Bonaire Software Solutions, LLC, a leading provider of revenue management, accounting and business intelligence solutions to investment managers, mutual funds, wealth managers, broker dealers and RIAs, announced that its Revport platform has been selected by Atlanta-based RidgeWorth Capital Management, Inc.
RidgeWorth's decision provides another key 'win' for Bonaire and provides further evidence of the confidence the market is placing in REVPORT's rapidly evolving functionality. Having started with its roots solely in the back-office fee billing arena, Bonaire's continued investment in delivering its product vision is proving a major competitive differentiator. The combination of REVPORT's core strengths of fee calculation and invoicing along with comprehensive management information capability proved the decisive factor in RidgeWorth's evaluation.
The Bonaire solution will deliver on RidgeWorth's stated objectives to:
• Lower operating costs and 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
• Through automated reporting tools, empower business-users to address their own reporting requirements, thus reducing the cost and time to deliver
• Provide a tangible, quantifiable return on investment
"REVPORT's ability to integrate to our existing back office systems, provide a comprehensive data repository and deliver a robust tool set with receivables management and collections functionalities were key drivers in our decision. Couple this with Bonaire's commitment to working in partnership with RidgeWorth and our decision was made," said John Stebbins, Managing Director & CFO of RidgeWorth Capital Management.
"We are extremely proud of our new relationship with RidgeWorth and also having added another premier investment firm to our growing, global client base," said John Bosley, COO of Bonaire. "Since 1999 we have built an enviable client-base comprising many of the world's leading asset and wealth managers. They recognize our commitment to them and as such, have come to trust our products and services."