Rotary Club of Madras East and Congruent Solutions Pvt. Ltd., corporate sponsorship partner of Project RUSH
18 Apr 2017
Last month, the Rotary Club of Madras East (RCME) in association with Congruent Solutions Pvt. Ltd., has honored three unsung heroes under the project RUSH – Rotary Recognizes Un-Sung Heroes. Three touching stories of three women who made their life an example for others to follow, who proved that what the mind conceives, you can achieve– it didn’t matter that two of them had restricted physical capabilities and the third had restricted economic situation.
You may have heard some of these stories before or they may be new to you, but go ahead, read them and get inspired.
Ms. Preethi Srinivasan, Tiruvanamalai – Founder of Soul free, an institution she founded to empower and bring about improved opportunities in rehab, education and employment of the positively abled.
She embraced everyone with ease and asked them cheekily, “how many of you wear glasses. And do you all think you are handicapped?” She suggests, we are all handicapped in our own little ways, for nobody is perfect and it is just that her degree of disability is different from others.
She was the captain of the under-19 Tamil Nadu women’s cricket team and led the state team to the national championships in 1997 at the age of 17. A freak accident at the beach turned her overnight from that active girl to a Quadriplegic who had a few near death experiences.
Ms. P. Madhavi Latha, Chennai – Founder of “Yes We Too Can” Movement, which is meant for encouraging the challenged people to take part in Sports with an emphasis on Swimming.
She has 80% disability due to polio; doctors told her 10 years ago that she may not live for more than a year as her health was deteriorating due to lack of physical activity. Today, she holds four gold medals from the 1st State-level Paralympic Swimming Championship 2013 and two silver and two bronze medals from the 12th National Paralympic Swimming Championship 2012. Bronze medal in the Corporate Sports Olympiad 2011 in 100 meters freestyle Swimming and many more achievements throughout her career.
Dr. P. Uthayamalar – Runs an orphanage Bharatamatha Home, since 45 years, when she was in her twenties
“I faced discrimination because of my caste. After I lost my parents, I longed for love and affection. At that point, I met two children who had been orphaned”. She has dedicated her entire life for social service. She runs this orphanage home since her college days and has provided shelter, food, medical and education facilities benefiting 2000+ orphan kids. Currently there are 40 students and 5 adults.
Sri. S. Ramakrishnan, Founder & President, Amar Seva Sangam said: “These three great women have proved that one needs to have the right will and passion to do something for the society and that will eventually lead us to our goal.”
Rtn J. Balaraman, President, Congruent Solutions said, “These heroes are self-made individuals who face life’s toughest challenges and yet work towards the betterment of the society in a most effective way.”
All three are stories of grit and determination and a great lesson to all. There is a famous quote, “There is no elevator to success; you have to take the stairs.”
Congruent’s CORE Solutions joins US retirement services industry’s top marketing, sales, administration and record keeping professionals at the 2015 SPARK FORUM, Palm Beach, Florida
11 Nov 2015
Congruent’s President Bala Jayaraman, Executive VP San Asuti and VP-Retirement Solutions attended the 2015 SPARK Forum in Palm Beach, Florida. SPARK Forum is the retirement services industry’s leading event for the nation’s top marketing, sales, administration and record keeping professionals. Attendees include representatives from national banks, insurance companies, mutual fund complexes, investment firms, third party administrators, benefit consulting organizations and financial advisory firms. SPARK Forum has become US retirement industry’s important event for not only 401(k) Plan Providers, but also Financial Advisors and Third Party Administrators to showcase their latest developments in the US retirement markets and also to learn how to capitalize on latest market trends.
Congruent Solutions was the silver sponsor for this year’s SPARK Forum, which took place November 8 through 10. It had US retirement service industry executives of all stripes in attendance to showcase the latest in record keeping and plan administration platforms, retirement solutions, retirement and financial managed services, advisory and communication services. Congruent showcased its flagship enterprise solutions suite COREDC and CORE Solutions at the event.
Executives gathered for the SPARK Forum discussed the transformation of the US retirement industry and new era of responsibility, the retirement challenges of boomers and millennials, involvement of advisors, record keepers and TPAs in providing value-add services, financial wellness and aggregation tools and their role in optimizing client relationships. Another exciting initiative at this year’s SPARK Forum was awards recognizing innovation and leadership in the advisor community.
Some of the notable speakers at the 2015 SPARK Forum included: Charlie Nelson, CEO of Retirement, Voya Financial; Cynthia Hayes, President, Oculus Partners; Scott West, Head of Invesco Consulting; Shannon Morton, Director, BlackRoack; Joe Ready, Executive VP, Wells Fargo; Bill Yoerger, President of Retirement Services, One America.
Congruent Solutions is a winner of the ‘GREAT Tech Rocketships’ initiative that fits the 3 Fs criteria- good Founders, strong Fan-base and Funded.
13 Mar 2015
This first-of-its-kind global competition, a consortium of entities – UK Trade and Investment, iSPIRIT and Tech Hub have launched the ‘Great Tech Rocketships’ initiative. This was a global call for ideas and submissions from entrepreneurs who want to change the world, and have the potential to be fast growing “Rocketships”.The initiative ran across 5 cities (Bangalore, Chennai, Pune, Hyderabad and New Delhi).
Of the five companies which won out of the 289 that applied, two had been Chennai’s own — Congruent Solutions and Frilp. Congruent Solutions’ CORE AE – an auto enrolment solution aimed at the UK pension regulation, had been identified as a prospective ‘rocketship’ for its potential to disrupt the UK retirement services industry.
Along with the other winners of the competition, Balaraman Jayaraman, President & Co-Founder, Congruent Solutions spent a week in the U.K., as part of the UKTI delegation to demo the Congruent’s CORE AE product at one of the TechHub Demo Nights in London and also tour the local technology ecosystems; meet other entrepreneurs, network and exchange notes on the product propositions to fit those markets.
Balaraman Jayaraman, President & Co-Founder, Congruent Solutions, along with other ‘Great Tech Rocketship’ winners at the UK Trade & Investment event, Chennai
� GOV.UK has quoted Balaraman Jayaraman President and Co-Founder of Congruent Solutions as saying “It was a privilege to be chosen as the GREAT Tech Rocketship. We have had very fruitful meetings and exposure during the demo night. But the highlight truly was our visit to Manchester organised by the UKTI. I was very impressed by the support that is being provided. Thanks for the opportunity!”
Other four companies from India, chosen as the ‘Great Tech Rocketships’ were Agrima Infotech, Frilp, Talview, and ToneTag
Read more at:
Watch the Highlights from the UKTI, Chennai event:
‘Billion Dollar Baby’ Recognition – Another feather in the Congruent’s Cap
Congruent Solutions has been recognised as one of the potential “BILLION DOLLAR BABIES” by TiECON Chennai. TiE Chennai, a part of The Indus Entrepneurs, a global not-for-profit organisation that nurtures entrepreneurs.
The objective of this program was to showcase the organizations that have started from scratch and have the potential to turn into a billion-dollar business with a global presence.
There were about 350+ companies who were recommended / identified by a few city based investment bankers as the likely companies to hit a Billion Dollars of revenue or valuation in the next 5 years.
These were evaluated by a committee consisting of M S Jagan, a leading Management Consultant in Chennai, Prof. T.N Swaminathan, Dean of Marketing of Great Lakes Institute of Management, and R Narayanan, a serial entrepreneur and an investor in Chennai Angels. This committee shortlisted 12 companies for the next phase in the evaluation.
R Narayanan, Chairman, Programme committee for the event, addressing a press conference on the event, said that the final round was judged by an independent jury consisting of Mr. Anup Bagchi, MD & CEO of ICICI Securities, and Mr. Ashwin Narasimhan, MD – Global Corporate and Investment Banking, Bank of America. They went through all the information submitted by the respondents and followed it up with an interview with each of the shortlisted companies’ CEOs. From the list of 12, they chose 4 companies most likely to be the Billion Dollar Babies from Tamil Nadu and we are naturally excited to be one of them.
Balaraman Jayaraman, Co-Founder & Presidentsaid “This is a recognition for having embarked on a arduous journey of building an ERP class product Enterprise technology platform (CORE) for the retirement / pension industry and having succeeded in the most demanding of all product markets, the US. It is also an external validation and reinforcement of our own belief and conviction that we are on a very special mission and a huge value creation exercise “.
Other nominated billion dollar baby companies were VA Tech Wabag Ltd, Financial Software & Systems (P) Ltd (FSS) and Magzter Inc.
Congruent Solutions Launched CORE at SPARK
Congruent Solutions launched CORE Retirement Solutions, their proprietary Enterprise Software Platform for Retirement Plan Administration and Recordkeeping for global markets at the SPARK Forum held at Florida, USA on November 4th 2013. Congruent attended the conference asa Silver Sponsor and exhibited COREDCTM at the stall. SPARK Forum is retirement industry based leading event for the nation’s top marketing, sales, administration and record keeping professionals. In the SPARK Forum, David Armistead, Vice President at Congruent Solutions gave keynote talk on “Making Plan Administrators’ life easier and enhancing customer engagements through new generation technologies”. “Retirement providers spend their time struggling to prioritize their internal functions and streamline their processes to the plan sponsor” David Armistead told 401kWires. He adds “With CORE software, providers could spend their quality time focusing on their customer-facing support and other higher value functions rather than streamlining the commoditized functions like error corrections”. COREDCTM is next-generation recordkeeping software for the US retirement industry with the state-of-the-art enterprise class technology. It is designed to manage the retirement plan administration and regulatory needs in a streamlined manner.
With the COREDCTM, various stake holders (plan participant, plan sponsor, plan administrator, and financial advisor) can access, manage and communicate on a single platform thereby increasing overall retirement plan administration efficiency.
San Asuti, Executive Vice President of Congruent Solutions said”Our mantra is going to be configurability instead of customizability, versus the challenge of legacy system where every installation has customization and patches”.San has beenpreviously rated as 56th most influential person in the Retirement Services industry by 401KWire in 2012.
“We plan to reduce the cost of ownership of 401(k) record-keepers from $18 to $ 7 per participant” said Asuti.
“We have designed our product with the ability to configure the rules for different flavors of defined contribution keeping adaptability in mind” said Balaraman Jayaraman, President and Co-founder of Congruent Solutions in SPARK Forum. Asuti added “the new platform is designed to be extremely adaptable to a provider’s needs and specification”.
“The goal is to reduce the plan onboarding cycle time from 120 days to 40 – 60 days for large plans,” Asuti said. “The algorithm has the ability to read plan data from provider one into the recordkeeping platform of provider two.”
Congruent Solutions also offers CORE Point solutions to address specific needs of the retirement industry administrations and are easily deployable to work with the existing record-keeping systems.
CORE Solutions to launch its QROPS platform, COREQROPS, for the UK market in the second half of 2011
London: Congruent Solutions announced Monday that it was entering the UK market with a solution that was targeted towards the QROPS providers in the United Kingdom.
“The UK region is brimming with activity in the pension industry. With the industry maturing significantly in the past five years and with the introduction of new vehicles such as QROPS and Group-SIPP (in the near future), we see tremendous opportunity to add value to the businesses of scheme administrators of all sizes”, said Mr. Bala J. Raman, President at Congruent Solutions. Mr. Bala is upbeat about bringing this technology into the market that can prove to be a value differentiator for the adopters of the technology product.
Mr. Raju Sitaram, Vice President of Product Engineering at Congruent solutions said, “COREQROPS borrows from our industry leading technology that we have developed for the American retirement scheme providers and we are hard at work to ensure that we bring a world class solution that will allow companies providing QROPS schemes to manage and service their clients better and more efficiently”.
“QROPS is perhaps the tip of the iceberg when it comes to the market potential that the UK offers. We feel that with our experience in serving the pension industry, we should be able to partner with organizations and take the way the administrators manage their business to a whole new level”, said Mr Bala.
Congruent has partnered with a leading QROPS scheme provider in the UK to bring this product to the market. The company said that it feels that having a partner at this stage will allow them to readily gauge the needs of the market and provide a solution that will create the maximum value for all stakeholders involved.
COREDC available as a modular offering in the United States
Cupertino: The COREDC platform is now available in the US market both as bundled and modular offerings.
“We understand that several organizations in our target market would like to adopt a phased adoption route while revamping their retirement technolgy platforms. The COREDC product architecture allows us to easily offer a module or a set of modules to clients depending on their implementations strategies”, said Mr. San Asuti, Executive Vice President at Congruent Solutions. Mr. Asuti heads Congruent’s US operations and is associated with the retirement technology space for over a decade now.
“Retirement technology platforms cannot function in isolation and it is important that they are highly adaptable and customizable to each client’s needs. Therefore, which conceptualizing this product, we ensured that significant attention was paid towards the elements that would define the product’s ability to integrate seamlessly on the client side irrespective of whether it was implemented as a whole or in part”, said Mr. Lucas Soucy, Director of Retirement Services at Congruent Solutions.