PitCrew
System Online // Active

Catch Billing Errors

Catches billing errors before invoices reach clients. Validates fees against advisory agreements and Form ADV disclosures automatically.

Why This Matters

Billing errors destroy client trust and trigger regulatory scrutiny faster than almost any other compliance failure.

× Client complaints about incorrect fee calculations
× Examination findings for fee disclosure violations
× Eroded trust from billing inconsistencies
× Revenue leakage from undetected calculation errors

Fee accuracy isn't optional. One billing error can cost more than years of compliance software fees.

What This Agent Automates

  • check_circle Validates invoices against signed advisory agreements
  • check_circle Checks tiered fee structures and breakpoint calculations
  • check_circle Ensures alignment with Form ADV Part 2A fee disclosures
  • check_circle Flags accounts where billed fees exceed agreement terms
  • check_circle Generates compliance summaries for audit trails

What It Eliminates

  • close Manual spreadsheet comparisons across hundreds of accounts
  • close Risk of billing clients at wrong fee tier
  • close Last-minute corrections when clients question invoices
  • close Audit trail gaps when examiners request billing documentation

How It Works

STEP 01

Upload

Client billing run, fee schedules, advisory agreements.

STEP 02

Validate

Invoice amounts vs agreement terms vs ADV disclosures.

STEP 03

Flag

Calculation errors or agreement mismatches.

STEP 04

Report

Compliance summary with specific account-level findings.

Example Outputs

Fee calculation error: Account 12345 billed at 1.25% but agreement specifies 1.00% for AUM $500K-$1M tier.

Suggested action: Correct invoice before client delivery or document approved exception.

ADV mismatch: Billed performance fee structure not disclosed in Form ADV Part 2A Item 5.

Suggested action: File ADV amendment or cease billing performance fees until disclosed.

Validation passed: All billed fees match agreement terms and ADV disclosures. No exceptions detected.

Suggested action: Billing run approved for client delivery.

Who This Helps

Operations Teams

Validate billing runs before invoices reach clients.

CCOs

Ensure fee accuracy aligns with ADV disclosures.

Principals

Catch calculation errors before they trigger complaints.

Finance Teams

Reduce revenue leakage from undetected billing mistakes.

Still Checking Fees Manually?

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Review My Fees

✓ Catches billing errors before invoicing

✓ No credit card required