provides benefit plan administration software for
independent fund office computer systems and administrative
Changes in benefit rate levels, rules,
etc. are easily made by the system operator.
Current custom-built systems are usually
obsolete or stagnant and it is difficult
to make changes to the initial programs
without out-sourced assistance and additional
Saves time since all
information is only entered once by data-entry
eliminating steps in the traditional process
of recording checks, processing checks,
and entering participant's data.
After initial entry, all
information and calculations are 100% error
free since operations are performed automatically.
eligibility, pension amounts, annuity payments
are accurately and automatically verified
to assure accurate results.
reports are "real-time" and not
"static" or batched since the
system is built in a relational database.
Unlike other systems, your operator may
query the database at any time for any "ad
hoc" report desired or needed...even
within the month.
do not have to possess detailed knowledge
of transactions. Reduces the operator level
to a clerical position, since the only function
needed is one time transmittal entry...all
downstream rules, formulas, and calculations
are performed automatically.
in processing steps, fewer errors, no adjustment
checks, less skilled operators, and "instant"
reporting reduces operating costs by 30%
to 50% in typical installations.
in-house operation, your fund office will
be able to respond immediately to your participants
for questions or changes with no reliance
to outside providers.