REVPORT Accounts Receivable Product and Collections - AR
PAYPORT is the premier receivables management solution and has been recognised by 13 out of the top 20 largest global asset managers as “Best in Class”. Our clients consider receivables management as a customer facing part of their operations. Bonaire’s expertise and products improve the speed and quality of your collections.
In financial services, collections is critical to both financial risk management and customer relations. Bonaire’s PAYPORT was designed specifically for the Asset Management industry and provides a flexible enterprise solution for and collections. PAYPORT enables clients to streamline their customer fee payment process,resulting in significant cost saving and measureable return on investment.
• Significantly lower cost than other large vendor products in use by some of the top asset managers in the U.S. and Europe
• Reduces manual processing costs
• Improves cash application and cash receipt projections
• Reduces days outstanding for receivables (DSO)
• Improves asset turns
• Reduces receivables write-offs
• Easy to view payment and invoice history
• Variance reports
• Aging reports
• Dunning notices
• Browser based
• Integrated Business Intelligence and reporting
• Scalable solution that will grow with your organization’s account volumes
• Enterprise ready for multi-site deployment
• Interfaces with recordkeeping, custodial, accounting and general ledger systems
Traditional payment entries are often labor intensive, time consuming and error prone. Even if every customer remits their payments correctly, referencing the exact invoice number and amount, the processing of one hundred payments can take well over an hour.
With PAYPORT, we streamline your operations by reducing this to just minutes.
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