Standard Life Investments Selects Bonaire's REVPORT(TM) Revenue Management Suite Following a Comprehensive, Tender-Based Selection Process Another Blue-Chip Asset Manager Joins Bonaire's Expanding Client Base

2009-12-09 16:50:45 -

LONDON -- (Marketwire) -- 12/09/09 -- Bonaire Software Solutions, LLC, a leading provider of financial services software solutions to investment managers, fund administrators, mutual funds, wealth managers, broker dealers and RIAs, announced that its REVPORT(TM) :

Revenue Management and Fee Billing application has been selected by Standard Life Investments. Headquartered in Edinburgh, UK, Standard Life Investments chose Bonaire after carrying out a rigorous, business-driven, tender-based selection process. Standard Life Investments' acquisition of REVPORT(TM) will deliver tangible business benefits, including:

--  Lower operating costs and improved efficiency through the replacement
    of manually intensive spreadsheet-based processes
--  Automation of existing manually-based performance fee calculations
--  Provision of a scalable platform that will underpin planned business
    growth without a commensurate increase in operating costs
--  Centralisation of revenue data to improve management information
--  Provide the foundation for comprehensive revenue modelling,
    forecasting and analysis

REVPORT(TM) software automates the calculation of fees for the client billing and invoicing 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(TM) takes in a data feed from the client's upstream portfolio management platforms, undertakes complex rules-based calculations and then posts the fee and accruals to the general ledger, while automatically generating invoices.

"Standard Life Investments is committed to continually improving its processes and procedures. We believe that the adoption of Bonaire's revenue management suite will help us in achieving this," said Sean Fitzgerald, Financial Controller.

Gary Watts, UK MD of Bonaire, said, "Undoubtedly, 2009 has been a testing time for the investment management industry and those who serve it. Despite this challenging backdrop, Bonaire has continued to invest heavily in enhancing its solutions and delivering upon our product vision. This bold strategy has been rewarded with another strong year on the sales front and the Standard Life Investments' decision is further evidence of Bonaire's ability to differentiate itself in a very competitive market."

REVPORT™ Revenue Management Key Features:

--  Provides a single repository for revenue, sales and performance data
--  Automates revenue management, fee billing and commission processes
--  Calculates complex fees, rebates, commissions and 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
--  Allows revenue modelling, forecasting and analytics to be performed
    using actual billing rules and fee schedules
--  Seamlessly integrates with existing upstream / downstream financial
    management and reporting systems

About Bonaire Software Solutions, LLC

Bonaire is focused on providing software and services solutions to the asset management industry. Clients include industry leading investment managers, fund administrators, mutual funds, wealth managers, banks/trusts and retirement services providers.

Revenue Management Software Products include:

-- REVPORT(TM) -- Fee billing platform

- Calculation of fees :

, rebates, commissions and accruals

- Multi-currency/multi-lingual :

- Custom Rule Generator :

- Commissions :

- Revenue modelling, forecasting :

and analytics

-- PAYPORT -- Payment and collections processing platform with automated matching

-- EMPOWER BI -- Management Information platform

- Business intelligence :

, management reporting, KPI-based dashboards and graphical visualization

Based in Boston, MA, and London, UK, Bonaire is a privately held company founded in 1999. Bonaire's software products are available for installation at the client site as well as a SaaS, fully managed hosted option. For more information about Bonaire Software Solutions, please visit www.bonairesoft.com :

About Standard Life Investments

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Media Contacts:
UK
Bonaire Software Solutions
Gary Liley
+44 (0) 207 763 6102
Email Contact :

US
Bonaire Software Solutions
Scott Fitzpatrick
001 617 338 0107 x116
Email Contact :