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Tech Directory Product Detail

SunGard iWorks Compass (Insurance/Pension/Investment Product Admin.)

Product Description:

iWorks Compass offers insurance companies our enterprise-wide, multi-product administrative support solution. Compass supports the administrative needs for a wide variety of investment and insurance products offered within the insurance industry. Product support includes investment account administration for individual and group retirement and health savings accounts, as well as enrollment, billing and administrative support for worksite products including group life, disability, dental, vision and much more. Supporting both domestic and international markets for all types of employee benefit plans leveraging our scalable n-tier environment and making full use of Oracle's RDBMS architecture.
Built around an integrated relational database, the Compass system features an easy to use graphical user interface, providing comprehensive financial processing and account/policy servicing capabilities. In addition, the systems highly parameterized rules-based architecture make it very easy at create new products, services or to enhance those of your existing products without the need for programming or IT intervention. Centralization of data, business processes and integration with upstream and downstream systems within a single product administration system helps insurance companies arrive at the return on system investment dollars for which they have been searching.