Careful evaluation and implementation of critical software products is crucial for any pension fund. This is the only way to ensure that such products are efficient, secure and user-friendly. The evaluation of suitable software for the management of policyholders, for example, forms the basis for efficient and secure administration of benefits and claims under the policy. Given the inherent complexity and sensitivity of the data, it is essential to choose a software solution that not only meets current requirements, but is also future-proof.
Implementing this kind of software is a complex and demanding task, which requires in-depth, specialist knowledge and extensive practical experience. Our experts here at PwC Switzerland have successfully supported numerous pension funds in this journey. With our extensive expertise, we can ensure that your pension fund, too, will select a tailor-made solution that is perfectly tailored to your needs. With our help, you’ll minimise potential risks, reduce implementation time and ensure smooth integration into existing systems. This will ultimately lead to increased operational productivity, improved data integrity and greater end-user satisfaction. By taking a planned and methodical approach, the pension fund can ensure that the solution chosen meets the legal requirements and enables benefits and insured events to be managed reliably and efficiently in the long term.
Support during the process
The main activity of our experts includes assisting with the development and review of concepts, documents and anything else that is used as a basis for decision-making. PwC can provide active support to the project managers in the project team and assist them with project management tasks, or even take over these tasks completely. Our established, methodical approach is agile in that the level of responsibility for the individual phases and the associated tasks for PwC, the pension fund and the software provider can be defined individually and flexibly.
Project process
We rely on our established methodology, based on our many years of experience in carrying out software evaluations. This methodology is divided into five phases, which are described in more detail in the following sections. The respective phases are supported by continuous project management, change management and quality assurance measures.
General benefits for the pension fund
The correct choice of software and its successful implementation are crucial for the cost-effective and efficient running of the pension fund. Enlisting the support of our experts in this process can bring the following benefits:
Software requirements
Pension fund software musts offer a variety of functions in order to handle the specific requirements and tasks efficiently. Below are the main functions and features that this type of software should have:
- Management of member data
- Calculation of contributions and benefits
- Financial management and accounting
- Regulatory reporting and compliance
- Compliance with data protection laws
- Interfaces
- Customisable modules
- Updates and extensions
By providing these and other functions, pension fund software can significantly enhance administrative efficiency and accuracy, increase transparency and improve overall satisfaction among policyholders.
Why PwC?
PwC is your reliable and competent partner in the evaluation of software for pension funds. Our highly motivated team will provide you with straightforward and practical support, while maintaining open and transparent communication. We ensure that our expertise from similar projects (in particular knowledge with regard to requirements concerning policyholder management as well as the confidentiality, integrity and availability of data and information) is brought into the project. In this way, we help to ensure a lasting relationship between the pension fund and the new software solution.
