Bonaire Software Solutions, LLC, a leading provider of financial services software solutions to investment managers, mutual funds, broker dealers and RIAs, announced that it has released REVPORTâ¢ 6.0 on a LINUX supported platform.
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.
The REVPORTâ¢ Fee Billing and Revenue Management Product was designed, architected, and built on a superior technological platform allowing for scalability, flexibility, and growth, said John Bosley, Chief Operating Officer at Bonaire. With a dramatic ROI impact, REVPORTâ¢ significantly reduces costly manual entry, improves billing efficiency and centralizes a key audit and financial control process.
REVPORTâ¢ Key Features:
. Tracks and automatically calculates foreign currency fees, 12b-1 fees, asset management fees, wrap fees, performance fees, sub-advisor payouts and commissions
. Compliance -- full audit trail to assist in Sarbanes-Oxley reporting
. Complete Revenue Forecasting and Accruals
. Complex performance fee calculations
. Multi-currency and multi-lingual capability for global clients
. Eliminates the need for manual calculations and the use of Excel spreadsheets.
. Powerful report capability and revenue data repository