The top five ways modern technology can help pension agencies realize their mission-critical goals
- Diann Clift
- Thu, Mar 01, 2018
- Pension Administration, Pension, mobile application, Framework, Organizational Culture
While every public pension agency has their unique differences, a common purpose unites them: to maintain the financial security of the trust fund and provide exceptional service to external stakeholders. In terms of protecting pension funds, there are numerous investment strategies to close the funding gap: using asset monetization and dedicated revenue sources, issuing well-designed pension obligation bonds, closing tax loopholes, among other tactics. Investment strategies aren’t the only way to maintain the sustainability of the plans, however. By updating the technology that is used to administer pension benefits, pension agencies can ensure financial security while simultaneously achieving customer service excellence.
Is the pension industry ready to leapfrog?
- Manoj Bajaj
- Thu, May 18, 2017
- mobias, mobile application, Pension Administration, leapfrogging, leapfrog
Technology has changed the face of the world. Especially with the advances made during the last decade. However, if you look at new homes in the U.S., you will realize some outdated technology is still deeply entrenched. Take, for example, telephone jacks; these still come as a default option provided by homebuilders. But how many of us use these telephone jacks? Technologies like VOIP and smartphones have taken over with aggressive pricing, marketing strategies, ease of use, and business value that cannot be overlooked.
PRISM 2017 conference enlightens Sagitec’s staff members
- Jordan Bartlett
- Mon, May 01, 2017
- Pension, Pension Administration, mobile application, Business Process Improvement, data conversion, Microsoft Azure Government Cloud
The Public Retirement Information Systems Management (PRISM) conference is known for spurring thought-provoking discussions about how technology can improve public pension systems and this year was no exception. The educational sessions are the primary catalyst for these highly important discussions and this year’s conference in Nashville, Tennessee was chock-full of them. In an effort to move the conversation beyond the conference walls, I, Jordan Bartlett (JB) interviewed two Sagitec employees who attended PRISM to see what they learned.
Give the power of mobility to your pension members. Go digital!
Did you know that two of three Americans own a smartphone today? Smartphones are used for almost everything today – ordering food, banking needs, shopping online or booking doctor’s appointments. Most industries have realized the potential of mobility solutions and have leveraged it for better customer experience and detailed behavior analytics leading to personalized products and services.
Fifty-eight percent of Americans aged 50 to 64 own a smartphone. What is your pension agency doing about it?
Studies show that mobile app adoption rates amongst older generations are significant and climbing. A recent study (2015) from the Pew Research Center shows that 58% of Americans aged 50 to 64 own a smartphone¹.
Top 3 Reasons why your Pension Agency should consider MOBIAS
MOBIAS Pension is a mobile app that provides your members access to their pension accounts via a downloadable application. MOBIAS differs from a traditional member web portal in that it offers mobile-optimized account access with the integrated native features of a mobile phone (i.e. camera, GPS, phone, email, etc.). With MOBIAS, the power of self-service is at your member’s fingertips, allowing them to access and update their information anytime, anywhere.
Pension Goes Mobile: There’s an App for That
Did you know that there is a mobile application that tells you where you parked your car in a pirate voice? Yes, there’s an app for that. An ARRR-guably useful app for some, what about the benefits for a member of being able to update contact information or view annual statements via a pension app?
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Sagitec is a global technology solutions company delivering dynamic, tailor-made IT solutions to leading public and private organizations. Subscribe to our blog to stay up-to-date with the latest industry news and trends.