SOURCE: Bonaire Software Solutions LLC

Bonaire Software Solutions LLC

June 19, 2009 09:34 ET

Revenue Management Fee Billing and Compliance Case Study Released by Bonaire Software Solutions, LLC

Bonaire's REVPORT™ Offers Fee Billing and Revenue Management Accounting Solutions That Meet Key Security and Compliance Standards Whilst Providing Substantial ROI

BOSTON, MA--(Marketwire - June 19, 2009) - Bonaire Software Solutions, LLC announced that it is making its new Revenue Management Fee Billing and Invoicing system case study available on its web site -- www.bonairesoft.com

According to the author, Mary Cartelli-Joynt, "A key function in the Investment Management industry is client Revenue fee billing. This is the area that not only calculates and presents invoices to clients, but it is the operating group responsible for accurately creating the information for a substantial portion of company revenue and for this reason is subject to scrutiny by auditing bodies."

The Sarbanes-Oxley Act of 2002 and Europe's subsequent MiFID regulation introduced a mandate for public companies to put specific financial and IT controls in place to assess and measure data protection, adherence to internally published controls, reportable audit trails and repeatable results. In order for private companies to sustain a reputable position in this competitive environment, it means that these best practice standards must also be followed to a significant degree.

In the case study, the author discusses the challenge faced by investment managers in how to select a revenue management and fee billing solution that will encompass the following: diverse needs of their portfolio management business without adding layers of manual mitigating controls; insuring that the data used in calculating fees is collected, protected and accurately integrated with other controlling systems; and insuring the integrity of operating results.

John Bosley, Bonaire's COO, said, "REVPORT™ is a strong solution designed to address the current and future, as well as simple and complex billing requirements for the Investment Management industry. Ensuring adherence to best practice and revenue center compliance standards it provides users, managers and auditing bodies access to information to assess and measure data protection, adherence to internally published controls, reportable audit trails and repeatable results.

"REVPORT™ is the solution to address today's fee billing and revenue management complexities and compliance efforts, and tomorrow's growth within our expanding global economy."

About Bonaire Software Solutions, LLC

Bonaire is focused on providing Revenue Management Fee Billing accounting software and services solutions to the asset management industry. Bonaire's REVPORT revenue management fee billing accounting software package is a key revenue center to automate the fee billing and revenue management 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 fund families, wealth managers, TAMPS, Platforms, broker dealers, banks/trusts, registered investment advisors (RIAs), and retirement services providers.

Revenue Management Fee Billing Software Products include:

-- REVPORT™ - Fee Billing platform

- Multi-currency revenue management/multi-lingual

- Custom Rule Generator

- Commissions and Revenue Sharing

- Revenue Management Modeling and forecasting analytics

-- PAYPORT - Accounts Receivable and 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 Software is a privately held company founded in 1999. For more information about Bonaire Software Solutions, please visit www.bonairesoft.com.

About the Author

Mary Cartelli-Joynt is a senior level executive with over 25 years of experience, 13 of which have been dedicated to the Investment Management industry working with premier global investment managers. Throughout her career, Mary has lead teams of technology and business professionals in areas of Business Transformation, Software Development, Business Intelligence, Corporate Governance specializing in financial controls, business process controls, IT general controls, and included regulatory compliance, audit readiness, professional services, accounting and finance.

The author can be contacted at mcj-llc@mindspring.com

Contact Information

  • Media Contacts:

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    Bonaire Software Solutions
    Gary Liley
    +44 (0) 207 763 6102
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    US
    Bonaire Software Solutions
    Scott Fitzpatrick
    617-338-0107 x116
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