Bonaire Software Solutions to Discuss ‘Reconciliation Nirvana’ at Financial Technologies Forum ReCon London Conference

London - 8 May 2013

Bonaire Software Solutions, LLC, a leading provider of revenue and expense management and business intelligence solutions to investment managers, mutual funds, wealth managers and capital markets firms, will participate in a reconciliation panel at the Financial Technologies Forum ReCon London Conference.

The panel, entitled “How does a firm get to the Reconciliation Nirvana of better accuracy, efficiency and reporting?,” will feature Terence Faherty, Head of Product Strategy for Bonaire, alongside other industry experts from organizations such as Broadridge, Barclays and Citi. The afternoon panel will address such topics as:

  • The requirements of a state-of-the-art reconciliation infrastructure
  • The importance of reconciliation as it relates to regulatory reporting outputs
  • Drivers behind outsourcing BPO and technology options

In an effort to satisfy regulatory pressure for increased transparency, investment executives are exploring options for consolidation and enhancement of current IT infrastructure. Tailored to the needs of investment institutions, Bonaire’s REVPORT™ technology is a revenue and expense management platform that performs fee billing and expense calculations with validation, reconciliation, fund rebates, revenue sharing, commissions, accounts receivable, forecasting and business intelligence reporting.

“Reconciliation is a big issue for both buy-side and sell-side firms considering today’s regulatory and auditing processes,” states Faherty. “Firms are now recognizing the flaws in their current reconciliation management processes and are in search of more efficient methods of calculation. Not making a technological change will result in a level of data distress that reduces efficiency, complicates audits and cripples business intelligence at the organizational level. We very much look forward to discussing these issues and others as part of this esteemed panel of industry thought leaders.”

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