Business: Insurance

Innovest Systems Launches Participant Payment Portal for Defined Benefit Retirement Plans

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Innovest Systems, LLC


NEW YORK (PRWEB)

Innovest Systems announced today that it has launched its Participant Payment Portal, a web portal developed for participants in defined benefit retirement plans. The portal allows plan participants to view payment information and make updates to their personal information. The Participant Portal is already live and currently in use.

The Participant Payment Portal was developed in response to client requests for direct access for defined benefit plan participants. The portal leverages Innovest’s existing secure InnoVue3.0 infrastructure which allows for client branding, end-user self-registration and client configurability in terms of which components are displayed to end-users. The portal leverages responsive design and can be accessed through any type of device.

“We are proud to have been able to launch our Participant Payment Portal in under a year. Our existing infrastructure makes the rollout of new products and features much simpler than most other platforms. The team did an excellent job and we’re getting great feedback from current and prospective clients,” said Joanne Smith, chief operating officer of Innovest Systems.

The Participant Payment Portal allows users to view current, year to date and historical payment information, access plan documents and tax forms, view tax withholding status, update address information, update distribution destination details and split distributions to multiple destinations as applicable. The Participant Payment Portal went live in September 2019.

ABOUT INNOVEST SYSTEMS

Innovest Systems, LLC is a leading provider of financial technology solutions delivered to forward-thinking trust, wealth management, and retirement professionals. Innovest’s solutions empower its clients to acquire new customers, invest assets effectively, manage trust and investment portfolios efficiently, and flexibly report results to customers. Innovest has over $600 billion in assets under administration on its trust and wealth management platform servicing over three hundred global financial institutions.

The Innovest Trust & Wealth Management Solution provides a Software-as-a-Service (SaaS)-based principal and income accounting, investment management and reporting system for institutions that need to control, account for and report on assets held in trust, wealth and retirement accounts. The Trust & Wealth Management Solution is comprised of the InnoTrust and InnoVue offerings from Innovest. InnoTrust is browser-based and is the core application deployed by Innovest to support the accounting and reporting needs of banks, trust companies, wealth management firms, retirement plan administrators and custodians. InnoTrust is also webservices/API enabled to more readily integrate with internal programs and third-party applications. InnoVue is browser-based and provides access for end clients to view account information anytime, anywhere.

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