Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Banking Business Review
Return to: BBR Home | Suppliers

PAYPORT™: Receivables and Collections Software

By Bonaire Software Solutions

PAYPORT™ is the asset management industry's premier receivables management and payment matching solution, and has been recognised as "best in class" by 11 of the world's top-20 asset managers. Our clients consider receivables management as a key component of their customer-facing operation and use Bonaire's expertise to improve the speed and quality of their delivered services.

In the financial services world, collections is critical to both financial risk management and customer relations. Bonaire's PAYPORT was designed specifically for the asset management industry and provides a flexible, enterprise-wide solution for receivables and collections. PAYPORT enables clients to streamline their customer fee payment process, resulting in significant cost savings and a measurable return on investment.

Key benefits

  • Significantly lower acquisition cost than other large vendor products
  • Increases automation and reduces operational cost
  • Improves cash application and cash receipt projections
  • Minimise "debtor days" through timely reconciliation of cash and open items
  • Automatic generation of FX gains / losses
  • Reduces write-offs

Key features

  • Rules-based payment matching
  • Multi-currency / Multi-country
  • Easy to view payment and invoice history
  • Variance reports
  • Aging reports
  • Dunning notices
  • Proven and in use by some of the world's top asset managers

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

Measurable ROI

Traditional payment entries and matching can often be labour intensive, time consuming and error prone. Even if every customer remits their payments correctly, referencing the exact invoice number and amount, the processing of one hundred payments can take well over an hour. With PAYPORT, we streamline your operations by reducing this to minutes.