Bonaire Software Solutions, LLC, provider of financial services software solutions announced that its newly enhanced tool modules in the REVPORT Revenue Management suite have been selected by 14 licensees during the first 6 months of 2009.
“During our October 2008 Client Group meeting, our clients asked us to help them address their needs and new information requirements driven by the economic downturn, said Christopher John, CEO of Bonaire. With client assets down and revenue off, Bonaire focused on developing new product tools that would have material financial benefit and a measurable ROI and payback within 12 months. With REVPORT™’s data-model and fee calculation engine at the core of this solution, the tools give our clients the ability to better manage AUM revenue, forecast and analyze their expected revenue from clients and produce key reporting and analytics.”
“With the support of our blue-chip client base, we have continued to invest heavily in rolling-out our product vision. Although REVPORT™ continues to be the pre-eminent revenue management solution; we have evolved our offerings by deploying additional modules including financial modeling and analytics, rules-based receivables and payment matching and integrated Business Intelligence.
“Our tools provide quantifiable value and ROI and have proven to be key points of differentiation in the institutional asset and wealth management marketplaces as evidenced by the number of new wins in 2009.”
The tools have allowed our clients to:
•Centralize revenue, sales and performance data within a single, robust repository
•Automate existing manually-based data consolidation and reporting tasks
•Automate the production of standard MI reporting and improve responsiveness to ad-hoc needs
•Provide the foundation for comprehensive financial modeling, forecasting and analysis
•Lower operating costs and improve efficiency through the replacement of manually intensive, spreadsheet-based fee and rebate processes
•Better meet the increasing requirements surrounding audit, control and compliance
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