SunGard, which provides software and IT services to the financial industry, has enhanced the investment management, web services, mobile, and smart messaging capabilities of the Relius product, which handles retirement plan administration and recordkeeping.
According to SunGard, the enhancements will increase flexibility and efficiencies of managing investment models and individual funds, streamline the setting up of a plan, and improve communication with plan sponsors and participants.
The enhancements include:
- An enhanced investment management utility gives customers the ability to add funds, replace funds with other funds, replace a single fund with multiple funds, and replace funds with model portfolios in one global batch process.
- Integration with Relius Documents helps to further streamline defined contribution plans set-up in Relius Administration, while automated data validation helps to increase plan accuracy.
- Relius Mobile Participant updates include the ability to view and update participant demographic information and participant allocations. Relius Mobile Participant gives users the ability to view and make investment election changes from any mobile device.
- Smart messaging capabilities help facilitate the creation of email marketing campaigns, alerts to plan sponsors and participants, and message status notifications.
“The latest enhancements for Relius Administration will help providers differentiate themselves, increase revenues and operate smarter by improving investment management, data accuracy and operations, and the experience of sponsors and participants,” said Ken Simons, senior vice president and general manager of SunGard’s Relius business unit.