In 2008, UniSuper purchased a five-year license for Bravuraâs ePASS solution for use by its non-participating employers. These employers make superannuation contributions on behalf of former university employees.
ePASS will now be progressively rolled out to participating employers that contribute on behalf of current university employees.
Terry McCredden, UniSuperâs CEO, said âePASS gives UniSuper the ability to both streamline the contribution process for employers and to reduce our administrative overheads.â
ePASS is a single online service that can be used across a range of different savings and retirement products. It allows superannuation providers to deliver online services to employers, members and advisers, reducing administrative costs for processing contributions.
âExtending the ePASS solution at UniSuper will contribute significant reductions in administrative overheads. It will also improve the fundâs accuracy and efficiency when processing member contributions,â said Simon Woodfull, Group CEO at Bravura Solutions.
âThrough its intuitive online interface, contributions received through ePASS can be promptly credited to UniSuperâs member accounts, minimising the complexity involved with in processing and receipting contributions,â he said.