Bonaire Software Solutions, a provider of financial services software, has announced that its Revport revenue management and fee billing application has been selected by UK-based TT International.
Revport software automates and calculates fees for the fee billing and invoice process. Bonaire’s clients are able to calculate any type of fee for revenue streams, as well as fees and disbursements associated with accounts and portfolios. Revport takes in a data feed from the client’s recordkeeping platform, undertakes complex rules-based calculations and then posts the fees to the general ledger, while automatically generating invoices.
Graham Barr, financial controller of Bonaire, said: The Bonaire team really impressed us with their understanding of our business and their approach to solving some of the unique and complex revenue management challenges facing investment management firms like ours.