Bravura Solutions Limited (ASX:BVS) (Bravura) has extended its long-standing partnership with leading New Zealand outsourcer, Trustees Executors, which includes an upgrade to the latest version of Bravura’s Sonata platform.
Trustees Executors is the largest provider of outsourced back office investment administration in New Zealand, with more than NZ$30 billion in funds under management. Having extended its long-standing relationship with global software provider Bravura, Trustees Executors will leverage Sonata to underpin its digital and growth strategy.
The strategic partnership sees Trustees Executors continue its digital transformation journey. Sonata will provide the foundation to support Trustees Executors in transforming into a fully data-driven organisation that revolutionises the way it services its clients.
The upgrade to Sonata version 9.9 will deliver major benefits for Trustees Executors, including enhanced service delivery, operational efficiencies, and new and innovative real-time digital offerings to customers. It incorporates major functional and technical enhancements across member and investor functionality, products and legislation. The upgrade will deliver key functionality, including an improved self-servicing and straight-through-processing experience, and access to an extensive library of API web services. Platform security will also be greatly enhanced, with Sonata being hosted and managed by Bravura via the AWS cloud
Bravura has strong local market expertise in New Zealand, with a local team of more than 140 people. Bravura’s Auckland office is one of the organisation’s four global development centres, with key components of Sonata developed in New Zealand.
By becoming the trusted partner in the provision of data services, Trustees Executors’ ambition is to become the administrator of choice for New Zealand’s growing financial services sector.
Ryan Bessemer, Chief Executive Officer at Trustees Executors said: “We are excited to continue this strategic, long-standing partnership with Bravura. As a data-driven organisation, Trustees Executors has an ambitious transformation and growth agenda that is underpinned by the latest technology. We aim to be a leader in our chosen markets, retain and attract new clients, and leverage new digital technologies. Bravura is well-positioned to support Trustees Executors to realise future growth opportunities.”
Kylie Bryant, Country Manager NZ at Bravura Solutions said: “Powerful partnerships are a driver of innovation. Bravura is delighted to be extending our 21-year partnership with Trustees Executors to enhance the digital service offering for their clients. Sonata’s proven and mature functionality means Bravura is well placed to support Trustees Executors in delivering new, real-time digital experiences for enhanced investor outcomes and business growth.”
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