Quest CE, a leading provider of compliance training and tracking technology solutions, has launched its new Split Billing feature within the QuestTrak seminar administration platform. This enhancement allows financial services firms to share seminar costs among multiple parties by designating percentage allocations for specific event fees.

“Our clients have been asking for a more efficient way to manage shared costs for continuing education events,” said Erica Larson, Director of Regulatory Compliance and Value-Add Services at Quest CE. “The new Split Billing feature directly addresses this need, making it simple to allocate expenses and track payments from both internal departments and external partners.”

Financial services firms regularly collaborate with wholesalers, product sponsors, and other business partners to host educational seminars. Previously, managing the financial aspects of these partnerships required extensive back-office work:

  • Companies had to receive a single invoice, then manually split costs
  • Accounting teams spent valuable time creating separate invoices for partners
  • Firms waited for reimbursement from wholesalers or other contributors
  • Multiple payment cycles created cash flow and reconciliation challenges

The new Split Billing feature eliminates these inefficiencies by allowing firms to designate specific percentages of seminar costs to different parties at the time of scheduling. Each designated payer receives their own invoice automatically, streamlining the entire process.

The Split Billing feature opens new possibilities for firms looking to maximize their educational impact while managing costs. Organizations can now host more impactful events by sharing expenses with product sponsors and extend their budgets further through strategic cost-sharing arrangements. The feature simplifies internal cross-departmental expense allocation while maintaining accurate records of all cost-sharing arrangements.

The Split Billing feature is now available to all Quest CE clients using the QuestTrak system. For more information about implementing this feature, schedule a demo here or contact Quest CE at info@questce.com.

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About Quest CE

For over thirty-five years, Quest CE has been a trusted provider of compliance training and tracking solutions to the financial services industry. In partnering with more than 2,400 leading insurance carriers, broker-dealers, registered investment advisors, and other financial institutions, Quest CE offers a full suite of proprietary technology solutions while delivering an unmatched level of customer service.

Through the delivery of advanced custom solutions, Quest CE honors its mission to empower financial institutions with easy-to-use technology that simplifies their compliance and continuing education programs. For more information on Quest CE, visit www.questce.com.