Source: Bonaire Software Solutions
Bonaire Software Solutions, a leading provider of Revenue Management, accounting and Business Intelligence solutions to investment managers, mutual funds, wealth managers, broker dealers, RIAs and bank/trusts, today announced that Groupama Asset Management has selected its Revport product to manage the Paris-based firm's fee calculations.
Groupama Asset Management is a French investment management firm that caters to both institutional and retail clients. With €94.3 billion in AUM as of 30th April 2011, the firm manages extensive client data and calculations regarding their revenue and fee billing. In order to improve accuracy, efficiency, and migrate away from manual processes, Groupama AM will implement REVPORT to replace their current system.
The Bonaire solution will support Groupama AM's stated objectives to:
• Improve efficiency through the replacement of manually intensive billing and receivables and collections processes
• Centralize fee-based revenue and accounting data within a single, robust repository
• Enhance analysis capabilities
• Provide a tangible, quantifiable return on investment
"We looked to implement a system for our revenue and fee management that increased accuracy and flexibility while at the same time minimized operational risk," said Jean-Christophe Benzo, Chief Financial Officer of Groupama AM. "Bonaire's expertise and REVPORT's ability to deliver a robust tool set for revenue modeling and forecasting were key drivers in our selection."
"We are extremely proud of our new relationship with Groupama AM and also having added a premier French investment firm to our growing global client base," said John Bosley, COO of Bonaire. "As the financial landscape continues to evolve, Bonaire is committed to providing our clients with trusted products and services."