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eHorizon Pension
Many companies safeguard the future through group life and pensions benefits for their employees - this need not be a tremendous task.
eHorizon Pension can give fund management companies the power and control over their portfolios so they can plan for a good investments with high returns.
eHorizon Pension is part of the eHorizon ERP, an integrated set of applications, which is designed to transform your business to a strategic force in today’s fast-moving corporate arena.
Major Modules: Contribution and Payments
eHorizon Pension handles the receipt of contributions from employees of various institutions, and computes interest and penalty as required. It is suitable for fund management companies such as insurance brokers/agents, insurance companies and retirement authorities.
The system also computes the pension payable to every contributor depending on the type of retirement involved and term of contribution, with each retirement having a different mode of calculation. The computation of lump sum payment and tax deductible is also processed by the system as per the rates set in the set up tables.
Furthermore, the contribution module allows the user to generate a wide variety of reports ranging from a Contributors Listing and Penalty Calculation Report to a Payments Received Report.
Key Features
Not only does our system manage your day-to-day business procedures, but it also allows you to report on every aspect of policy by providing online inquiry features. Furthermore, it allows you to collect premiums/contributions whenever they are due and pay off claims in the shortest time.
eHorizon Pension also has a high level of security that enforces group/user level restrictions on the file systems and associated directories. The system also has a high level of audit that provides a log of how data is changed by authorized users of the system.
Other features include:
- Computation of commissions, reinsurance and taxation by a mouse click
- Definition of free cover limits value among others.
- Detailed deposit administration module
- Automatic computations of expected maturity values
- Online vetting of claims
- User defined vesting scale
- Parameter driven e.g. define/change commission rates as required
- Quotation preparation and printing
- Withdrawal and registration management
- Policy renewals and extensions management
- Define and manage user access
eHorizon Pension in Action
eHorizon Pension has been successfully implemented at the Kenya Local Government Superannuation Fund (KLGOS Fund). The KLGOS Fund have improved their data management, thereby greatly reducing the difficulties in maintaining contributors and pensioners record. Furthermore, the KLGOS Fund is now able to provide key information accurately and more rapidly to the contributing employees from the Local Authorities.
Contact Details
For more information on this pension management system, please contact us either by telephone on 7122971/2/3, or by email at marketing@stl-horizon.com
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