Bravura Solutions develops BGL Simple Fund integration capability
Sydney, 9 August 2012 – Bravura Solutions Limited (Bravura) is pleased to announce the launch of a new portfolio transaction interface. The interface will provide Garradin investment management software users with streamlined integration to BGL Simple Fund, one of Australia’s leading superannuation compliance solutions for Self Managed Superannuation Funds (SMSFs).
The new interface is aimed at significantly reducing the amount of manual data entry required by SMSF administrators, increasing efficiency, profitability and enabling better service for end user clients. The available investor data includes information such as a portfolio’s cash transactions, share and managed fund trades, as well as income payments and expenses.
Darren Speirs, Bravura’s Head of Portfolio Solutions (Garradin) said: “A significant proportion of the portfolios managed using Garradin are SMSFs and the continued growth in this sector has driven consumer demand for greater integration between Garradin and the various SMSF administration systems used by accountants and advisers.
“Simple Fund currently has the largest market share in the SMSF administration software market, so the benefits of the integration will be available to a large group of administrators. Garradin is designed as a single platform that allows multiple processes to be integrated – so seamlessly integrating with SMSF accounting software is a logical strategic move for us.”
Garradin is Bravura’s comprehensive, multi-currency investment management system, which is currently deployed across multiple sectors including retail wealth management platforms (such as wraps, master trusts and managed accounts), wholesale investment management, registry and mutual funds, and custody.
BGL is one of the largest suppliers in the world of compliance software for corporate secretarial and superannuation fund management. BGL’s Simple Fund is one of Australia’s leading SMSF compliance solutions, maintaining over 75 per cent of the nation’s SMSFs. Over 5,000 of Australia’s accounting firms, fund managers and individuals rely on Simple Fund to administer over 300,000 funds with assets in excess of $90 billion.
Bravura’s Head of Portfolio Solutions, Darren Speirs was quoted in this press release. To ask Darren a question regarding the release or to discuss it in more detail, email PR@bravurasolutions.com