Bonaire Announces Release of PAYMENT MATCHING Module

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[July 12, 2010]

Bonaire Announces Release of PAYMENT MATCHING Module

(Market Wire Via Acquire Media NewsEdge) BOSTON, MA -- (MARKET WIRE) -- 07/12/10 -- Bonaire Software Solutions, LLC today announced the release of its new PAYPORTPAYMENT MATCHING software module. PAYMENT MATCHING is an optional, add-on module that is fully integrated with PAYPORT?. It uses Bonaire's proprietary rules engine to automate lockbox feeds or Treasury uploads of client payments to be matched to accounts with open invoices.

"Bonaire's PAYPORT, designed specifically for the Asset Management industry, provides a robust and flexible enterprise solution for managing customer receivables and payments. PAYPORT enables our clients, including 11 of the top 20 Asset Managers, to streamline their customer fee payment processes resulting in significant cost savings and return on investment," said John Bosley, C.O.O. of Bonaire Software Solutions, LLC.

"The new PAYMENT MATCHING functionality is integrated into Bonaire's PAYPORT allowing for scalability, flexibility, and growth. Our functionality is unlike any other offering in the asset management space today because it includes a rules-based auto payment matching by bank source capability. The user interface and application configuration is greatly simplified for the specific needs of the financial markets we target. The application is very intuitive, is web browser based, and is offered at a fraction of the cost of other mainstream Payments and Collections applications," said Bosley.

BENEFITS Significantly lower cost than other large vendor products Proven and in use by some of the top asset managers in the U.S. and Europe Reduces manual payment matching Improves cash application and cash receipt projections Improves asset turns About Bonaire Software Solutions, LLC Bonaire is focused on providing software and services solutions to the financial services industry. Clients include industry leading investment managers, mutual funds, broker dealers, registered investment advisor, custody and clearing, wealth management, separately managed accounts (SMA) sponsors and outsourcers and retirement services providers.

Bonaire's Revenue Management Software Products include: REVPORT? Fee Billing and invoicing Multi-currency & multi-lingual Custom Rule Generator Commissions Revenue Management Modeling and Forecasting Analytics PAYPORT-- Receivables Management and Collections (30-60-90 aging reports, Dunning notices)PAYMENT MATCHING EMPOWERBI -- Business Intelligence & Management Information platform (ad hoc report writer and dashboards) Based in Boston, MA, and London, UK, Bonaire is a privately held company founded in 1999. Bonaire's software products are available for installation at the client site as well as a SaaS, fully managed hosted option. For more information about Bonaire Software Solutions, please visit www.bonairesoft.com Media Contacts: UK Bonaire Software Solutions Gary Liley +44 (0) 207 763 6102 Email Contact US Bonaire Software Solutions Scott Fitzpatrick 001 617 338 0107 x116 Email Contact

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