Bravura Solutions Pty Limited (Bravura), a trusted supplier of wealth management, life insurance and transfer agency software applications, is pleased to announce the launch of a new deployment model for its Rufus transfer agency (TA) proposition. Ideally suited for boutique and mid-sized fund managers, the solution delivers a cost effective and highly scalable self-administration tool.
“In the current market climate injecting efficiencies into TA is paramount. A SaaS deployment delivers the benefits of an enterprise solution but offers boutique and mid-sized users a quick route to market at a more flexible price,” said Andy Chesterton, Chief Operating Officer, Global Transfer Agency at Bravura. “This move demonstrates our ability to anticipate and react to technological and market change. The Rufus system at the heart of this offering is proven in its field and we’re already seeing significant interest in this new approach.”
Available now, the off-the-shelf model offers core TA functionality across a standard set of modules. It can be implemented quickly, without the need for customisation. The SaaS package also includes STP capabilities. Clients will be able to take advantage of Bravura’s hosted service offering, including management of hardware, performance and day to day running of the service in a secure, dedicated environment.
Andy added, “Our TA SaaS proposition offers all the technical advantages of outsourcing with the flexibilities smaller organisations are demanding – a short implementation timeframe and low outlay being key. Boutique transfer agencies looking to self-administer will benefit from Rufus’ well established market capabilities as well as Bravura’s deep domain expertise.”
Bravura also offers a SaaS TA deployment model suited to both existing players and new entrants in the UK third party administrator (TPA) marketplace. It is designed for those firms servicing boutique and mid-sized fund management companies that do not have the appetite for the self-administration option and provides the same cost model and speed to market efficiencies.
Bravura continues to provide bespoke, global, enterprise TA software and services through its core applications: Rufus, GFAS and GTAS; and surround technology solutions: taWeb, Babel and ODS. The company has a long track record in delivering mission critical record-keeping software to blue-chip clients, as well as support via its fully managed service.