Barings decision provides a key âwinâ for Bonaire and further underpins REVPORTâ¢âs evolution from its traditional back-office, billing roots. Although continuing to harness REVPORTâ¢âs market-leading fee, rebate and commission calculation capability, Barings felt it was its ability to underpin their stringent Management Information needs that set it apart from the competition.
The implementation project is already progressing successfully and Barings are confident of delivering upon their stated objectives to:
â¢ Centralise revenue, sales and performance data within a single, robust repository
â¢ Automate existing manually-based data consolidation and reporting tasks
â¢ Automate the production of standard MI reporting and improve responsiveness to ad-hoc needs
â¢ Provide the foundation for comprehensive financial modeling, forecasting and analysis
â¢ Lower operating costs and improve efficiency through the replacement of manually intensive, spreadsheet-based fee and rebate processes
âAfter evaluating a number of package and self-build options, we felt that the combination of REVPORTâ¢âs comprehensive, proven data-model and Bonaireâs commitment to working in partnership with Barings provided a compelling reason to proceedâ said Julian Swayne, CFO at Barings.
Gary Watts, UK MD at Bonaire commented âWith the support of our blue-chip client base, we have continued to invest heavily in rolling-out our product vision. Although REVPORTâ¢ 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 payment matching and integrated Business Intelligence. This strategy is paying dividends and adding the household name Barings to our rapidly expanding customer base is testament to thatâ.