Ageing
Life and Pensions Post Retirement
administration systems although struggling, can be prohibitively
costly to replace. However, LifeCycle Plus™ does not
require a major overhaul of your existing systems. That means
the investment required is considerably less, with rapid implementation
leading to administrative cost savings within 20 weeks.
Advantages
of LifeCycle Plus™
LifeCycle
Plus™ enables
new levels of process automation, straight through processing
and business process flexibility.
LifeCycle
Plus™ is a total post retirement administration solution providing
full functionality across the product lifecycle. The platform's
advantages are as follows:
•
It
has helped organisations to cut
administrative costs by up to one third, while improving
turnaround times and service levels.
•
It can be implemented in less than 20 weeks,
thereby delivering an immediate payback.
•
It caters for
accumulation and decumulation post retirement product portfolios,
including income drawdown and annuity products.
•
It
incorporates a best of breed calculations engine, product configuration, testing and illustrations components.
•
Employs a component based architecture - thereby your
specific administration system needs can be met without starting
from scratch.
•
It is one of the few administration systems that is SOA
compliant from front office to back office.
•
It is service centric, catering for multiple
products, processes and markets, as well as ongoing changes
to the same.
LifeCycle Plus™ Success Story
Exaxe's LifeCycle Plus™ solution enabled MGM Advantage to launch a sophisticated
new annuity product in just 20 weeks on a new platform.
For
the full story of how LifeCycle
Plus™ was implemented at MGM Advantage, click here.
