Emerald-Trac
provides benefit plan administration software for
independent fund office computer systems and administrative
support.
Flexibility :
Changes in benefit rate levels, rules,
etc. are easily made by the system operator.
Current custom-built systems are usually
obsolete or stagnant and it is difficult
to make changes to the initial programs
without out-sourced assistance and additional
costs.
Efficiency
:
Saves time since all
information is only entered once by data-entry
eliminating steps in the traditional process
of recording checks, processing checks,
and entering participant's data.
Reliability
:
After initial entry, all
information and calculations are 100% error
free since operations are performed automatically.
Credibility
:
Participant's
eligibility, pension amounts, annuity payments
are accurately and automatically verified
to assure accurate results.
Reporting
:
All
reports are "real-time" and not
"static" or batched since the
system is built in a relational database.
Unlike other systems, your operator may
query the database at any time for any "ad
hoc" report desired or needed...even
within the month.
Ease of
Operation :
Operators
do not have to possess detailed knowledge
of transactions. Reduces the operator level
to a clerical position, since the only function
needed is one time transmittal entry...all
downstream rules, formulas, and calculations
are performed automatically.
Cost Effective
:
Reduction
in processing steps, fewer errors, no adjustment
checks, less skilled operators, and "instant"
reporting reduces operating costs by 30%
to 50% in typical installations.
Control
:
By
in-house operation, your fund office will
be able to respond immediately to your participants
for questions or changes with no reliance
to outside providers.
