Bonaire Software Solutions has launched a new add-on module, Revenue and Expense Allocations, to REVPORT.
The new product allows mutual funds and investment managers to allocate revenue and expenses between various companies and products, mutual funds or distribution channels.
With pending regulation potentially having far-reaching effects on the fund industry, firms must ensure accuracy and transparency in their revenue and expense management and reporting systems, says Chris John, CEO of Bonaire. Our new module was created to help firms not only comply with regulatory measures but to improve the efficiency and productivity of the operational process.
The new Bonaire Revenue and Expense Allocations module allows firms to migrate such data onto a single, Web-based application that provides additional flexibility to generate revenue and expense transactions and allocations through a rule-based process.
(CG)