Pension fund administration systems

Flexible workflows with workflow management
PENSION AND HEALTH FUNDS USING IRF SOLUTIONS

Optimized and efficient operation

Solutions integrated to your existing system

INGRID system is a reliable and advanced administration solution that offers a number of advantages and opportunities to improve your funds. It enables efficient operation, accurate data management and improved customer service through comprehensive functionality, flexible parameterization and a workflow-based approach.

Pension fund digitalization from concept to operation

With INGRID, pension funds can optimize their internal processes, improve the quality of customer experience and easily adapt to the ever-changing legal and business environment. This enables them to operate more efficiently, increase their competitiveness and provide an even higher quality of service to their customers.

Ingrid administration system

The system provides unified functionality for the pension fund administration, finance, accounting, controlling, customer service, investment management, filing, service and member management teams. Around 50 predefined workflows, which can be modified as required, are stored in the system and cover all the fund's business processes (entry, switch, service request, settlement, etc.). The system ensures fast and predictable business processes, efficient task allocation and processing, as administrators are required to perform tasks related to specific cases, resulting in accurate and error-free record keeping and high quality, prompt customer service. The system is managed by administrators and users through logical, web-based user interfaces. The use of INGRID results in significant labor savings, which in turn leads to cost savings. The well-designed logical architecture allows flexible and cost-effective tracking of changes in the legal and business environment.

INGRID is an integrated system that brings together separate, independent sub-systems into a coherent, unified system, with all functionality focused on a common user interface and linked in a process flow. Some of the subsystems and their modules can be used by the treasuries on a case-by-case basis, independently, extending the functionality and efficiency of their existing systems.
The system is fully workflow- and task-based, according to the unified concept, with all administrative and management activities being are broken down into subtasks, which are automatically distributed and scheduled among the members of the team with different roles. This approach ensures that the internal functioning of the fund can be optimized, monitored with measuring individual and collective performance. The workflows and the overall system can be customized and modified as required at each fund.

IT security compliance

INGRID is fully compliant with security, legal and administrative requirements.
  • Legal compliance Mpt. § 77/A, § 40/C, Recommendation No 8/2020 (VI.22.)
  • Internal documentation and IT security policy
  • Application of industry standards and recommendations
  • Data protection
  • Logging, access management
  • OWASP TOP 10, Penetration test

Parameterization

Flexible and customizable solution for pension and health funds, without software development.
  • Complex user right settings
  • Customizable workflows
  • Ability to manage any financial event
  • Customizable analytics, entitlements
  • Possibility to create controlling dimensions
  • Traceability of operational changes

Integrable modules

Independently implementable solutions for optimizing pension fund operations

Workflow automation

Digitize document management and automate customer service workflows! Automated controls minimize errors, helping administrators in their daily work. Workflows can be customized to ensure that the customer service system is automated (workflow automation).

Multi-channel customer relationship management

The module records, evaluates and accounts the fund's investment instruments. The system manages a detailed transaction file based on master files broken down by type of investment instrument, resulting in a stock list that can be retrieved for any given day. The module also manages transactions carried out by asset managers, as well as fund management.

Data services, ad-hoc reports

In addition to providing reliable data to management, our Business Intelligence solutions, optimized specifically for pension funds, also address mandatory monitoring reports. The reporting system also allows the generation of marketing lists for deposit incentives and additional marketing campaigns.

Additional modules

Entitlement management and audit

Individual account transactions and registry

Bank/Transfer

Scheduled processing control module

Portfolio management, liquidation unit management

Member fee allocations

PMT client management (members, heirs, employers, etc.)

Supplier account registry, account management

Controlling

Records and document management

Multi-channel customer relationship management

General ledger management

Implementation example

Full pension fund implementation

Implementation methodology

IRF Solutions' implementation project methodology guarantees the efficient and successful implementation for pension funds. Our methodology is based on modern software technology, which allows flexible and customizable implementation. The detailed project plan is developed considering the real requirements and testing results to ensure a smooth and efficient project process.

Data migration

IRF Solutions has decades of experience in pension fund data migration. Our methodology ensures accurate and secure data migration, where we work with pre-designed migration structures and procedures. Our data migration documentation is detailed and compliant with MNB requirements, guaranteeing reliable and controlled data transfer.

Laying the foundations for a successful implementation

The initial phase of the project involves a thorough assessment and planning based on consultations with the fund. This involves planning the implementation of the system and the migration of data, taking into account the reconciliation of the data structure and the preparation of the migration. The migration and system installation is also started at this stage in IRF Solutions' internal environment.

Basic parameterization and data migration

The next phase of the implementation is the installation of the system and the basic parameterization. In addition, data is transferred, checked and loaded in a structure agreed during the planning phase. During the test data migration, we ensure that the data is transferred reliably and accurately, in preparation for testing and optimizing the system's performance.

Technological basics

JavaScript

Our expert team has extensive experience in the use of JavaScript, which is key to developing dynamic websites. We apply the latest web development trends and best practices to ensure that our code is up-to-date and easy to maintain.

CSS3

Our experts have years of experience in using CSS3 to design and build stylish, responsive websites. Using CSS3 features such as animations and transitions, we can create sophisticated and interactive design elements. The expertise of our developers allows for flexible and modern web layouts.

React

Several members of the team have in-depth knowledge of the React framework, enabling the creation of fast and efficient user interfaces. The framework's virtual DOM (Document Object Model) based approach allows fast and efficient application updates.

Angular

IRF Solutions development team has gained significant expertise in the use of the Angular framework. We develop complex web applications using a wide range of tools based on TypeScript. Using Angular, the data management, user interface and application logic are well managed.

Bootstrap

Our developers use Bootstrap framework to develop responsive and mobile-friendly websites and applications. By using pre-designed components and helper classes, the team creates web projects with a sophisticated and consistent user experience faster.

HTML5

Our developers are also naturally proficient in HTML5, ensuring that the structure and content of your website is implemented correctly. Our team keeps abreast of the latest developments in HTML5 and web technologies, so we can always offer our clients the most up-to-date and innovative solutions. We use semantic elements to facilitate search engine optimization (SEO).

Java Spring Boot

Java Spring Boot is a universal framework that our team of experts prefer to use when developing Java-based applications. Spring Boot allows us to quickly and easily develop and test enterprise applications using best practices and robust technologies. Spring Boot helps minimize development time with flexible configuration options, allowing us to respond quickly to changes in business needs and deliver optimized solutions.

Docker

Our company makes extensive use of the Docker opensource platform, which allows us to easily build applications and their dependencies, allowing our customers to deploy them independently. With Docker, we can easily ensure consistency across different environments and deploy our applications quickly.

Oracle Database

Oracle Database, on which we build our own systems, is an enterprise-class relational database management system (RDBMS) that delivers superior data integrity, security and performance. Oracle offers a range of advanced features and tools (partitioning, performance tuning, etc.) that our experts leverage for efficient database management. Oracle Database is the ideal choice for enterprise applications where data volume and availability are key.

What are the benefits of the system?

Maximize your efficiency and competitiveness with the innovative features of the INGRID system

Full functionality

INGRID system offers a wide range of functionality in the field of fund management. Basic and background registries, entitlement management, document management, bank account transactions, bank transfer management, supplier account management and other important administrative tasks are all included in the system.

Workflow based approach

INGRID system has a workflow-based architecture. This means that fund tasks are divided and scheduled between members of work teams, which optimizes fund operations and allows efficient and accurate processing. Workflows can be monitored and controlled, which improves the quality of customer service and the transparency of internal processes.

Flexible parameterization

INGRID system offers a wide range of parameterization options, allowing funds to tailor the system to their specific needs and practices. Parameter setting does not require software development, allowing funds to easily adapt to the changing legal and business environment.

Statements and reports

INGRID system offers a range of pre-defined reports and statements to help funds visualize data and information. The statements and reports provide greater transparency and better decision making for the fund, as well as the ability to create their own custom reports and statements, so funds can tailor the presentation of information to their needs.

Security and privacy

INGRID pays particular attention to security and data protection. It is equipped with strong security measures and data protection mechanisms that meet the strict requirements of the financial sector, ensuring the protection and security of the data of the fund and its clients, as well as compliance with legal requirements.

System implementation project

Optimal cost, maximum results!

Domain knowledge based expert team

With decades of experience in the pension fund industry, IRF Solutions understands its clients' needs precisely and offers customized solutions that maximize the return on investment. Our extensive technological competencies and expert team ensure that we have all the resources you need for successful digitalization. At IRF, experience, expertise and technological innovation come together to ensure efficient and results-oriented digitization solutions.

Flexible resource expansion options

Our service is the perfect solution for pension funds to expand and complement their expert resources on a temporary or permanent basis. IRF Solutions' team of experienced and respected professionals can immediately get involved in ongoing projects and add value by contributing new expertise, technical knowledge and fresh perspectives to the development process.

Interfaceable online solutions

Pension Fund Online Systems

One click away from everything! The portal and mobile app's self-service features fully replace customer service interactions, with an intuitive and modern user interface that gives you quick and easy access to all the information you need, whether it's account balances or transactions. The Employer Portal allows companies to easily meet their data reporting obligations and manage their employee base. Custom-designed websites with high security standards work seamlessly on all devices.

Our technology services

Frontend development

IRF Solutions' frontend development services guarantee not only a stunning experience but also a successful online presence.
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Backend development

High-performance, scalable and secure server-side solutions to keep your applications running smoothly.
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Devops infrastruktúra fejlesztés

Infrastructure, development and operations optimization for faster, more efficient and continuous software development and deployment.
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UX-UI design

We focus on designing intuitive, aesthetic and easy-to-use applications to optimize user experience and interface.
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Webapp development

We offer custom responsive web application design and implementation using state-of-the-art technologies and frameworks.
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Website Building

We offer the creation of professional, responsive and search engine optimized websites that perfectly serve our clients' business goals.
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Our team

Knowledge and collaboration

Our versatile and dedicated team

Az IRF Solutions büszke sokoldalú, kreatív és eredménycentrikus munkatársaira, akik az iparág legkülönbözőbb projektjein dolgoznak együtt. UX/UI tervezők, frontend és backend fejlesztők, minőségbiztosítási tesztelők, valamint termék- és projektmenedzserek alkotják az összehangolt csapatot, amely a hatékony és sikeres projektek záloga.

Collaborating experts

The team of experts at IRF Solutions is always collaborative and thinks together to deliver projects. Communication and collaboration are essential elements of the workflow that help to manage projects effectively and achieve successful results.

FAQ

Helpful answers to frequently asked questions.

Interested in INGRID pension fund
administration system?

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IRF Solutions Ltd.
25. Angyalföldi str., 1134 Budapest, Hungary.
Company registration number: 01-09-363158
Tax number: 10953363-2-41
www.irf.hu
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