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