LAKE SUCCESS: Bonaire, provider of software solutions for asset managers, mutual funds and capital market firms announced that its revenue and expense management solution has been selected by The TCW Group to streamline and automate its institutional fee billing.
Bonaire’s solution helps to reduce operational costs, improve cash flow and decrease billing cycles, while providing custom-made fee calculations. Furthermore, it also improves the efficiency by replacing manually intensive billing processes with an automated process, and centralizing fee-based revenue and accounting data within a single repository.
“Bonaire’s platform offers a powerful solution that simplifies our revenue management and fee billing processes,” says Jim Krause, Senior Vice President, The TCW Group. Bonaire’s enterprise grade solution utilizes automated tools to reduce cost and delivery time. Its products are offered in three distribution models namely, in-house installation, Software as a Service and Business Process Outsourcing.
“Our proven platform helps clients drive efficiencies and lower their operating costs, while helping to meet today's increasing regulatory requirements,” says Christopher John, President, Bonaire.