SOURCE: Bonaire Software

January 14, 2008 08:42 ET

TT International Selects Bonaire's REVPORT™

Bonaire Wins Another UK-Based Client for Its REVPORT™ Solution Suite

LONDON--(Marketwire - January 14, 2008) - Bonaire Software Solutions, LLC, a leading provider of financial services software solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, announced that its REVPORT™ Revenue Management and Fee Billing application has been selected by TT International (TTI), headquartered in London, UK. TTI chose Bonaire after conducting extensive due diligence on other vendors.

REVPORT™ software automates and calculates fees for the fee billing and invoice 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 recordkeeping platform, undertakes complex rules-based calculations and then posts the fees to the general ledger, while automatically generating invoices.

"The Bonaire team really impressed us with their understanding of our business and their approach to solving some of the unique and complex revenue management challenges facing investment management firms like ours," said Graham Barr, Financial Controller. "It was clear from the start that Bonaire has great experience working with wealth and asset managers and has been better able to address the billing issues that are common to our industry. REVPORT™ will be a great asset to our business and will provide the platform to underpin the planned growth in our billing volumes."

"We are extremely proud of our new relationship with TTI and also having added another premier investment firm to our growing, global client base," said Gary Watts, UK MD of Bonaire. "Since 1999 we have built a solid client base consisting of many of the world's leading asset managers, all of whom have come to trust our products and services."

REVPORT™ Revenue Management Key Features:

--  Automates revenue management and fee billing
--  Calculates complex fees, 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
--  Seamlessly integrates with existing upstream / downstream financial
    management and reporting systems
    

About Bonaire Software Solutions, LLC

Bonaire is focused on providing product and services solutions to the financial services industry. Clients include industry leading investment managers, mutual funds, broker dealers, registered investment advisors, custody and clearing, wealth management and retirement services providers. Products include REVPORT™, a Revenue Management and Fee Billing application, and RECAST™, a transfer pricing and revenue reallocation software solution. Headquartered in Boston, MA, Bonaire is a privately held company founded in 1999. For more information about Bonaire Software Solutions, please visit www.bonairesoft.com.

About TT International

Hedge Fund Origins - TTI was founded in 1988 to manage European equities for a well known hedge fund. Today they manage significant assets in long only and hedge fund products, primarily for institutional clients. TTI's success is founded on outstanding investment performance, excellent client service and a willingness to be different.

Independent - TTI is a private partnership under the laws of England and Wales and is wholly owned by the working partners. This means they make investment and business decisions solely with the best interests of their clients in mind. They have no outside shareholders whose interests could conflict with those of their clients or partners.

TTI is committed to achieving high performance in all aspects of what they do -- from investment performance, to client service and business management.

For more information about TT International, please visit www.ttint.com.

Contact Information

  • MEDIA CONTACT:
    Gary Liley
    Bonaire Software Solutions
    +44 (0) 207 763 6102
    Email Contact