Applied Systems and Bravo Networks Expand Partnership to Support Client Money Management in Applied Epic
May 07 2024 - 4:00AM
Applied Systems and Bravo Networks Expand Partnership to Support
Client Money Management in Applied Epic
Applied Systems Europe® today announced an expanded partnership
with Bravo Networks to support client money management for Applied
Epic brokers. The partnership has enabled the network and broker
management system provider to complete architecture enhancements
that deliver new reporting functions and compliance assurances,
allowing Bravo Networks to support brokers with, their FCA
compliance responsibilities thereby enabling additional cost
savings and scalability.
“At Bravo Networks, it’s all about evolving the broker
proposition and acting as an extension of each brokerage’s in-house
team,” said Scott Bennett, Managing Director, Bravo Networks. “As
we have a growing number of Epic brokers in our network, we are
pleased to add Applied Epic to the list of systems we can support
for client money functions so our team to help them navigate the
regulatory landscape in an easy and cost-effective manner.”
Client Money refers to the risk management services for this
highly regulated and specialised area, including completion of
client money bank reconciliation and insurer payments. Applied Epic
brokers can work directly with Bravo Networks to set up their
client money function and receive benefits including management of
external audit and relief of bank charges on the business client
money account, among others.
“Brokers are focused on providing the best advisory services to
their clients, so leveraging the Bravo Networks allows them to
extend their teams’ capabilities and reduce the time and expense of
handling client money,” said Tom Needs, chief executive officer,
Applied Systems Europe. “We are thrilled to partner with Bravo
Networks, enabling Epic brokers within the network to spend their
time and energy where it matters most each day.”
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About Applied SystemsApplied Systems is the leading
global provider of cloud-based software that powers the business of
insurance. Recognized as a pioneer in insurance automation and the
innovation leader, Applied is the world’s largest provider of
agency and brokerage management systems, serving customers
throughout the United States, Canada, the Republic of Ireland, and
the United Kingdom. By automating the insurance lifecycle,
Applied’s people and products enable millions of people around the
world to safeguard and protect what matters most.