Margetts goes live on Bravura Solutions’ SaaS package for transfer agency
Boutique fund manager benefiting from low operating costs and short implementation timeframes
London, 3 June 2016 – Bravura Solutions Pty Limited (Bravura) today announced that boutique fund manager, Margetts Fund Management Limited (Margetts), has selected its SaaS transfer agency package. As the first customer to take advantage of the off-the-shelf functionality, Margetts benefited from the short implementation timeframe and low operating costs associated with the offering. The solution supports the distribution, servicing and administration of Margetts’ full range of products and share classes.
Toby Ricketts, CEO at Margetts, said: “Having reviewed a range of options, we were very keen to partner with Bravura for our TA requirements. The product is cost effective and its functionality matches our needs exactly, enabling us to offer our investors the strength of both Rufus – Bravura’s enterprise transfer agency (TA) platform – and Babel – Bravura’s financial messaging solutions – as we made the move into self-administration from our offices in Birmingham. In particular, we’ve been impressed with the comprehensive training and support Bravura delivered not only during the implementation of the solution but also post our ‘go live’.”
Ideally suited for boutique and mid-sized fund managers, the package sees Margetts moving into self-administration with the new SaaS proposition from Bravura. This proposition encompasses the powerful capabilities of the Rufus TA solution – streamlined for STP – along with both EMX and Calastone 20022 messaging, provided via Babel.
“Injecting efficiencies into TA is a must. Our SaaS delivery model provides the benefits of an enterprise solution, while offering boutique to mid-sized users a quick route to market, at a flexible price, with a lower IT footprint,” said Andy Chesterton, COO, Global Transfer Agency at Bravura. “Margetts is the first Bravura customer to utilise our SaaS solution on the TA side – demonstrating our ability to anticipate the needs of the market and our clients, and react rapidly. We’re continuing to see significant interest in this new approach from other fund managers.”
Bravura’s SaaS package delivers a cost effective and highly scalable self-administration tool, providing core TA functionality across a standard set of modules. It can be implemented quickly, without the need for customisation. The Rufus and Babel software at its heart is proven in its field and has long heritage in the marketplace. The fully hosted solution provides IT outsourcing, including management of hardware, performance and day-to-day running of the service in a secure and dedicated environment.
To ask a question regarding the release or to discuss it in more detail, email PR@bravurasolutions.com.