18 July 2018
Visit www.avoka.com

Barings Asset Management selects Bonaire Revport

13 January 2009  |  1665 views  |  0 Source: Bonaire Software Solutions

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 suite has been selected by Baring Asset Management (Barings).

Headquartered in London, UK, Barings contracted with Bonaire following the successful completion of a Proof of Concept project.

Barings decision provides a key 'win' for Bonaire and further underpins REVPORT's evolution from its traditional back-office, billing roots. Although continuing to harness REVPORT's market-leading fee, rebate and commission calculation capability, Barings felt it was its ability to underpin their stringent Management Information needs that set it apart from the competition.

The implementation project is already progressing successfully and Barings are confident of delivering upon their stated objectives to:

  • Centralise revenue, sales and performance data within a single, robust repository
  • Automate existing manually-based data consolidation and reporting tasks
  • Automate the production of standard MI reporting and improve responsiveness to ad-hoc needs
  • Provide the foundation for comprehensive financial modeling, forecasting and analysis
  • Lower operating costs and improve efficiency through the replacement of manually intensive, spreadsheet-based fee and rebate processes

"After evaluating a number of package and self-build options, we felt that the combination of REVPORTTM's comprehensive, proven data-model and Bonaire's commitment to working in partnership with Barings provided a compelling reason to proceed" said Julian Swayne, CFO at Barings.

Gary Watts, UK MD at Bonaire commented "With the support of our blue-chip client base, we have continued to invest heavily in rolling-out our product vision. Although REVPORT continues to be the pre-eminent revenue management solution; we have evolved our offerings by deploying additional modules including financial modeling and analytics, rules-based payment matching and integrated Business Intelligence. This strategy is paying dividends and adding the household name Barings to our rapidly expanding ccustomer base is testament to that".

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9510 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8904 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7843 views comments | 1 tweets | 5 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
7780 views 19 comments | 14 tweets | 29 linkedin
Banks stand to reap $512 billion revenue boost from 'intelligent automation'Banks stand to reap $512 billion revenue b...
7655 views comments | 21 tweets | 30 linkedin

Featured job

to GBP £90K base, double OTE (estimate)
London, UK or Europe

Find your next job