SunGard Enhances Omni Web Solution

SunGard released a new version of its Omni Web Solution for defined contribution and defined benefit plan participants, plan sponsors and customer representatives.
Reported by Kristen Heinzinger

The upgraded website provides participants with online access to account information and transactions. It incorporates expanded integration, messaging, reporting, configuration and processing capabilities to help plan sponsors differentiate their services.

New features include:

  • Personal finance applications and other retirement tools for education, investment advice, statements and rollover services;
  • Rules-based messaging, redirection capabilities and on-demand reporting for real-time answers to queries, increased transparency and plan-specific guidance;
  • Paperless transaction approvals and processing, website usage and statistical reporting for plan sponsors; and
  • Plan administrator capabilities for configuration, plan set-up and uploading custom Web pages to add dynamic and static content to the site.

Retirement plan participants want greater transparency in their plan holdings through on-demand, online access to account activities and reporting, according to Greg Clark, senior vice president of SunGard’s wealth and retirement administration business. “SunGard’s Omni Web solution helps plan sponsors and client service representatives provide a highly configurable, branded and secure online experience for their constituents in order to deepen relationships while streamlining operations,” Clark said.

 

Tags
Advice, Defined benefit, Defined contribution, Education, Participants, Plan Documents, Practice management,
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