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LAKE SUCCESS, N.Y. – March 6, 2014 – Bonaire, a Broadridge Financial Solutions, Inc. (NYSE:BR) company and leading provider of software solutions for asset managers, mutual funds and capital markets firms, today announced that The TCW Group has selected its revenue and expense management solution to streamline and automate its institutional fee billing.
Bonaire’s revenue management solution leads the industry in helping to reduce operational costs, improve cash flow and decrease billing cycles, as well as providing tailored fee calculations. It also helps to improve efficiency through the automation and replacement of manually intensive billing processes; centralizes fee-based revenue and accounting data within a single, robust repository; and addresses reporting requirements through automated tools, thus 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,” said Jim Krause, Senior Vice President/Controller at The TCW Group. “Bonaire’s platform offers a powerful solution that simplifies our revenue management and fee billing processes.”
“Our proven platform helps clients drive efficiencies and lower their operating costs, while helping to meet today’s increasing regulatory requirements,” said Christopher John, President, Bonaire. “TCW is a leader in the industry and we welcome them to our client base and look forward to supporting their future success.”
Bonaire offers broad, enterprise grade solutions for its clients that focus on the processes around revenue and expense management. Capabilities include, but are not limited to; fee billing calculations, accounts receivable and collections solutions, and business intelligence reporting. Bonaire offers its customers three distribution models: In-house installation, SaaS and Business Process Outsourcing.
Bonaire, a Broadridge company, delivers leading expertise in solving revenue and expense management challenges, providing unprecedented control and transparency to the finance department. Its core capabilities enable investment managers, wealth managers, mutual funds and capital markets firms to effectively perform complex calculations including but not limited to: revenue accruals and invoicing, distributor and advisor payouts, commissions and expense allocations. Bonaire became a Broadridge company in 2013. For more information please visit www.bonairesoft.com.
About The TCW Group
Founded in 1971, The TCW Group, Inc. develops and manages a broad range of innovative, value-added investment products that strive to enhance and protect clients’ wealth, with over $130 billion in assets under management. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. For more information, please refer to www.tcw.com.
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