A system for efficient calculation of retirement minimum distribution helps reduce regulatory pressure

Summary:

A system for efficient calculation of retirement minimum distribution helps reduce regulatory pressure

Challenge:

The company used a primarily manual system for the calculation and distribution of retirement minimum distribution to its shareholders. This needed to be replaced by a more efficient, automated solution

Solution:

The scope of this project was comprehensive - it ranged from understanding the requirements to automating the complete process on the same platforms.

We have been providing maintenance and 24x7 production support to the company for their legacy systems through an offshore development center for the last five years.

The automated system has greatly enhanced productivity by reducing the pressure, tedium and high error probability of the manual calculation system.

Benefits:

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