Bonaire, a Broadridge Financial Solutions, Inc. (NYSE:BR) company and leading provider of software solutions for asset managers, mutual funds and capital markets firms, today announced that The TCW Group has selected its revenue and expense management solution to streamline and automate its institutional fee billing.
Bonaire's revenue management solution leads the industry in helping to reduce operational costs, improve cash flow and decrease billing cycles, as well as providing tailored fee calculations. It also helps to improve efficiency through the automation and replacement of manually intensive billing processes; centralizes fee-based revenue and accounting data within a single, robust repository; and addresses reporting requirements through automated tools, thus reducing cost and delivery time.
"We were looking for a solution that would centralize and fully integrate all of our systems under a single platform and could scale as we continue to grow our business," said Jim Krause, Senior Vice President/Controller at The TCW Group. "Bonaire's platform offers a powerful solution that simplifies our revenue management and fee billing processes."
"Our proven platform helps clients drive efficiencies and lower their operating costs, while helping to meet today's increasing regulatory requirements," said Christopher John, President, Bonaire. "TCW is a leader in the industry and we welcome them to our client base and look forward to supporting their future success."
Bonaire offers broad, enterprise grade solutions for its clients that focus on the processes around revenue and expense management. Capabilities include, but are not limited to; fee billing calculations, accounts receivable and collections solutions, and business intelligence reporting. Bonaire offers its customers three distribution models: In-house installation, SaaS and Business Process Outsourcing.