UK-based Baring Asset Management has selected Bonaire Software Solutions’s Revport revenue management suite to drive its management reporting.
According to Bonaire Software, the Revport revenue management suite provides a single repository for 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.
The Revport revenue management suite allows revenue modeling, forecasting and analytics to be performed using actual billing rules and schedules. It is also expected to integrate with existing upstream/downstream financial management and reporting systems, the company added.
Bonaire Software is developer of enterprise software and technology services that automate critical Revenue Management processes for financial services organizations.
Julian Swayne, CFO of Baring Asset, said: After evaluating a number of package and self-build options, we felt that the combination of Revport’s comprehensive, proven data-model and Bonaire’s commitment to working in partnership with Baring Asset provided a compelling reason to proceed.
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