Threadneedle licenses Bonaire revenue management and fee billing application

Source: Bonaire Software Solutions

Bonaire Software Solutions, LLC, 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 Threadneedle Investment Management Services Limited (Threadneedle).

Headquartered in London, UK, Threadneedle chose Bonaire after carrying out a rigorous, business-driven, tender-based selection process with multiple vendors. Threadneedle's acquisition of REVPORT will deliver tangible business benefits, including:
  • Lower operating costs and improved efficiency through the replacement of manually intensive spreadsheet-based processes
  • Automation of existing manually-based performance fee calculations
  • Provision of a scalable platform that will underpin planned business growth without a commensurate increase in operating costs
  • Centralisation of billing data to improve access to management information
  • Provide the foundation for comprehensive financial modeling, forecasting and analysis

    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.

    "After a comprehensive trawl of the market and a rigorous selection process, Threadneedle was very comfortable with their decision to implement REVPORT," said Gary Watts, UK MD of Bonaire. "It was important for Threadneedle that not only did they select the best solution but also a company that could be considered a strategic partner. Bonaire's comprehensive understanding of their needs and commitment to working with them to deliver market-leading revenue modeling, forecasting and analytical functionality, alongside our proven billing engine, cements this mutually rewarding relationship."

    REVPORT Revenue Management Key Features:
  • Automates revenue management and fee billing
  • Calculates complex fees, accruals, produces invoices and generates all accounting and audit output
  • Centralizes fee calculation rules, embedding knowledge in the application and enhancing financial management and control
  • Allow revenue modeling, forecasting and analytics to be performed using actual billing rules and schedules
  • Seamlessly integrates with existing upstream/downstream financial management and reporting systems
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