Managing pension and benefit plans can be challenging in today’s world. Disparate data sources, ongoing legislative changes, manual processes and work-arounds, and the increasing demand for instant access to information all create a complicated situation. The good news is that it doesn’t have to be complicated.
We recently released CPASv5 by Avenu. Your all- in-one system for smarter pension administration.
With its versatility to handle any type of benefit plan from Defined Benefit, Defined Contribution, Hybrid pension Plans, savings plans, and Health and Welfare Benefits, CPAS has all the functionality administrators, employers, members and retirees need.
CPAS is powerful, yet flexible to easily respond to changes in plan design, legislation and administration practices.
Built-in workflows, case management and automation allow you to process eligibility, employment and contribution da\ta, run benefit calculations in seconds, and process benefit payments.
Operations are more efficient. With a single system and source of data, information is current, relevant and secure.
You are also provided a 360 degree view of a member’s account for improved client communication and faster service.
In turn members can access their up-to-date information at any time, on any device and have the tools to plan for their financial future.