Bravura Solutions has partnered with an Australian fund administrator to implement its Australian tax solution.
In announcement Bravura, which did not name the administrator, said it would leverage the tax platform to generate new operational efficiencies and enhance customer service delivery, as part of a wider business growth strategy.
It said the platform would deliver optimised tax reporting with the ability to apply both propagation and summation approaches to calculations. It would also provide flexibility, scalability and performance needed to position the business for future growth.
Bravura’s product and propositions APAC director, Jason Tong, said: “As the most comprehensive tax solution in the Australian market, Bravura’s extensive tax functionality enables us to assist businesses in realising growth opportunities.
“Our modern and open tax platform, with its proven and mature functionality, means we are well-placed to support their ambitions to drive change and shape the funds landscape in Australia.”
Bravura said the administrator provided outsourced meddle and back office administration, fund accounting, custodial, and unit registry services to fund managers, trustees, and listed investment companies.