Focused Business and Reduced IT Costs with Bonaire SaaS Offering

By CIOReview | Friday, March 21, 2014

LAKE SUCCESS, NY: Bonaire, a Broadridge Financial Solutions Company has announced the migration of their SaaS (Software as a Service) solution to the Broadridge hosting network which in turn enhances the operational efficiency of their network of capital market firms, mutual funds and asset managers.

Reportedly, Bonaire's SaaS offering will leverage Broadridge's internal private cloud infrastructure allowing automated rapid deployment of resources that can effectively meet client’s demands. To add up, this service lowers a firm's IT costs and allows customers to focus on their businesses rather than hardware support.

Gerard Scavelli, President, Mutual Funds and Retirement Solutions Group, Broadridge, says, "We are pleased to bring our Bonaire revenue and expense management capabilities to the middle market on a managed basis. The deployment of this offering is the direct result of our ability to leverage Broadridge's extensive IT expertise and proven hosting environment."

According to a recent Bonaire client survey, 92 percent of respondents cited improvements in processes and efficiency related to revenue and expense management as a result of choosing the company’s new SaaS service.

"As part of Broadridge Financial Solutions, we are able to utilize Broadridge's well-established hosting center to offer customers a premier hosting environment. Our enhanced SaaS offering provides a secure, reliable and flexible solution that helps meet our clients' revenue, compliance and expense reporting needs with a highly efficient delivery model,” says Christopher John, President, Bonaire.