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So far Core Solutions has created 14 blog entries.

Value of Reverse Engineering

Reverse Engineering of applications is a challenging yet rewarding process. Reverse Engineering helps us understand code that is without proper document. The concept behind reverse-engineering is breaking something down in order to understand it, re-engineer an application or to improve upon it. Initially, it only applied to hardware but now Reverse Engineering is used in [...]

PO and the Scrum Team

According to Agile framework, the Product Owner role can be taken up by anyone who: Represents the voice of the customers and the stakeholders, and is accountable for ensuring that the team delivers value to business Gives overall product direction, creates user stories, set priority and tracks epic/feature and Manages the backlog Collaborates with business/ [...]

Game Changers!!!

New Age ‘Intelligent’ Record Keeping Systems In its record keeping survey for the year 2011, Plan Sponsor identified that more than 60% of current record keeping systems are legacy systems. Even systems built on mainframe technologies are considered outdated by current generation business. Technology writer Stewart Alsop predicted way back in 1991, that the last [...]

Smarter platforms and BPaaS solutions provide cost savings, and enhances productivity

Streamlining the Contribution Processing lifecycle of the Defined Contribution plan administration Many of the large plan providers, with decades of experience in Defined Contribution (DC) plans, Defined Benefit (DB) plans and Non-Qualified plans administration are maintaining multiple legacy systems for managing the contribution process. These disparate systems are supported by error-prone manual intervention processes. The [...]

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, [...]

Investment Vehicles in Pension Funds

A majority of people do not save enough for retirement, and those who save, do so without understanding investment vehicles or without a goal and investment horizon. Many pension plans around the world are trying to address this by auto-enrolment, and default funds. Industry statistics in the US show that participation rates in pension plans [...]

Lack of Standards in the Retirement Industry

Having made a move from Insurance to Retirement like so many of my peers, I was first awestruck by the sheer numbers in this industry in terms of total assets: with the total assets of pension funds about $10 trillion more than insurance companies. Soon after, I was dumbstruck by the total lack of standards [...]

Work – Life Balance, a perspective

These are days of speed, instant gratification and everyone being in a hurry to get to the top of the ladder in terms of professional achievements. In a world with all this emphasis on these parameters, one key aspect of life that gets sacrificed is what is commonly referred to as ‘work life balance’. The [...]