Bonaire Software Solutions, LLC, a leading provider of revenue management, accounting and business intelligence solutions to investment managers, mutual funds, wealth managers and capital markets firms, today announced that one of the top five global asset managers has gone into production with Revport to automate fee billing for the firm's global asset management business units.
After a thorough selection process to find a replacement for its existing legacy billing systems, the asset manager chose REVPORT to manage its global fee calculations and client billing.
Having adopted a global perspective and set of objectives, the firm needed to implement a centralized revenue management and billing solution that could seamlessly integrate into a consolidated data warehouse system and be used in local offices around the world. Their strategy involved a phased roll-out and implementation of REVPORT™ to various geographies in the United States, the UK, EMEA and Asia.
REVPORT will deliver tangible business benefits, including:
• Lower operating costs and improved efficiency by replacing legacy billing systems across the globe
• Centralized fee-based revenue and accounting information within a single, robust data repository
"With a consolidated data repository already in place, the global roll-out was efficient, fast and cost effective. To be signing such a prestigious asset manager is a testament to the Bonaire value proposition and the benefits our products can bring to the global investment management industry," comments Christopher John, CEO of Bonaire.