Bravura Solutions Limited (ASX:BVS) (Bravura) is pleased to announce that it has released a range of new enhancements and legislative updates on Sonata, its leading wealth management and life insurance administration platform, for their Australian and New Zealand clients.
The current Sonata release includes new support for defined benefit superannuation, group life insurance, and also introduces multi-currency. The release makes available important legislative updates for Australian superannuation administration such as Superstream Member Account Attribute Service (MAAS) and improvements to the straight-through processing for member and employer matching in response to the industry evolution in Superstream. It also includes support for the government housing affordability measures.
Bravura’s Chief Operating Officer APAC, Jon Alder said: “The fact that our customers have been able to upgrade successfully into production in a short timeframe proves the maturity of the Sonata delivery model, which includes extensive functionality for the global wealth market unified into one single platform.”
Alder concluded: “With a flexible and highly configurable solution like Sonata, we are able to respond to the dynamic legislative environment. Sonata enables the efficient rollout of new functionality in a consistent and predictable manner that ensures our customers stay ahead of changes in the industry.”
Bravura provides software solutions and services for the administration of superannuation, pensions, investments and life insurance, and services a long international client list of reputable blue-chip companies.
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