NEW YORK, April 5, 2016 (GLOBE NEWSWIRE) -- Wolters Kluwer Legal & Regulatory US and PensionPro Software announced today that they are partnering on a unique and cutting-edge solution that will help third party administrators (TPAs) streamline and optimize their retirement plan activities. The solution combines the robust intelligence of Wolters Kluwer's ftwilliam.com (www.ftwilliam.com) web-based government forms, plan document and compliance software and PensionPro's advanced workflow and business operations software. Used together, they will drive efficiencies that will enable TPAs to push their businesses to a next level of growth while meeting the needs of their customers in very meaningful ways.
"Through our ftwilliam.com (www.ftwilliam.com) product, we provide our customers the intelligence to understand what must take place from a compliance and regulatory perspective at any given point in time," explains Executive Director, Dom Cervi. "This powerful knowledge is supported by easy, integrated access to all forms and filing software that ensures TPAs stay efficient as well as compliant. Our partnership with PensionPro now enables us to combine these strengths with streamlined workflow and process capabilities that will offer TPAs tremendous time and cost savings across all aspects of their retirement plan processes. In addition, subscribers will have the peace of mind gained from access to our collective industry expertise. It is yet another way we are pushing the envelope to drive confident outcomes for our customers."
The combined solution 'hooks' ftwilliam.com's intelligence and forms with PensionPro Software's workflow tools, offering the following benefits:
• Reduced business risk through auto completion of processes with API hooks in compliance, document and forms software.
• Confident, proactive knowledge of deadlines and deliverables to help ensure advance notice and preparatory time.
• Use of connected data to identify plans affected by regulatory changes.
• Ability to quickly identify affected clients and send them relevant and timely information.
• Ability to efficiently navigate and sort data through a user-friendly and intuitive interface, with manager controls and real time status reporting.
By adding greater control, efficiency and intelligence to workflow, the comprehensive solution allows TPAs to focus attention on business building and customer service. In order to take advantage of the solution, TPAs must be subscribers to both Wolters Kluwer's ftwilliam.com product and PensionPro Software.
"The retirement plan industry has functioned for far too long without efficient access to important client data," explains Renee Conner, Founder and Chief Executive Officer of PensionPro. "The integration with ftwilliam.com is in keeping with PensionPro's founding philosophy and steadfast commitment to continue to open data and help our clients use that data to its full potential. Working together, we will create a unique competitive advantage for retirement services firms in a crowded marketplace."
About Wolters Kluwer Legal & Regulatory U.S.
Wolters Kluwer Legal & Regulatory U.S. (www.WKLawBusiness.com) delivers expert content and solutions in the areas of law, corporate compliance, health compliance, reimbursement, and legal education. As part of Wolters Kluwer's Legal & Regulatory division, our practical solutions help customers successfully navigate the demands of a changing environment to drive their daily activities, enhance decision quality and inspire confident outcomes.
For corporate compliance and benefits professionals, Wolters Kluwer Legal & Regulatory U.S. is a leading source of integrated compliance and risk management solutions. These include our ftwilliam.com and TAG (Technical Answer Group) products.
Wolters Kluwer Legal & Regulatory U.S. is part of Wolters Kluwer (www.WoltersKluwer.com), a global leader in professional information services. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance and healthcare rely on Wolters Kluwer's market leading information-enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world. Wolters Kluwer reported 2015 annual revenues of €4.2 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).
About PensionPro
PensionPro Software, LLC (www.pensionpro.com) is an industry leader in workflow management software for third-party administrators. Founded in 2010, PensionPro was created to help TPAs turn business assumptions and expectations into profits. In the increasingly complex world of pension management, PensionPro provides clarity through the innovative collection and organization of data. PensionPro products currently support over 100,000 retirement plans to track workflow and business administration across clients, departments, and locations.