SOURCE: Bonaire Software Solutions, LLC

Bonaire Software Solutions, LLC

March 01, 2010 17:00 ET

SEI Selects Bonaire's REVPORT™ Revenue Management and Fee Billing Platform

SEI Advisor Network Will Use REVPORT for Wealth Management Billing

BOSTON, MA--(Marketwire - March 1, 2010) -  Bonaire Software Solutions, LLC, a leading provider of Revenue Management, accounting and Business Intelligence solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, announced that its REVPORT™ platform has been selected by Oaks, PA-based SEI (NASDAQ: SEIC).

SEI's decision provides another key 'win' in the wealth management area for Bonaire and provides further evidence of the confidence the market is placing in REVPORT™'s rapidly evolving functionality. Having started with its roots solely in the back-office, fee billing arena, Bonaire's continued investment in delivering its product vision is proving a major competitive differentiator. The consolidation of REVPORT™'s core strengths of fee calculation and invoicing, with its comprehensive Management Information capability proved the decisive factor in SEI's evaluation. 

The Bonaire solution will deliver on SEI's stated objectives to:

  • Lower operating costs and improve efficiency through the replacement of manually intensive billing and receivables and collections processes 
  • Centralize fee-based revenue and accounting data within a single, robust repository
  • Automate existing manually-based data consolidation
  • Design workflow to further enhance controls and accuracy
  • Through automated reporting tools, empower business-users to address their own reporting requirements, thus reducing the cost and time to deliver
  • Provide a tangible, quantifiable return on investment

"REVPORT™ represents a significant upgrade to our current revenue management and fee billing processes, plus it seamlessly integrates to our existing back office systems, and provides a comprehensive data repository to meet our needs," said Kevin Crowe, Head of Solutions, SEI Advisor Network.

"We are extremely proud of our new relationship with SEI and also having added another premier investment firm to our growing, global client base," said John Bosley, COO of Bonaire. "Since 1999 we have built an enviable client-base comprising many of the world's leading asset and wealth managers. They recognize our commitment to them and as such, have come to trust our products and services."

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 automates 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, mutual funds, wealth managers, banks/trusts and retirement services providers.

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 with payment matching
  • EMPOWER BI - Business Intelligence & Management Information platform

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 SEI

SEI (NASDAQ: SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company's innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of December 31, 2009, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $392 billion in mutual fund and pooled assets and manages $158 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from numerous offices worldwide. For more information, visit www.seic.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