Bravura Solutions has launched a version 3 of its Sonata wealth management and life insurance software, which offers a range of enhanced features and functionality.
Sonata version 3 delivers a range of enhancements, such as end-to-end direct share administration, including a corporate actions engine which supports the full life cycle and event notification.
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Additionally, the new software also offers corporate actions diary, online election capture, cost base calculations, automated processing using Sonata’s workflow module and confirmation advice.
With this new software, administrators will be able to retire time consuming and error-prone, paper based manual processing.
The other features offered by the software include support for ETFs, SMAs, IMAs, enhanced trading and settlement and life stages functionality.
The system will support multiple channels including advisor, direct to investor and employer, and multiple devices such as desktop, tablet and mobile.
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By GlobalDataJason Tong, Bravura chief operating officer APAC, said: "The traditional superannuation and retail investment industries are increasingly converging; Sonata version 3 focuses on supporting this. It provides customers with the flexibility to access retail functionality developed in partnership with our wrap clients globally."
"Sonata is well positioned to replace the complex and costly legacy systems of the past, enabling our clients to consolidate systems and nimbly respond to changing legislative and market needs", Tong added.
