Russell, who is an existing Bravura client, was appointed by Prime in 2011 to deliver administration services to 135,000 of its members and 40,000 employers and currently Bravura’s online ePASS platform for superannuation is considered as the key deliverables in this new partnership.
Siva Sivakumaran, director of administration and consulting services at Russell, said, "The implementation of ePASS has enabled us to offer our clients efficient, flexible and leading technology allowing Prime Super’s 40,000 employers to lodge contributions which can be processed straight through to our underlying administration system leading to significant back office efficiency gains."
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Bravura said its ePASS is a configurable eBusiness solution that provides straight through processing for employer contributions and member transaction capabilities for a range of savings and retirement products.
Moreover, the solution can be utilized in a single product or single administration system setting, or can be used in more complex set-ups with multiple products and systems, Bravura added.
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