Absa Investment Management Services, part of Amalgamated Banks of South Africa, has gone live with phase one of its implementation of Bravura’s platform in a move aimed at simplifying its administrative processes and generating time and cost savings.

As part of AIMS’ five-year deal with Bravura – signed in 2007 – the firm’s existing multiple administration systems have been replaced with TalisTrust, Bravura’s unit registry system. The Australian wealth management software firm’s Talisman Business Services suite has also been deployed by AIMS as it incorporates its user front end and business logic modules.

TalisTrust, which is part of Bravura’s Sonata Suite, is designed for administering wrap platforms, master trusts and retail / wholesale unit trusts and is said by the firm to support the full administration life cycle - from applications and transacting, through to customer servicing and reporting.

“This has been a significant project in terms of the complexity and challenges associated with consolidating onto a single platform. With the platform now in place, the growth of our business will be supported, in addition to the expansion and increased diversification of our product and service range,” said Mark Kitching, executive director at AIMS.