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Bonaire Launches New Capital Markets Solution for Trade Execution Expense Reconciliation and Optimization
[September 25, 2012]

Bonaire Launches New Capital Markets Solution for Trade Execution Expense Reconciliation and Optimization

BOSTON --(Business Wire)--

Bonaire Software Solutions, LLC, a leading provider of revenue management and business intelligence solutions to investment managers, mutual funds, wealth managers and capital markets firms, today announced the launch of its solution to automate trade execution expense calculations, vendor invoice reconciliation and cost allocations for capital markets firms. Powered by Bonaire's REVPORT™, this new functionality enables firms to mitigate the cost and accuracy issues associated with trade execution expenses and vendor invoice reconciliation.

With the rise of electronic trading and regulatory mandates for best execution, trading desks are working with an increasing number of execution venues and, in turn, are faced with managing trade execution expenses across a growing number of partners. Today, trade execution costs are one of the largest expense items for capital markets firms. "We discovered that many firms were managing their trade execution expenses on Excel spreadsheets and were often incurring higher trading costs because of insufficient operational control and visibility. With global regulators and legislators demanding greater transparency and reporting, financial institutions today cannot afford to risk mismanaging their trade execution costs. Not reacting to the regulatory landscape will have a negative downstream impact on clients and shareholders," comments Chris John, CEO of Bonaire.

Driven by REVPORT's market-leading fee calculation engine, Bonaire's new functionality automates the trade execution expense calculation and vendor payment reconciliation process. Rather than relying only on vendor invoices, capital markets firms can now independently calculate fees and reconcile invoices to ensure accuracy. Utilizing the REVPORT rules engine, the solution can calculate and allocate the trade execution expenses back to the appropriatecost center, enabling desks to have a precise picture of their true costs.

The newly enhanced REVPORT functionality for capital markets firms also delivers a number of key benefits for business intelligence:

  • Minimize fee leakage via fully automated expense validation and reconciliation of trade execution fees
  • Optimize pricing agreements across the enterprise through cross-vendor comparison
  • Reduce the cost, risk and time associated with manually intensive invoice validation
  • Improve cash flow and management visibility through timely execution of expense reconciliation and payment
  • Accurately allocate expenses across the firm and trading desks using actual trade data

John Bosley, COO of Bonaire, says, "By working in close partnership with our clients, we recognized a clear gap in the market for a solution to manage the increasingly complex and costly trade execution expense management process. We were able to tap into the power of our existing fee calculation engine and adapt it for trading firms' unique needs. We believe that this solution will transform the trading desk as firms will now have highly valuable intelligence on what they are paying and to whom - a discovery that may save these firms thousands if not millions of dollars a year. The launch of this solution is a reflection of our ongoing commitment to innovation and automation and we are very excited to introduce it to the marketplace."

To learn more about Bonaire's capital markets solution, please visit:

About Bonaire Software Solutions, LLC

Bonaire Software Solutions, LLC, based in Boston, MA, and London, UK, is a privately held company founded in 1999. Bonaire is focused on providing Revenue and Expense Management software and services solutions to the asset management industry.

Clients include industry leading investment managers, mutual funds, wealth managers, banks/trusts and capital markets firms.

Bonaire's REVPORT is a Revenue and Expense Management platform that performs fee billing and expense calculations with validation & reconciliation, fund rebates, revenue sharing & commissions, accounts receivable, forecasting and business intelligence reporting.

Revenue and Expense Management Software Products include:

    • Fee billing and invoicing
    • Multi-currency & multi-lingual
    • Fund rebates, commissions, retrocessions and trailers
    • Revenue modeling and forecasting analytics
    • Revenue and expense validation, reconciliation and allocations
  • PAYPORT - Receivables Management and Collections with payment matching
  • EMPOWER BI - Business Intelligence & Management Information platform

Based in Boston, MA, and London, UK, Bonaire is a privately held company founded in 1999. For more information about Bonaire Software Solutions Revenue and Expense Management platform, please visit

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