Bonaire Software Solutions, which provides fee billing applications to fund managers, is to offer them in the UK and Continental Europe.
Bonaire’s flagship product, which is called REVPORTTM, aims to offer fund managers, custodian bank, mutual fund managers, banks and employee benefit plan administrators multi-currency, auditable revenue tracking and fee billing tools.
“Bonaire’s expanded fee management technology, combined with our robust revenue collection services, addresses the complex regulatory and competitive challenges faced by anyone managing or handling global investment portfolios today,” says Christopher John, founder and CEO. “We needed local representation to service the demand from our US and International clients who want to deploy REVPORT TM in their European operations.”
Bonaire (UK) will become the European-wide sales and marketing arm for the company’s billing products. “We are excited about working with Bonaire and the marketing opportunities presented by REVPORTTM,” says Gary Watts, Managing Director of Bonaire (UK) Ltd. “Many European financial institutions have encountered on-going operational challenges in handling increasingly more complicated fee and revenue management processes. Until now, these issues have negatively impacted their bottom line. We believe that REVPORT’s proven ability to address these issues will generate considerable interest and demand from financial institutions in the European market.”