An application’s Life Element

What is an Application? What does it do? How does an application work? Let us look at some of these basic questions: Basically, an application is a tool that collects, process and shares data. It is like a human body and without a life element, the body will not work. Data is the life element [...]

Retirement Savings Plans – the Plan Migration Worries

Conversations with a few top record keepers in the retirement savings space led us to a predicament, which, albeit not too frequent, is but of significant importance in the retirement industry. While day-to-day recordkeeping woes have mostly been addressed through currently available off-the-self solutions or through custom built applications thereby making a sponsor’s life relatively [...]

Contributions Processing: The least evolved of all recordkeeping processes?

Most record keepers today use several different software, both home grown applications and external products, for managing various recordkeeping processes like enrollment, contributions, loans, distributions, compliance testing, etc. With time, some of these business processes have become more evolved and streamlined compared to some others. There are dozens of products that are released every year, [...]