TACOMA, Wash., June 27, 2017 (GLOBE NEWSWIRE) -- Spectrum Pension Consultants, Inc. (Spectrum), an independently owned licensee of Alliance Benefit Group (ABG), is pleased to announce the success and enhancement of four simultaneous engineering projects.
With the firm headquarters located less than 50 miles from the Microsoft campus, Spectrum and its development team have been attending user group seminars and conferences over the past year and successfully integrated the Microsoft product lines into the Retirement Plan Industry full of proprietary systems. Four major projects took place in 2017:
- Deployment of Spectrum Plan Intelligence™ a Microsoft PowerBI big data visualization dashboard where Plan Sponsors and Advisors can view imperative data from retirement plans. Data was securely and successfully transferred from the FIS Relius ASP Cloud to the Microsoft Cloud. Spectrum has licensed this front end dashboard to over 10 other FIS Relius users in the Industry, improving the Open Architecture Recordkeeping firm community.
- Development of Spectrum Cash Database™ a Microsoft SQL database in Microsoft Azure of Retirement Plan fund shares, positions, and cash balances by retirement plan custodian to more effectively manage cash. Push notifications allow FIS Relius users to only focus on the reconciliation projects necessary on a daily basis.
- Integration of DocuSign into Spectrum's record setting sales team for the signing of master service agreements, scope of work documents, and appendices improving sales closing cycle times by double digits. All three of Spectrum's physical offices (Tacoma, WA, Honolulu, HI, and Fresno, CA) have closed more business proportionately because of DocuSign.
- Installation of MyRetirement, an FIS Relius dashboard visualization tool assisting participants with understanding retirement goals, outcomes, and on-track status. This product also enhances our advisors' ability to provide one-on-one meetings with participants, and has been tremendously well received.
"I have personally attended more than 5 Microsoft conferences, working with colleagues and developers from all over the world who come to our back yard here in Seattle or Bellevue, Washington to learn, teach, and develop the future of technology and computing. Microsoft has really stepped up as a proven leader in the big data visualization world with Microsoft PowerBI," said CEO Petros Koumantaros. Yannis Koumantaros, who is Spectrum's CFO, commented, "At first I was skeptical about investing time and resources from our most talented staff to pursue a Technology division of Spectrum. However, after seeing what we have developed and now licensed to other Microsoft PowerBI and FIS Relius users, I cannot wait to see what our team comes up with next."
About Alliance Benefit Group (ABG)
Alliance Benefit Group (ABG), founded in 1992, is a consortium that provides services to over 22,000 Plans, more than 1.2 Million Participants, and administers north of $64 Billion in plan assets. Spectrum is the first west coast ABG affiliate, and the only firm west of Utah to be part of this consortium. Learn more here: www.abgnational.com.
About Spectrum Pension Consultants, Inc.
Spectrum is a leading service provider to employers sponsoring various retirement, deferred compensation and other employee benefit programs in the western United States. Spectrum's services are tailored to the specific needs of each individual client and include: consulting and advice; plan management and administration; and employee communication and education services. Additional information about Spectrum is available at the company's web site: www.spectrumpension.com.