SOURCE: Bonaire Software Solutions, LLC

June 25, 2008 07:00 ET

Bonaire Software Solutions, LLC Announces Stand-Alone Accounts Receivables and Collections Processing Platform

Robust Stand-Alone Platform With Rules-Based Auto Payment Matching Supports Full Sub-Ledger Accounting and Outbound Data to Update Most General Ledger Systems

BOSTON, MA--(Marketwire - June 25, 2008) - Bonaire Software Solutions, LLC today announced that it has released its new ACCOUNTS RECEIVABLES AND COLLECTIONS PLATFORM.

The ACCOUNTS RECEIVABLES AND COLLECTIONS platform was designed to support the unique requirements of global asset and wealth managers. Bonaire's product platforms are used by many of the top 20 largest investment firms to manage full sub-ledger accounting and send critical accounting data to most general ledger systems.

"The ACCOUNTS RECEIVABLES AND COLLECTIONS offering is built on a superior technological platform allowing for scalability, flexibility, and growth," said John Bosley, Chief Operating Officer at Bonaire. Our collections functionality is unlike any other offering in the marketplace 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 main stream A/R applications."

Key Features:

--  Designed to support needs of multi-company, multi-entity global
--  Full multi-currency processing supported for FAS52 and GAAP standards
--  FX gain/loss processing with rate overrides
--  Ability to process and book client pre-payments
--  Rules-based auto payment matching by bank source (exception-based
--  Aging of Receivables
--  Full access to all payment history by account and by invoice
--  Batch payment processing with invoice allocations
--  Supports payment adjustments and overrides with reason code tags to
    support Sarbanes-Oxley compliance reporting
--  Commissions payout processing against payments received (separate


--  Full sub-ledger accounting and export capability to most G/L platforms
--  All application search features export to Excel
--  Accounts receivables aging report
--  G/L entries report
--  Payments and adjustments report

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 advisor, custody and clearing, wealth management, banks/trusts, hedge funds and retirement services providers. Products include REVPORT™, a Revenue Management Software Platform with modules for Fee Billing, Multi-Currency/Multi-Lingual, Revenue Modeling and Analytics, and RECAST™, a transfer pricing and revenue and expense reallocation module. Based in Boston, MA, Bonaire is a privately held company founded in 1999. For more information about Bonaire Software Solutions, please visit

Contact Information

    Scott Fitzpatrick
    Bonaire Software Solutions
    617-338-0107 ext. 116
    Email Contact