Bonaire Software Solutions, a technology firm with offices in the US and UK, has issued version 9.0 of its revenue and expense management and fee billing software, REVPORT, including core enhancements and new software modules.

“The newly-enhanced REVPORT will further support our asset manager, mutual funds and capital markets clients to help them grow their businesses by processing and reconciling various fees in a timely, accurate and more efficient manner,” said John Bosley, chief operating officer at the firm.

Core enhancements of version 9.0 include new calculation engine functionality, new workflow engine functionality and a new invoice and reporting engine functionality. The firm has also introduced several other features, such as fund/distributor rebates and retrocessions (this automates the process for calculating rebates, retrocessions, commission payouts and generating, receiving, reconciling and processing invoices).

“As the industry is mending from the financial crisis, regulatory demands are placing greater pressure on global asset management firms to implement an operational infrastructure that allows for greater transparency and automation,” Chris John, CEO of Bonaire, said.