SOURCE: Bonaire Software Solutions, LLC

Bonaire Software Solutions, LLC

July 12, 2010 15:59 ET

Bonaire Announces Release of PAYMENT MATCHING Module

Fully Integrated With PAYPORT Receivables and Collections Software

BOSTON, MA--(Marketwire - July 12, 2010) -  Bonaire Software Solutions, LLC today announced the release of its new PAYPORT PAYMENT MATCHING software module. PAYMENT MATCHING is an optional, add-on module that is fully integrated with PAYPORT™. It uses Bonaire's proprietary rules engine to automate lockbox feeds or Treasury uploads of client payments to be matched to accounts with open invoices.

"Bonaire's PAYPORT, designed specifically for the Asset Management industry, provides a robust and flexible enterprise solution for managing customer receivables and payments. PAYPORT enables our clients, including 11 of the top 20 Asset Managers, to streamline their customer fee payment processes resulting in significant cost savings and return on investment," said John Bosley, C.O.O. of Bonaire Software Solutions, LLC.

"The new PAYMENT MATCHING functionality is integrated into Bonaire's PAYPORT allowing for scalability, flexibility, and growth. Our functionality is unlike any other offering in the asset management space today because it includes a rules-based auto payment matching by bank source capability. The user interface and application configuration is greatly simplified for the specific needs of the financial markets we target. The application is very intuitive, is web browser based, and is offered at a fraction of the cost of other mainstream Payments and Collections applications," said Bosley.

BENEFITS

  • Significantly lower cost than other large vendor products
  • Proven and in use by some of the top asset managers in the U.S. and Europe
  • Reduces manual payment matching
  • Improves cash application and cash receipt projections
  • Improves asset turns

About Bonaire Software Solutions, LLC

Bonaire is focused on providing software and services solutions to the financial services industry. Clients include industry leading investment managers, mutual funds, broker dealers, registered investment advisor, custody and clearing, wealth management, separately managed accounts (SMA) sponsors and outsourcers and retirement services providers.

Bonaire's Revenue Management Software Products include:

  • REVPORT™
    • Fee Billing and invoicing
    • Multi-currency & multi-lingual
    • Custom Rule Generator
    • Commissions
    • Revenue Management Modeling and Forecasting Analytics
  • PAYPORT -- Receivables Management and Collections (30-60-90 aging reports, Dunning notices)
  • PAYMENT MATCHING
  • EMPOWER BI -- Business Intelligence & Management Information platform (ad hoc report writer and dashboards)

Based in Boston, MA, and London, UK, Bonaire is a privately held company founded in 1999. Bonaire's software products are available for installation at the client site as well as a SaaS, fully managed hosted option. For more information about Bonaire Software Solutions, please visit www.bonairesoft.com

Contact Information

  • Media Contacts:
    UK
    Bonaire Software Solutions
    Gary Liley
    +44 (0) 207 763 6102
    Email Contact

    US
    Bonaire Software Solutions
    Scott Fitzpatrick
    001 617 338 0107 x116
    Email Contact