Bravura Solutions Limited (Bravura) today announced that it has signed a long-term contract with Commonwealth Superannuation Corporation (CSC) for the implementation of the Sonata platform as a managed cloud service.
CSC provides superannuation and pension services to more than 700,000 current and former Australian government employees and members of the Australian Defence Force (ADF) across 11 superannuation schemes. CSC intends to use Sonata to more efficiently administer claims for death and disability benefits within its defined benefit schemes and to better service Australian Defence Force (ADF) personnel entitled to benefits under ADF Cover legislation.
Sonata is a next-generation wealth management solution, capable of supporting investment, wrap, pensions and life insurance products across multiple distribution channels. It provides clients with a customer-centric digital platform that can streamline administration and increase cost efficiencies through powerful inbuilt workflow process automation.
Work on the project has commenced.
For investor enquiries, please contact:
Rahul Badethalav
Head of Strategy and Investor Relations
T: +61 2 9018 7879
E: [email protected]