REVPORTâ¢ software automates and calculates fees for the fee billing and invoice process. Bonaireâs clients are able to calculate any type of fee for revenue streams and commissions; as well as fees & disbursements associated with accounts and portfolios. REVPORTâ¢ takes in a data feed from the clientâs record keeping platform, computes complex calculations; and then posts the fees to the general ledger while automatically generating invoices and audit, financial control and management reports.
âThe REVPORTâ¢ Fee Billing and Revenue Management Product was designed, architected, and built on a superior technological platform allowing for scalability, flexibility, and growth.â, said John Bosley, Chief Operating Officer at Bonaire. âThe multi-lingual capability further adds to our existing multi-currency functionality to support our clientâs global offices.â
REVPORTâ¢ Key Features:
ï§ Tracks and automatically calculates foreign currency fees, 12b-1 fees, asset management fees, wrap fees, performance fees, sub-advisor payouts and commissions
ï§ Compliance -- full audit trail to assist in Sarbanes-Oxley reporting
ï§ Complete Revenue Forecasting and Accruals
ï§ Complex performance fee calculations
ï§ Multi-currency and multi-lingual capability for global clients
ï§ Eliminates the need for manual calculations and the use of Excel spreadsheets.
ï§ Powerful report capability and revenue data repository