Australian Ethical Investment implements unit pricing and asset management functionality with Garradin
Sydney, 3 August 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 that leading fund manager Australian Ethical Investment, has implemented the unit pricing and asset management functionality of Bravura’s Garradin software.
Garradin is a comprehensive, multi-currency investment management system with integrated asset management, registry and tax management functions for back office processing.
Gary Leckie, CFO/COO, Australian Ethical Investment said, “Consolidating our asset management, unit pricing and general ledger functions into Bravura’s Garradin system has eliminated the administrative burden of reconciling numerous systems. We are already seeing simplified daily unit pricing processes, and have experienced decreasing levels of risk in our investment management system.
“Implementing Garradin has allowed us to focus on delivering strong investment performance and excellent client service,” continued Leckie.
The overall strategy for the implementation of Garradin has been performed in a staged approach, with specialised investment management consultancy firm, First Treasury, managing its selection and implementation.
Darren Stevens, Bravura’s Head of Product for Wealth Management said, “Garradin provides an enhanced user experience, improves data quality and streamlines processes, thereby enabling a greater capacity to move into new business areas.”
Garradin enables users to manage securities trading and settlement, value and track performance, check compliance against preset rules and mandates and generate accounting entries. The system can also produce a variety of operational and management reports, and has the ability to manage unit registry and unit pricing processes.