Applied Systems Europe® has announced an expanded partnership with Bravo Networks to enhance client money management for brokers using Applied Epic. Through architecture enhancements and new reporting functions, this collaboration aims to streamline compliance processes, provide cost savings, and ensure scalability for brokers operating under FCA regulations.

1. Enhanced Reporting and Compliance: The partnership between Applied Systems Europe and Bravo Networks has facilitated architecture enhancements, enabling Applied Epic brokers to access new reporting functions and compliance assurances. These improvements empower brokers to navigate regulatory requirements more efficiently, reducing the administrative burden associated with client money management.

2. Support for Broker Proposition: Bravo Networks, known for evolving the broker proposition, extends its support to brokers using Applied Epic. By adding Applied Epic to the list of systems supported for client money functions, Bravo Networks aims to assist brokers in adhering to FCA compliance responsibilities. This collaboration enables brokers to focus on providing superior advisory services to clients while leveraging Bravo Networks' expertise in regulatory compliance.

3. Benefits for Applied Epic Brokers: Applied Epic brokers can leverage Bravo Networks' services for various client money functions, including client money bank reconciliation and insurer payments. By partnering with Bravo Networks, brokers can benefit from management of external audits and relief from bank charges on business client money accounts, among other advantages. This partnership allows brokers to optimize their operational efficiency and allocate resources effectively.

4. Streamlined Operations: The collaboration between Applied Systems Europe and Bravo Networks enables brokers to streamline their operations by outsourcing client money management tasks. By reducing the time and expense associated with handling client money, brokers can allocate resources more strategically, focusing on core business activities and enhancing client service delivery.

The expanded partnership between Applied Systems Europe and Bravo Networks signifies a commitment to enhancing client money management for Applied Epic brokers. By leveraging Bravo Networks' expertise in regulatory compliance and risk management, brokers can navigate the complex regulatory landscape more effectively, ensuring compliance with FCA regulations while optimizing operational efficiency. This collaboration underscores Applied Systems Europe's dedication to providing innovative solutions that empower brokers to deliver superior advisory services to their clients.