revenue statement to be stored. This will typically be batch that corresponds to the period for which the revenue statement was generated e.g. October 2021.

See Statement batch selection for details on setting the current batch.

Uploading statement files

You have two options for uploading a revenue statement file:
  • Drag and drop the file
  • Use the Browse button to locate the file

Drag and drop the file into Feezily

To drag a file into Feezily:

  1. Drag the file from the file system into the drop area shown with the dotted border and release the mouse button.
  2. Click the "Upload" button to commence processing of your file

Processing of the file should commence and you will see the progress bar in the "Workflow panel" animating to indicate the various phases of the process.

Within a few seconds processing should complete. If successful you will see a large green tick in the "Workflow panel".

 

Use the browse button

The other option for uploading is to use the Browse button.
  1. Click on the 'Browse' button
  2. Select the file in your file system that you wish to upload then click Open.
  3. Click the "Upload" button to commence processing of your file

Processing of the file should commence and you will see the progress bar in the "Workflow panel" animating to indicate the various phases of the process.

Within a few seconds processing should complete. If successful you will see a large green tick in the "Workflow panel".