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Relevant Remitter

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Planserve Common Remitter

Planserve Common Remitter

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Relevant Remitter Relevant Remitter Presentation Transcript

  • 401a plans 403b plans 457 plans 401k plans
    Insurance Premiums Common Remitter
  • PlanServe Data Systems
    Provides E-Business Products for the Retirement and Financial Services Market
    Experienced Management Team
    Managed the development and support of large, complex recordkeeping systems
    Managed day –to- day recordkeeping operations with thousands of plans and participants
    Developed and supported e-business solutions for retirement services and other markets
    Located in Birmingham, AL
  • PlanServe Data Systems
    All PlanServe Products based on Common .Net
    Relevant Remitter
    A Browser-based Common Remittance Platform for Multi-Vendor Benefit Plans
    Supports 403(b), 457, Life Insurance and other deductions
    Rules defined based on contribution or premium type
    Fresh approach to meet the demands of the new regulations and B2B formats.
    Relevant File Exchange Portal
    B2B System to automate the collection of data and files from clients and to publish both data and print files.
    Advanced roles-based security model to support the different relationships
  • PlanServe Data Systems
    Relevant Pension Portal
    A single portal to consolidate data from multiple data sources for your participants, plan sponsors and investment advisors.
    Relevant Web
    A platform for developing e-commerce products for different markets. Based on powerful CRM system and role based security model . Clients include banks, retail product suppliers, associations, etc.
  • Your Common Remitting?
    • Can you manage all of your remittances on a single system?
    • Are you losing business because of system limitations?
     
    • Are manual steps keeping your costs high and limiting your growth?
    Forward thinking providers are repeatedly turning to PlanServe as a trusted partner to upgrade their common remitter delivery platform to the next generation.
  • Relevant Remitter – Solution Components
    Enabled with a customer relationship management (CRM) engine
    Based on employer for multiple plan type support
    Allows unlimited local or global vendors
    Connects participants with multiple relationships
     
    Steamlined with a file exchange portal
    Collects and imports employer and vendor files
    Transforms files with BPM and ETL tools for straight through processing
    Publishes files to employers and vendors with full security
     
    Developed on a workflow engine
    Money source based rules engine for scalability and flexibility
    Expandable and flexible workspaces
    Quality assurance auditing
    Handles 401k, 403b, and 457 plans
    Empowers providers to cost-effectively manage the multi-vendor payroll deduction requirements for the 403(b) and 457 plan market as well as other multi-vendor employer benefit programs.
  • Relevant Remitter – Solution Components
    Focused on remittances for contributions and premiums
    Billing on paper and online
    Remittance on paper, online, and upload
    Allocation or pass through
     
    Configured for transaction review and compliance
    Paperless processing and review
    Online form completion
    Electronic form archival
     
    Controlled with reporting for management dashboard
    Allows seamless presentation to CSV, html, or PDF
    Compliance reports and real-time monitoring as transactions are input
    User configurable templates
     
    Enables quality with tailored screens and content
    Browser-based XML and XLST
    Real time connection to vendor API with a communication adapter
    White labeled sites for employers and vendors
  • Relevant Remitter - Overview
  • Relevant Remitter – End to End Efficiency
    Relevant Remitter will allow service providers using Relevant Remitter to improve service levels and deliver enhanced services at lower costs
  • Your Pension Portal?
    • Are you setting up separate rules for back-office process and your web?
    • Are you able to change your content on your web daily without program recompiles?
    • Do you have full control over your key web delivery channel to your customers?
    • Does your budget not have room for massive IT upgrades with unnecessary middleware?
    • Are you overwhelmed with duplicate control files?
  • What is Relevant Pension Portal?
    • A web based service platform – designed to support
    • Plan Administrators
    • Plan Advisors
    • Plan Sponsors
    • Plan Participants
    • New approach with ‘right’ technology.
    • New architecture for rich and relevant content.
    • New design focused on participant experience rather than old paper process or host system limitations.
  • Relevant Pension Portal: Product Benefits
    Avoid being locked into a proprietary web tightly coupled to a legacy host
    Avoid complicated and bloated middleware
    Avoid expensive consulting engagements
    Allows Recordkeeper to control the web content and functions
    Leverage existing rules for minimum rule duplication
    Leverage data in place for minimum data duplication
    Use of industry standard, proven technology with XSLT and XML
    Clean and clear separation of presentation from data for easy and quick screen changes and skinning
    Use of host based business services
    Easy integration with multiple data sources
    Avoids complicated multiple tier middleware
  • Relevant Pension Portal: Product Benefits
    Designed you web to fit your participant’s not the system
    Integrated into your overall web presence
    Use industry standard technology
    Reduce to a minimum the number of possible points of failure
    Reduce to a minimum the number of interactions with host for each business event
    Easily integrate with other data sources
    Recordkeeping; Investment Advice; reporting databases; and other internal/external systems
    Business team can manage content
    Maintain content without program compiles
    Private label web presentation
    Setup alerts and messages at different levels
  • Relevant Pension Portal: Components
    Integrated with Relevant File Exchange System for controlling the exchange of files and data with clients, participants and other business relationships
    Publish full cycle confirms for complete integration (i.e., address changes, deduction changes, loan initiation)
    Allow selectable formats for download
    Distribute documents across plans by role
    Business Process Management tool (ETL) to automate movement of data between systems. Works with Relevant File Exchange or other system to push straight through processing.
  • Relevant Pension Portal: Technology
    Highly flexible and scalable platform
    XML/XSLT for data access and transformation
    XML-based integration with OmniPlus™ via OmniConnect™, DDMS or Operational Data Store (SQL Database)
    Browser-based development environment for developing and testing OmniScript for XML data integration
    XSLT used for generating HTML, PDFs, comma delimited files (CSV) or XML
    Microsoft .Net framework to easily add new technology to platform on your schedule
  • Relevant Pension Portal: Unique Design
    Separates the data from presentation for lower maintenance and support costs
    Change content and graphics without program compiles.
    Source code provided to protect investment
    No proprietary code to impact product evolution
    Easy and quick deployment for updates
  • Relevant Pension Portal: Designed for ease of use
  • Relevant Pension Portal: New Approach
    Managed by content management system (CMS)
    Driven by contact management structure (CRM)
    Host control file configured
    Make daily updates to only selected portion without recompiles
    Phase in rollout to avoid risk
    Source code provided for greater control
    Updated proven technology without jumping to latest fad
  • Relevant Pension Portal: Participant Web
    Customizable summary page with
    Current allocation graph & Balance history
    Contribution snapshot & Dynamic teasers
    As of balance inquiry by investment, source, or asset class
    Searchable activity history
    As of pricing comparison
    Investment performance snapshot for past 90 days
    Loan Center
    Loan modeling with frequency and next payment dates
    Current amortization downloads with payment history
    Dynamic loan applications & Online loan requests
    Payoff wizard
    Contribution center
    Current snapshot of last amounts, last dates, and year to date amounts
    Graphical display of contribution history & Online deduction transactions
    Investment center
    Personal action wizards to guide the user through process
    Configurable transaction combinations & Scheduled transaction events
    Manage pending activity & Prospectus receipt validation
     
    Personal profile with Display employer branding & Allow edit of selected personal details
    Alert center
    Customized global, plan, or participant alerts
    Allow acknowledgement & Linkable to calls to action
    Portfolio details with Shows underlying securities in a portfolio & Branded documents and prospectuses
  • Relevant Pension Portal: Sponsor Web
    Used by Call Center Staff
    Employer Access
    Administrative Access
    Take on the participant’s view
    Payroll upload and validation
    Secure file exchange
    Publish full cycle confirms for complete integration (i.e., address changes, deduction changes, loan initiation)
    Allow selectable formats for download
    Distribute documents across plans by role
    Plan browse
    Participant search
    Multiple occurrence support
  • Relevant Pension Portal: External Sources
    NewKirk™ for performance history and prospectus information
    Guidance Plus ™ for investment advice
    Statement warehousing systems
    Quicken downloads
    External document libraries
    Contact engines
    Universal multi-factor security engines
    Others….
    Here are the possible external integration points commonly used with the suite, but each site has unique needs. However, the framework allows connections to multiple data sources in an easy and structured approach without complicated tools.
  • Relevant Pension Portal: Architecture
  • Relevant Pension Portal: Typical Network
  • Relevant Pension Portal: Customization
    Simple Control File Structure for each OmniScript to support client customization.
    Add/Change Control Files and OmniScript to extend functionality
  • Relevant Pension Portal: Sample
    name=Contributions
    activity=01
    name=Realized Gain/Loss
    activity=02
    activity=03
    activity=004
    name=Disbursements
    activity=23
    activity=20
    activity=25
    name=Miscellaneous
    activity=05
    activity=06
    activity=08
    activity=09
    activity=10
    activity=12
    activity=22
    activity=24
    activity=27
    activity=28
    name=Transfers
    activity=07
    activity=21
    name=Fees
    activity=26
    activity=73
    name=Loans
    activity=35
    activity=96
    activity=97
    activity=29
    name=Unrealized Gain/Loss
    activity=999
  • Relevant Pension Portal: XML Sample
    <instructions>
    <instruct name="maxrange" value="500" />
    <instruct name="lowestdate" value="03/21/2009" />
    </instructions>
    <balances>
    <bal name="open" value="23615.87" date="02/01/2010" shares="52971.7359" />
    <bal name="close" value="285542.70" date="08/03/2010" shares="3014.4550" />
    </balances>
    <activity>
    <summary name="Contributions" expand="y" value="350.00" shares="42.7191" items="13" >
    <detail actcode="001" fund="1TA" fundname="Goldmanmidva/ Ee401K" name="Contributixn" tdate="02/02/2010" value="31.50" shares="1.0915" price="28.860000" />
    <detail actcode="001" fund="2BA" fundname="Fed Us Treas/ Ee401K" name="Contributixn" tdate="02/02/2010" value="14.00" shares="14.0000" price="1.000000" />
    <detail actcode="001" fund="3AA" fundname="Alliz Nfj Sm/ Ee401K" name="Contributixn" tdate="02/02/2010" value="17.50" shares="0.7237" price="24.180000" />
    <detail actcode="001" fund="3BA" fundname="Fa Real Esta/ Ee401K" name="Contributixn" tdate="02/02/2010" value="17.50" shares="1.2464" price="14.040000" />
    <detail actcode="001" fund="CDA" fundname="Europacific/ Ee401K" name="Contributixn" tdate="02/02/2010" value="59.50" shares="1.5986" price="37.220000" />
    <detail actcode="001" fund="CEA" fundname="Grth Fd Am/ Ee401K" name="Contributixn" tdate="02/02/2010" value="49.00" shares="1.8311" price="26.760000" />
    <detail actcode="001" fund="CFA" fundname="Wash Mutual/ Ee401K" name="Contributixn" tdate="02/02/2010" value="24.50" shares="1.0004" price="24.490000" />
    <detail actcode="001" fund="CWA" fundname="Inv Co Amer/ Ee401K" name="Contributixn" tdate="02/02/2010" value="24.50" shares="0.9585" price="25.560000" />
    <detail actcode="001" fund="D5A" fundname="D&amp;C Inc/ Ee401K" name="Contributixn“ </summary>
    <summary name="Realized Gain/Loss" expand="n" value="0.00" shares="0.0000" items="0" >
    </summary>
    <summary name="Dividends" expand="n" value="0.00" shares="0.0000" items="0" >
    </summary>
    <summary name="Disbursements" expand="n" value="0.00" shares="0.0000" items="0" >
    </summary>
    <summary name="Other" expand="n" value="0.00" shares="0.0000" items="0" >
    </summary>
    <summary name="Transfers" expand="n" value="0.00" shares="0.0000" items="0" >
    </summary>
    <summary name="Fees" expand="n" value="0.00" shares="0.0000" items="0" >
    </summary>
    <summary name="Unrealized Gain/Loss" expand="n" value="261576.83" shares="0.0000" items="0" >
    </summary>
    </activity>
  • Relevant Pension Portal: Customization
    Business Services for most common interactions
    Over 50 OmniScripts , i.e., balances by investment, source, asset class, etc.
    OmniScripts packaged to meet client’s presentation requirements and performance
    Add/Change Scripts to extend functionality via browser-based development environment
  • Relevant Pension Portal: Transactions
    Relevant Pension Portal is the only solution which interacts with Omni via XML business-oriented packages. The XML-based business services provide the complete transactional details regardless of the underlying database records. The smart packages contain the processed data and interpreted rules. This allows for an ultra thin web which is easy to deploy and simple to maintain. Does this look like your Omni transactions?
     
    <?xml version="1.0" encoding="utf-8"?>
    <events>
    <command businessevent="transfer" update="n" webudf1="rpp" webudf2="web" tradedate="" userid="" id="001" ref="xyz">
    <parameters planid="123456" partid="123456789" >
    <change source="*" />
    <change fromfund="3A" />
    <change frompercent="100" />
    <change tofund="D5" />
    <change topercent="100" />
    </parameters>
    </command>
    </events>
  • Relevant Pension Portal: Development Utility
    • Run service scripts
    • Debug
    • Simulate parameters
    • Multiple stream development
  • Contact Us