Configurable Pension Administration Software To Meet Your Needs
State public retirement systems are facing critical choices due to the predicted increase in the demand for services from its members. An increase in the baby boomer bubble and rising life expectancy of retirees and survivors, coupled with the complexity of retirement benefits, create challenges for state agencies. The systems must dramatically increase staff and their investments to upgrade technology or face significant reductions in member services.
HP is a leading provider of IT-enabled business solutions and products to the public retirement industry. HP offers business consulting, pension administration products and end-to-end implementation services. The HP Clarety solution is a packaged, out-of-the-box pension administration solution that is configurable to create specific administration system solutions for public retirement funds. It is an integrated solution that combines business best practices, robust technical infrastructure and proven methodologies to deliver solutions.
The reusable software components can be used to automate common functions within public retirement systems, including enrollment, benefit payments, benefit estimates, customer services and service credit purchases. It is the optimum solution for organizations looking to replace their retirement administrative systems with a packaged, browser-based solution.
Features include:
- Configurable business functionality
- Technical platform independence
- Long-term product and service support
For more information about what HP Enterprise Services can do for you, submit a business inquiry.