LAKE SUCCESS, NY: Investment Management Company TCW group selects revenue and expense management solution by a Broadridge financial solution company, Bonaire for automating and streamlining its institutional fee billing. Bonaire is a firm that is into providing software solutions for asset managers, mutual funds and capital markets firms.
Bonaire’s software solution assists in reducing operational costs, improve cash flow and decrease billing cycles and provide tailored fee calculations. Moreover, it helps to improve efficiency via automation and replacement of manually intensive billing processes; centralizes fee-based revenue and accounting data within the storage area; and addresses reporting requirements through automated tools, consequently reducing cost and delivery time.
“We were looking for a solution that would centralize and fully integrate all of our systems under a single platform and could scale as we continue to grow our business. Bonaire’s platform offers a powerful solution that simplifies our revenue management and fee billing processes,” said Jim Krause, Senior Vice President at The TCW Group.
Bonaire’s enterprise solutions perform around revenue and expense management and come in three distinct distribution models—In-house installation, SaaS and Business Process Outsourcing. It also works on fee billing calculations, receivable and collections solutions, and business intelligence reporting.
“Our proven platform helps clients drive efficiencies and lower their operating costs, while helping to meet today’s increasing regulatory requirement. TCW is a leader in the industry and we welcome them to our client base and look forward to supporting their future success,” said Christopher John, President of Bonaire.
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