TalisPension go-live for Statewide

Sydney, 17 August 2009 (ASX: BVA/OTCQX: BRVSY) – Bravura Solutions Limited (Bravura), a leading global supplier of wealth management applications and professional services, and Statewide, South Australia’s largest private sector superannuation fund, today announced that they have gone live with the phase one implementation of the Sonata Suite applications.

In September 2008, Statewide partnered with Bravura to upgrade its existing heritage systems to the Sonata Suite of applications including TalisPension, TalisTrust, Sonata SuperB, Sonata Business Services and Sonata Mart, in addition to extending its license for Bravura’s online ePASS solution.

Statewide’s aim was to benefit from the advanced functional and technological enhancements of the suite of applications, and to hold all member accounts in a single database, allowing single client records.

Bill Watson, Acting Chief Executive Officer of Statewide, said: “We are delighted with the success of this first phase TalisPension implementation. TalisPension will allow Statewide to provide its members and employers with an enhanced level of service and efficiency. This is one of a number of key milestones achieved and we look forward to progressing with the implementation of Sonata SuperB.”

TalisPension is a retail retirement savings application allowing Statewide to administer its superannuation pensions, while also satisfying its administrative and reporting requirements. This will be largely achieved through the intuitive and informative client service screen which allows Statewide client service representatives to simply access client information and correspondence and therefore, answer calls effectively and efficiently.

Simon Woodfull, Bravura Group CEO and Director – Operations, said: “Our relationship with Statewide has been one of true partnership. Our ongoing commitment to serving the superannuation industry with quality software and service solutions remains an unabated key focus for us. The administrative benefits of Sonata Suite will be fully realised by Statewide as a result of this successful implementation. We are confident in an equally successful second phase implementation and the benefits that Statewide will obtain.”

The next project phase will be the migration from the existing SuperB system and the implementation of the new Sonata SuperB system that will be used across Statewide’s group superannuation business

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