Bravura Solutions (ASX:BVS) announced its plan to achieve a positive cash EBITDA run rate by the end of financial year 2024, with an estimated cash burn of $A30-35 million in FY24.

The company also indicated that its organizational change program is set to be completed ahead of schedule, by June 2024.

Following these changes, Bravura Solutions expects to see a full year impact on FY25 from the change program.

Furthermore, the company anticipates total annualized savings of $40 million from the implementation of the organizational change program.

A three-year strategic plan, outlining further strategic pathways, will be presented in late October 2023.

Bravura Solutions is also projecting a full year impact in FY25 arising from its organizational change program.

Bravura Solutions is a leading global provider of software solutions for the financial services industry.