23 Feb 2010: “Bonaire has continued to invest heavily in new product solutions focused on revenue and expense management for asset managers. The overall vision for Bonaire is to assist clients in consolidating billing data with data that is required to support financial reporting such as revenue, AUM, and expenses.
Currently, consolidating revenue and expense transactions, processing allocations and alignments and doing transfer pricing typically has been handled through various manual processes. Bonaire’s patented system will enable clients to automatically allocate revenue and expense entries and do transfer pricing across their various business entities or mutual fund products based on a defined set of rules, algorithms and data conditions.
We realise that we have unique intellectual property and want to patent our methods where appropriate. The fact that the patent office also agreed that our methods and approach are unique further validates our vision for products geared to the asset management market,” said John Bosley, COO of Bonaire.
REVPORT™ key features: