SunGard Improves Recordkeeping Census Data Collection
September 7, 2011 (PLANSPONSOR.com) – SunGard has launched a payroll and census data collection capability to help benefit administrators increase production efficiencies by giving U.S. and international plan sponsors an online submission process to fund and post information automatically on the recordkeeping system.
Available as an integrated module of SunGard’s Omni pension recordkeeping solution or as a stand-alone solution, Omni Data Validation Web helps to reduce operational costs throughout the payroll collection process by providing plan sponsors with the ability to submit contributions, loan payments, participant indicative information, and other administrative data online.
Omni Data Validation Web helps plan sponsors and recordkeepers streamline online data that has been submitted for payroll, compliance, demographic, and other participant indicative purposes. Using a customizable, Web-based interface, it notifies users of required actions via e-mail, supports multiple file formats for uploading payroll data, provides feedback on deferrals and loan payments, and helps to improve data quality by employing standardized data formats through a rules-based data validation process, which can integrate with SunGard’s Omni or other recordkeeping systems.