SunGard Offers Automated Rollover Solution for OmniPlus and Relius Clients
BIRMINGHAM, AL – September 17, 2004 – SunGard Employee Benefit Systems, an operating group of SunGard Data Systems (NYSE:SDS), today announced an automated rollover asset retention solution that helps to add value to existing OmniPlus and Relius Administration relationships.
Through a partnership with ProNvest, the solution offers SunGard clients immediate rollover asset retention and acquisition capabilities for their platform of choice and provides plan participants with a continued relationship for investment management.
According to industry analyst group Cerulli Associates, annual rollover inflows are expected to reach $450 billion by 2010. SunGard is helping its plan provider and broker clients aggressively capture, control and consolidate additional assets.
The SunGard ProNvest solution presents participants with all necessary documents to open an IRA account and liquidate assets from any platform, internal or external, and direct them to the provider's platform of choice. The process eliminates paper processing and completes the rollover online, on the phone, or in the branch in less than 15 minutes. This technology helps customers lower their total cost of ownership by reducing printing, mailing and administrative costs through automation of digitally signed documents for additional signature, approval and review.
"SunGard provides its clients with a strategy for building trusted advisor relationships with plan participants before a rollover is even possible," said Don Mackanos, president of SunGard Employee Benefit Systems. "Participants who believe their assets are being successfully managed on this platform may also feel more confident consolidating additional accounts using ProNvest to drive assets back to their platform of choice."
SunGard ProNvest is available to all ASP customers as an integrated module of OmniOnline and is also offered as a licensed solution for OmniPlus and Relius Administration.
About ProNvest
ProNvest is an independent money management firm focused on helping retirement plan providers acquire, service and retain customers and their assets, like never before. ProNvest provides money management services, education, investment allocation advice and IRA rollover assistance to 401k, 403(b) and other retirement plan participants delivered online, on the phone, or in person. The ProNvest rollover technology, Signix, is a hosted identity, digital signature and workflow solution that converts unknown prospects into known customers instantaneously over the Web. Signix enables existing customers and unknown users to complete trusted signature transactions online. Signix's solution verifies and authenticates the legal identity of prospects interacting with your Web site or online forms and provides the means to obtain legal digital signatures on required documents. Visit ProNvest, Inc. at www.pronvest.com.
About SunGard Employee Benefit Systems
SunGard Employee Benefit Systems provides administrative systems and services, document generation systems, multi-media based training, and plan sponsor/participant outsourcing solutions for the retirement plan industry. SunGard offers practical, cost-efficient solutions that suit clients ranging from the very largest to the smallest providers of retirement plan services.
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