"Our decision to deploy REVPORT(TM) at the core of our Management Information solution has been fully justified and is on track to deliver our predicted ROI. We have forged a very successful partnership with Bonaire and this latest initiative underpins the long-term strategic importance of that relationship," said Julian Swayne, CFO at Barings.

Under the terms of the agreement Barings will transfer the IP of their state-of-the-art development, produced as part of the roll-out of Bonaire's REVPORT(TM) Revenue Management suite. With REVPORT(TM)'s data-model at the core of this solution, the MI product will be marketed by Bonaire as a fully integrated component of their existing offering. Available as a value-added module to existing customers or to prospective users as either i) a stand-alone MI platform or ii) integrated with Bonaire's market-leading revenue management capability, this development further cements REVPORT(TM)'s pre-eminent market status.

The implementation of the Management Information solution has allowed Barings 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

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(TM) 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 the on-going input of true market professionals like Barings, is key to underpinning this continued drive to improve our products and services."

REVPORTTM Revenue Management Key Features:

• Provides a single repository for fee revenue, sales and performance data
  
• 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
  
• Provides management information via fully integrated MI tools, including data cubes, views, dashboards and graphical visualization / reporting
  
• Allows 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