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By Bonaire Software Solutions

Commissions is the premier solution in the asset management industry and has been recognised as "best in class" by 11 of the world's top-20 asset managers. Bonaire's expertise and products improve the quality of your commission processes and allow the delivery of highest levels of service to your distribution partners.

Bonaire's Commissions module is a comprehensive calculation engine for the asset management, wealth management and brokerage industries. This application was designed to calculate distribution fees / commissions for both direct and indirect channels, including sub-advisors, FA's, sales individuals and teams. The module accommodates a wide array of commission structures, including the calculation of performance-based incentives.

Key benefits

  • Increases timeliness and accuracy of distribution fee / commission calculations
  • Increases automation and reduces operational costs
  • Full audit trail to aid regulatory compliance e.g. Sarbanes Oxley, MifID, RDR
  • Increase quality of service to external distribution partners
  • Provides ability to create "what if" and forecast models for distribution fees / commissions

Key features

  • Commission can be calculated on transactions, market values, fund flows or one-off fees
  • Calculates pay-outs based on a revenue sharing structure with spreads and tiers
  • Accommodates calculations on performance-based incentives
  • Automatically generates accruals and reversals
  • All calculations are flexible and user-definable
  • Integrated workflow, exception processing and tolerance-based validation
  • Straight through processing (STP) for commissions, accrual calculations, G/L postings and reversals

Technology leadership

  • Browser–based
  • Open standards-based infrastructure
  • Integrated Business Intelligence and reporting
  • Scalable solution that will grow with your organisation's account volumes
  • Enterprise ready for multi-site deployment
  • Seamlessly interfaces with record-keeping, custodial, accounting and general ledger systems