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Technology / AI and automation

Baring Asset selects Bonaire’s Revport suite

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.

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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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CBR Staff Writer

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