SOURCE: Bonaire Software Solutions, LLC

June 08, 2009 09:42 ET

Bonaire Software Solutions and Baring Asset Management Sign Agreement to Jointly Promote REVPORT's Management Information Suite

Following the Success of the REVPORT™ Implementation, Bonaire and Barings Are Hosting the Global Product Launch in London, UK

LONDON--(Marketwire - June 8, 2009) - Bonaire Software Solutions, LLC, a leading provider of financial services accounting software solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, and Baring Asset Management announced that they have entered into a formal agreement to jointly promote a new Management Information solution for Asset Managers.

"Our decision to deploy REVPORT™ at the core of our Management Information solution has been fully justified and is on track to deliver our predicted ROI. We have forged a very successful partnership with Bonaire and this latest initiative underpins the long-term strategic importance of that relationship," said Julian Swayne, CFO at Barings.

Under the terms of the agreement Barings will transfer the IP of their state-of-the-art development, produced as part of the roll-out of Bonaire's REVPORT™ Revenue Management suite. With REVPORT™'s data-model at the core of this solution, the MI product will be marketed by Bonaire as a fully integrated component of their existing offering. Available as a value-added module to existing customers or to prospective users as either i) a stand-alone MI platform or ii) integrated with Bonaire's market-leading revenue management capability, this development further cements REVPORT™'s pre-eminent market status.

The implementation of the Management Information solution has allowed Barings to:

--  Centralise revenue, sales and performance data within a single, robust
    repository
--  Automate existing manually-based data consolidation and reporting
    tasks
--  Automate the production of standard MI reporting and improve
    responsiveness to ad-hoc needs
--  Provide the foundation for comprehensive financial modeling,
    forecasting and analysis
--  Lower operating costs and improve efficiency through the replacement
    of manually intensive, spreadsheet-based fee and rebate processes
    

Gary Watts, UK MD at Bonaire, commented, "With the support of our blue-chip client base, we have continued to invest heavily in rolling-out our product vision. Although REVPORT™ 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 the on-going input of true market professionals like Barings, is key to underpinning this continued drive to improve our products and services."

REVPORTTM Revenue Management Key Features:

--  Provides a single repository for fee revenue, sales and performance
    data
--  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
--  Provides management information via fully integrated MI tools,
    including data cubes, views, dashboards and graphical visualization /
    reporting
--  Allows revenue modeling, forecasting and analytics to be performed
    using actual billing rules and schedules
--  Seamlessly integrates with existing upstream / downstream financial
    management and reporting systems
    

About Bonaire Software Solutions, LLC

Bonaire is focused on providing Revenue Management and accounting software and services solutions to the asset management industry. Bonaire's REVPORT revenue management fee billing accounting software package is a revenue center to automate the fee billing process. REVPORT is a Revenue Management Fee Billing platform, or revenue center that aids in fee billing calculation, fee billing, revenue management, commissions, accounts receivable, revenue sharing, and revenue recognition. Clients include industry leading investment managers, asset managers, mutual funds, private client services, wealth managers, banks/trusts and retirement services providers.

Revenue Management Software Products include:

-- REVPORT™ - Fee Billing platform

- Multi-currency revenue management

- Custom Rule Generator

- Commissions and Revenue Sharing

- Revenue Management Modeling and Forecasting Analytics

-- Accounts Receivable - PAYPORT - Payment processing platform with payment matching

-- EMPOWER - Management Information platform

- EMPOWER Basic - Report/Invoice 'views' Developer Toolkit

- EMPOWER/BI - Management Information and reporting

Based in Boston, MA, and London, UK, Bonaire is a privately held company founded in 1999. For more information about Bonaire Software Solutions Revenue Management and Fee billing platform, please visit www.bonairesoft.com.

About Baring Asset Management

Baring Asset Management is an international investment management firm with investment skills, clients and business locations spanning world markets. Our investment competency encompasses developed and emerging market equity, fixed income and multi-asset portfolio management services offered to institutions, retail investors and private individuals. Worldwide clients include public and corporate pension plans, government agencies, financial institutions, charitable organisations, mutual funds and private individuals.

Baring Asset Management is part of the MassMutual Financial Group, a global, diversified financial services organization. Massachusetts Mutual Life Insurance Company (MassMutual) is one of the largest life insurance businesses in the USA.

For more information about Baring Asset Management, please visit www.barings.com.

Contact Information

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

    US
    Bonaire Software Solutions
    John Bosley
    001 617 338 0107 x122
    Email Contact