SEI, the Pennsylvania-headquartered financial services and technology firm, has selected the Revport platform from Bonaire Software Solutions, the revenue management, accounting and business intelligence firm.

Through its use of the platform, SEI will be able to realise a number of benefits, Bonaire said in a statement. Among these are: decreased operating costs and improved efficiency through the replacement of manually intensive billing and receivables and collections processes; centralized fee-based revenue and accounting data within a single repository; and the automation of existing manually-based data consolidation.

“Revport represents a significant upgrade to our current revenue management and fee-billing processes, plus it seamlessly integrates to our existing back office systems, and provides a comprehensive data repository to meet our needs,” said Kevin Crowe, head of solutions, SEI Advisor Network.

According to Bonaire, the consolidation of fee calculation and invoicing with Revport’s management information capability, proved to be the decisive factor in SEI’s selection of the platform.