Bravura Solutions Limited (Bravura)(ASX: BVA), a leading global supplier of wealth management and transfer agency software applications and professional services, is pleased to announce a joint initiative with Class Financial Systems (Class), developer and supplier of Class Super. Class is a leading supplier of centrally-hosted, specialist Self Managed Super Fund (SMSF) accounting software.
Bravura has integrated its Garradin investment management software directly with the Class Super software to enable comprehensive automated daily data feeds between the two platforms. This integration has significantly reduced manual data entry and allowed SMSF administrators to provide more timely information to their clients. The investor data feed includes information such as a portfolio’s cash transactions, share and managed fund trades, as well as income payments and expenses.
Kevin Bungard, Chief Operating Officer of Class said: “Administrators for SMSFs with investments held on a platform powered by Bravura’s Garradin will now be able to deliver their clients up-to-date information. This allows trustees and their advisers to make better informed decisions, while also speeding up the delivery of end-of-year tax lodgement and auditing”.
Darren Stevens, Global Head of Product – Wealth Management said: “We are delighted to be able to work with Class to offer Garradin users and their clients a more efficient and streamlined solution for SMSF management and administration. 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.
Class Super utilises web integration to provide users with up-to-date access to investor data, improving efficiency and compliance for advisers, SMSF trustees and accountants alike.