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Bonaire Introduces Revenue and Expense Allocations™ Module to REVPORT™

New patented product to expand capabilities of revenue and expense allocations.

Bonaire Software Solutions, LLC, a leading provider of software solutions for asset managers, today announced the availability of a new add-on module to its flagship product, REVPORT™. The new product, Revenue and Expense Allocations™, allows mutual funds and investment managers to allocate revenue and expenses between various companies and products, mutual funds or distribution channels. Bonaire was awarded a patent on this product in 2010.

In order to report revenue, firms must have the ability to capture and consolidate data from various systems. This often requires that revenue and expenses are allocated and summarized in various products and departments, making the process both difficult and error-prone. The new Bonaire Revenue and Expense Allocations module allows firms to migrate such data onto a single, web-based application that provides additional flexibility to generate revenue and expense transactions and allocations through a rule-based process.

The Bonaire Revenue and Expense Allocations solution allows firms to:

• Provide a finer level of granularity for revenue and expense data

• Reduce the amount of time for Corporate or Fund Accounting group to research revenue and expense accounting issues

• Resolve current data consistency issues across business units

“With pending regulation potentially having far-reaching effects on the fund industry, firms must ensure accuracy and transparency in their revenue and expense management and reporting systems,” comments Chris John, CEO of Bonaire. “Our new module was created to help firms not only comply with regulatory measures but to improve the efficiency and productivity of the operational process.”