The top five ways modern technology can help pension agencies realize their mission-critical goals
- Diann Clift
- Thu, Mar 01, 2018
- Organizational Culture, mobile application, Framework, Pension, Pension Administration
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.
3 Ways Educators Can Guide Pension System Projects to Success
Like all stakeholders in today’s turbulent pension industry, educators are doing their best to navigate a perfect storm of challenges. With incoming waves of new retirees, sweeping legislative reforms, and large-scale IT replacement projects for a modern pension administration software solution with a web portal looming over pension funds, the need for effective education has never been greater. This is both good and bad news for the educator. On one hand, it means their skills have never been more necessary. On the other, it means the pressure to deliver is on.
Why do IT projects fail?
Last week I stumbled across an interesting article on the web that helps us answer the question as to why IT projects fail. Citing long-standing research performed by the Standish Group, the article provides a list of reasons given during a survey of some 365 different organizations. These are listed in the table below:
3 Reasons Why Organizational Culture Matters in IT Implementation Projects
What is Organizational Culture anyway?
A little while back, a coworker asked if I could write up a brief description of Sagitec’s organizational culture to help some new-hires get oriented to the company. Sure, I said, I’d be glad to. Just one problem: how do we define our culture?
4 Reasons Why IT Initiatives Should Include a Change Management Plan
When it comes to major IT initiatives like pension system replacement projects, creating a comprehensive change management plan that involves non-IT executives is usually not at the top of the priorities list. But as a recent tip from Harvard Business Review notes, the cause of failed IT initiatives more often than not exists outside of IT:
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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.