FUNDMASTER | THE No. 1 PENSION ADMINISTRATION SOFTWARE

FUNDMASTER Xi

The Most Advanced Pension Administration and Investments Management System in the region. Caters for the core functions of Retirement Benefits and Pension Scheme Administration for both private and public employee retirement organizations. Core Modules include:

  • Benefits Administration
  • Financial Accounting
  • Investments & Assets Management
  • Member Self Service
  • Workflow Management
  • Reporting & Business Intelligence

FundMaster Xi Pension Administration System provides a flexible, extensible architecture and tools designed to accommodate the one-size-does-not-fit-all landscape of today’s retirement programs. Supporting the regional pension funds and administrators for over ten years, FundMaster Xi is a proven solution that has gone through a process of complete re-engineering based on customer feedback to keep current with the industry needs.

Experience the Ultimate FundMaster Advantage

Owner Benefits

Trustee Benefits

  • FundMaster Xi being web based is easy to deploy and support from a centralized location giving businesses a shortened time to market
  • It provides a platform for introduction of new products thus providing a competitive edge
  • The service oriented architecture of the system means it can be expanded and extended allowing growth without accompanying cost
  • Business Intelligence gives businesses the ability to mitigate risk, identify gaps, generate insights into the business, etc

Administrator Benefits

Administrator Benefits

  • Users securely access the system via a standard web browser from anywhere in the world
  • Easy and Intuitive navigation enhances productivity across the organization
  • You can monitor key performance indicators and determine if they are indeed realistic
  • Business analytics enable better decision making across the entire organization with prebuilt reports, end user reporting tools, ad hoc queries, pre-built dashboards, pre-built performance metrics and analytics

Member Benefits

Member Benefits

  • Communication between the members and the pension office is greatly eased as information can be directly uploaded to the portal or sent to the members’ mobile devices via text
  • Members have ability to monitor monies deducted from salary to pension scheme via the portal thus enhancing transparency
  • Members are able to do “what if” analysis
  • Members are able to access their pension account information that would help them in decision making e.g. current benefits, projections, contribution history, balances, etc.

SIX INTEGRATED MODULES

Benefits Administration

Benefits Administration

The Scheme Setup and Administration module is at the heart of FundMaster Xi pension administration and has the below components:

  • Scheme Setup – this provides the tools for setting up new scheme according to trust deed and rules and further for the configuration of member benefits
  • Member Register contains the entire member listing together with their contributions
  • Pensioner Register includes all scheme pensioners. Pension payment management is done here

financial accounting

Financial Accounting

The accounting module features a fully-fledged accounting package that has functionalities to handle benefits and claims processing, statutory compliance, pension payroll processing and financial accounting. It features the following sub-modules

  • Accounts Receivable
  • Accounts Payable
  • Cash Management
  • General Ledger
  • Fixed Assets
  • Budgeting
  • Statutory Statements

Investments & Asset Management

Investments & Assets Management

Manages the investments and reports on the investments as per the various investments classes, including Real Estate, Equity, Government Paper, Commercial Paper and Corporate bonds, Offshore Investments, Long Term Loans, Fixed Term Deposits, Endowments e.t.c

  • Keeps the scheme Investments Register
  • Performs Investments Performance Monitoring
  • Tracks any movement in the investments portfolio
  • Performs tactical/strategic portfolio allocation
  • Performs unitization of investments
  • Manages the investments and reports on the investments as per the various investments classe

Member self service

Member Self Service

Some of the Benefits of Member Self Service (MSS) My Pension Online Portal to an already registered member is they will be able to:

  • View (Personal) and Update Contact information
  • View their (and totals) Contributions History
  • Perform a 'What-if-Analysis' to calculate take home in case of an unprecedented eventuality
  • Make Additional Voluntary Contributions via Mobile and Online Payment

Workflow Management

Workflow Management

FUNDMASTER Xi Workflow management system aims at distributing work by automating core processes in Xi e.g. movement, payroll processing etc.

This is achieved by routing tasks and documents to the users responsible for working on them, through sequential progression of work activities. The workflow system has been designed based on the Decision-chain process model that uses the milestones and decision points to map out the processes.

Reporting and Business Intelligence

Reporting & Business Intelligence

FundMaster Xi is supplied with standard reporting facilities to cover requirements that are common to most users including:

  • Scheme level reports for pension review and valuation extract
  • Member reports on individuals or a range of members
  • Retirement reports, including members approaching retirement or state pension date
  • Audit trail reports
  • File and letter reports