The buy-side provider says its Revport solution will now calculate distribution fees and fully audit fund rebates.
The add-on is directed at fund managers and administrators using multiple intermediaries, and will ensure faster and more accurate payouts as they manage distributor relationships.
"Fund companies and administrators have been searching for a solution to help them validate distribution expenses and account for the terms and conditions of the contracts governing these relationships," says Chris John, Bonaire's CEO.
Waters Wavelength Podcast Episode 97: C-Level Execs Talk Bitcoin, Fintechs, Cognitive Computing & Open-Source Tech
In separate interviews, executives from AQR, JPMorgan, Cboe and IBM discuss topics permeating the capital markets.Subscribe to Weekly Wrap emails
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