Bonaire Software Solutions, LLC today announced its latest release of its market leading Revenue Management and Fee Billing software, REVPORTâ¢, version 8.5. The release is now available to all Bonaire clients and has several major new enhancements added.
âThe REVPORTâ¢ release 8.5 adds several major enhancements to address the key business drivers of our institutional and wealth management clientsâ, said John Bosley, Chief Operating Officer at Bonaire.
With regulatory pressure increasing almost daily, Revport V8.5 can help relieve some of that pressure with its increased Workflow Processing and Audit functionality. Revport V8.5 allows our clients to:
â¢ Better manage, track, and report on their Account Setup process.
â¢ Automatically enforce segregation of duties for Fee Billing and Accounts Receivable processing.
â¢ Create and enforce simple to complex automated validation steps for Receivables Payments with proven and easy to use user definable workflow rules.
Revport V8.5 can help our clients retain existing and win more new clients by allowing them to support more complex relationships and fee structures automatically.
â¢ Setup default fee structures by product and easily apply overrides when needed.
â¢ Analyze fees for complex relationships across multiple invoices to automatically manage and calculate group discounts, minimums, and maximums.
â¢ Automate SUT processing across jurisdictions with robust tax functionality including interfacing with a Tax service.
â¢ Manage and report revenue productivity automatically by tracking revenue by product, market, account manager, or any other classification required.
Enhancements to Bonaireâs add-on modules, such as EMPOWER BI (Business Intelligence) tie all of release 8.5âs new functionality together.
â¢ Coupling Empower BI with Revport V8.5 and PAYPORT provides robust reporting and analytics capability across our clientâs entire revenue processes and data for all functional level needs (Executive, Sales, Financial, Regulatory, etcâ¦).
â¢ Intuitive features empower business end users with the ability to create reports and OLAP cubes to help monitor and streamline tasks and to provide important decision making information.
Bonaireâs Revenue Management Software Products include:
â¢ Fee Billing and invoicing
â¢ Multi-currency & multi-lingual
â¢ Custom Rule Generator
â¢ Revenue Management Modeling and Forecasting Analytics
â¢ PAYPORT â Receivables Management and Collections (30-60-90 aging reports, Dunning notices)
â¢ PAYMENT MATCHING
â¢ EMPOWER BI â Business Intelligence & Management Information platform (ad hoc report writer and dashboards)