Top Three Global Asset Manager Implements Bonaire’s REVPORT™ for Fee Calculation and Client Billing

Boston - 23 August 2011

Replaces multiple existing legacy billing systems for US and EMEA business units.

Bonaire Software Solutions, LLC, a leading provider of revenue management, accounting and business intelligence solutions to investment managers, mutual funds, wealth managers, broker dealers, RIAs and bank/trusts, today announced that one of the top three largest asset managers in the world has selected REVPORT™ to automate fee billing for the firm’s United States and EMEA business units.

The asset manager chose Bonaire after carrying out a thorough RFP selection process to find a replacement for its existing legacy billing systems. The firm will be using REVPORT™ to manage its global fee calculations and client billing.

The global asset manager’s key considerations in choosing a service provider were based on flexibility, accuracy and scalability. With increasing regulatory pressure to provide fee transparency from Dodd-Frank and RDR, the firm sought a flexible and scalable solution that would support regulatory compliance as well as future geographic expansion. The asset manager needed to implement a system that would enable them to demonstrate streamlined processes and complete audit trails for all of their revenue management processes.

REVPORT™ will deliver tangible business benefits, including:
• Lower operating costs and improved efficiency through the replacement of manually intensive spreadsheet-based processes
• Control and calculation of fund or distributor rebates
• Calculation of retrocessions, trailers, sub-advisor pay-outs and fee splits
• Centralize fee-based revenue and accounting data within a single, robust repository

“To be signing such a prestigious global client is a testament to the Bonaire value proposition and the benefits our products can bring to the global investment management industry,” comments John Bosley, COO of Bonaire. “Our REVPORT™ software will ensure that our client can efficiently and accurately calculate their fees, and do it at a lower cost than the old existing systems they had in place.”
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