According to a statement the Bonaire system’s features aim to: lower operating costs and improve efficiency through the replacement of manually intensive billing and receivables and collections processes; centralize fee-based revenue and accounting data within a single, robust repository; through automated reporting tools, empower business-users to address their own reporting requirements, thus reducing the cost and time to deliver; provide a tangible, quantifiable return on investment.

“REVPORT’s ability to integrate to our existing back office systems, provide a comprehensive data repository and deliver a robust tool set with receivables management and collections functionalities were key drivers in our decision,” said John Stebbins, managing director and chief financial officer of RidgeWorth Capital Management.