Powerful Software Solutions
Administrators love how the power of PX3000™ gives them control over every step of the administrative process.
Powerful Software Solutions
Administrators love how the power of PX3000™ gives them control over every step of the administrative process.
PX3000™ Software Suite
Penad has been developing leading-edge administration solutions for governments, banks, insurance companies, unions, associations, TPAs, brokers and corporations since 1983. Penad provides a suite of modules to clients across Canada and in over a dozen countries in the Caribbean and internationally. PX3000™ includes the following powerful administration modules:
Defined Benefits (DB) Administration
Get control of the complex administration processes and tasks that are required to take care of the Members and Employers in a Defined Benefit pension plan or group of plans. From plan setup to Member enrollment to year-end processing and retirement transactions, PX3000™ DB has got you covered.
Defined Contribution (DC) Administration
Finally, a system that takes care of every aspect of DC plan administration, from plan setup to data loading for Members and Employers, to setting up multiple funds and investment options, to handling all contributions and surrenders, to comprehensive reporting, to managing an entire book of business.
Group Life and Health (GLH) Benefits Administration
Our Group Life & Health Benefits administration platform enables benefit plan sponsors to offer multiple group benefits from a variety of benefit providers (including self-insured benefits) to people who work for a range of employers. The system then calculates the premiums, issues invoices and manages receipt of funds, and even manages claims.
Civil Service (CS) Pension Administration
Penad offers a solution for civil service and government pension plans (DB, DC, and Hybrid) for every aspect of administration, from enrolling members, to tracking service and contributions/withdrawals, to processing transactions such as terminations and retirements, to annuitant payroll, to providing management reports and communicating with pension plan members.
Pensioner Payroll (PP) Administration
The Pensioner Payroll module handles the various pays to beneficiaries, including multiple payers, one-off payments, lump sums, periodic payments, COLAs, retroactive payments, claw-backs, tax handling, and alternate payees or split payments.
Social Security Benefits (SSB) Administration
Penad’s comprehensive Social Insurance Benefits administration platform enables national governments to track the social insurance accounts of all citizens along with their service, contributions, employers, payouts, and all the rules/legislation under which the social insurance system operates.
Online Access (WEB) Portal
Pension and Benefit plan members and employers can access their respective accounts and records via the PX3000™ Web Module. This is a fully responsive interface for use on PCs, tablets and smartphones and provides users with easy access to account information.
PX3000™ Implementation
PX3000™ is more than a software platform, it is a way of doing business. Our team works closely with yours to review the many variables involved and ensure that the system meets your requirements, keeping in mind your project’s budgetary and time constraints.
Do more in less time.
Case & Work Management
Your customer service people can do more! Track service requests and responses, issues tickets, build Workflows …
Document Management
Use the document imaging database to store ER and EE documents and files in our powerful document manager.
Reporting Solution
Extract data from any field and create reports via an easy-to-use visual drag n’ drop interface.
Learn About Penad’s Administration Solutions
Get in touch to schedule a demo and to speak about the needs of your organization.