The $25.4 billion industry fund UniSuper has extended its current licensing contract with Bravura Solutions to allow more of its employers to use the ePASS solution.
The fund's participating employers contributing on behalf of current university employees will now be able to access Bravura's ePASS solution for a five-year term.
"ePASS gives UniSuper the ability to streamline the contribution process for employers that contribute on behalf of current university employees," UniSuper chief executive Terry McCredden said.
In 2008, the fund for the higher education and research sector bought a five-year licence for Bravura's ePASS solution for use by its non-participating employers who contribute of behalf of former university employees.
"Extending the ePASS solution at UniSuper will contribute significant reductions in administrative overheads. It will also improve the fund's accuracy and efficiency when processing member contributions," Bravura Solutions chief executive Simon Woodfull said.
ePASS allows superannuation providers to deliver online services to employers, members and advisers, and reduces administrative costs for processing contributions.
"Through its intuitive online interface, contributions received through ePASS can be promptly credited to UniSuper's member accounts, minimising the complexity involved with processing and receipting contributions," Woodfull said.
