Dwight Asset Managemen licences Bonaire Revport

Source: Bonaire

Bonaire Software Solutions, a leading provider of financial services software solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, announced that its REVPORT Revenue Management and Fee Billing application has been selected by Dwight Asset Management Company Headquartered in Burlington, VT.

REVPORT software automates and calculates fees for the fee billing and invoice process. Bonaire's clients are able to calculate any type of fee for revenue streams, as well as fees and disbursements associated with accounts and portfolios. REVPORT takes in a data feed from the client's recordkeeping platform, undertakes complex rules-based calculations and then posts the fees to the general ledger, while automatically generating invoices.

"The Bonaire team really impressed us with their understanding of our business and their approach to solving some of the revenue management challenges facing investment management firms. We are excited to be integrating REVPORT into our back office platform," said Ted Laskaris, Chief Technology Officer at Dwight.

Within the institutional asset management industry, billing and fee calculations are notoriously complex and time consuming tasks. Revport will deliver a multi-currency, multi-lingual REVPORT and creates compliance-driven audit trails further eliminating manual processes, which are labor intensive and error prone. Advisers who use REVPORT are able to automatically calculate a variety of fees, including foreign currency, asset management, wrap, and performance. Sub-advisor payouts and commissions associated with accounts and portfolios are also automatically computed.

"We are extremely proud of our new relationship with Dwight and also having added another premier investment firm to our growing, global client base," said Scott Fitzpatrick, Vice President of Sales of Bonaire. "Since 1999 we have built a solid client base consisting of many of the world's leading asset managers, all of whom have come to trust our products and services."

REVPORT Revenue Management Key Features:
  • Automates revenue management and fee billing
  • Accounts receivables and collections
  • Multi-currency/Multi-lingual
  • Revenue forecasting and analytics
  • Calculates complex fees, accruals, produces invoices and generates all ac accounting and audit output
  • Centralizes fee calculation rules, embedding knowledge in the application and enhancing financial management and control
  • Seamlessly integrates with existing upstream / downstream financial management and reporting systems

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