The pension business of today puts more demand on operations than the pension business of yesterday. Volatility with respect to employment and more frequent changes in consumer's personal lives - combined with regulatory compliance challenges - are increasing the overall cost of operations, leading to revenue erosion.
The traditional technology approach, which was for pension companies to invest in core systems, is out of pace and does not support the increased work demands driven by today's market conditions. With work volume on the rise, companies have been forced to hire additional staff, resulting in increased costs that continued to eat away at margin.
With an understanding that the right business process management software can drive down the cost of operations, leading pension companies today are taking a different approach. Appian offers the platform necessary to bring stakeholders from the front office, back office and outside sources together to improve operational efficiency. Our low-code app development platform establishes a foundation for digital transformation that can blend operational gains with regulatory requirements to help pension programs get costs under control.
Check out the infographic below to learn more and download the new Digitizing Pension Operations to Drive Margin eBook!
