Sydney 6 October 2011 (ASX: BVA) – Bravura Solutions Limited (Bravura) – a leading global supplier of transfer agency and wealth management software applications and professional services – is pleased to announce the release of version 12.0 of its Garradin private wealth and portfolio administration software.
Garradin 12.0 features a range of enhancements including refinements to the solutions tax engine that further extend Garradin’s tax optimisation functionality, as well as the ability to accommodate new Taxation of Financial Arrangements (TOFA) regulatory requirements. TOFA regulations have been progressively rolled out over recent years, affecting the tax treatment of gains and losses on financial arrangements.
Darren Stevens, Bravura’s Global Head of Product – Wealth Management said: “We are continually developing Garradin to ensure that it is the most up-to-date and comprehensive software solution in the market.
“Garradin 12.0 not only fulfils regulatory requirements, but also provides a number of significant operational advantages through its enriched tax optimisation capabilities and tax structures. Our Garradin clients have reported improved operational efficiency, faster turnaround times, smooth interoperation between systems and general process improvements,” said Stevens.
“By continuously refining and enhancing Garradin’s functionality, we guarantee its position as a market leading offering and, as a result, have generated significant industry interest.”
Garradin is a fully integrated private wealth and portfolio administration solution offering extensive asset coverage and a market leading tax engine. It is a comprehensive, multi-currency investment management system with integrated asset management, registry and tax management functions.