Standard Life Investments Selects Bonaire’s REVPORT™ Revenue Management Suite

London - 9 December 2009

Following a comprehensive, tender-based selection process another Blue-chip asset manager joins Bonaire’s expanding client base.

Bonaire Software Solutions, LLC, a leading provider of financial services software solutions to investment managers, fund administrators, mutual funds, wealth managers, broker dealers and RIAs, announced that it’s REVPORT™ Revenue Management and Fee Billing application has been selected by Standard Life Investments. Headquartered in Edinburgh, UK, Standard Life Investments chose Bonaire after carrying out a rigorous, business-driven, tender-based selection process. Standard Life Investments’ acquisition of REVPORT™ will deliver tangible business benefits, including:-

• Lower operating costs and improved efficiency through the replacement of manually intensive spreadsheet-based processes
• Automation of existing manually-based performance fee calculations
• Provision of a scalable platform that will underpin planned business growth without a commensurate increase in operating costs
• Centralisation of revenue data to improve management information
• Provide the foundation for comprehensive revenue modelling, forecasting and analysis

REVPORT™ software automates the calculation of fees for the client billing and invoicing process. Bonaire’s clients are able to calculate any type of fee for revenue streams, as well as fees and disbursements associated with accounts and portfolios. REVPORT™ takes in a data feed from the client’s upstream portfolio management platforms, undertakes complex rules-based calculations and then posts the fee and accruals to the general ledger, while automatically generating invoices.

“Standard Life Investments is committed to continually improving its processes and procedures. We believe that the adoption of Bonaire’s revenue management suite will help us in achieving this" said Sean Fitzgerald, Financial Controller.

Gary Watts, UK MD of Bonaire, said “Undoubtedly, 2009 has been a testing time for the investment management industry and those who serve it. Despite this challenging back-drop, Bonaire has continued to invest heavily in enhancing its solutions and delivering upon our product vision. This bold strategy has been rewarded with another strong year on the sales front and the Standard Life Investments’ decision is further evidence of Bonaire’s ability to differentiate itself in a very competitive market”.

REVPORTTM Revenue Management Key Features:

• Provides a single repository for revenue, sales and performance data
• Automates revenue management, fee billing and commission processes
• Calculates complex fees, rebates, commissions and accruals, produces invoices and generates all accounting and audit output
• Centralizes fee calculation rules, embedding knowledge in the application and enhancing financial management and control
• Provides management information via fully integrated MI tools, including data cubes, views, dashboards and graphical visualization / reporting
• Allows revenue modelling, forecasting and analytics to be performed using actual billing rules and fee schedules
• Seamlessly integrates with existing upstream / downstream financial management and reporting systems

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