Andesa Services Inc., a provider of comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers, has added a client portal to its ADASTAR Q+ plan administration system, which facilitates the easy download and retrieval of reports and other documents.
Officials with Andesa Services said the portal enables distributors or carriers using the ADASTAR Q+ system to better service their plan administration clients by having the ability to automatically post any BOLI/NQDC report or document,as soon as it is available, to a secure internet portal accessible only by authorized users.
According to company officials, this modern portal technology provides clients of the distributors and carriers with immediate, secure and timely access to those valuable and sensitive reports and documents, eliminating all delays related to direct mail or e-mail distribution.
Company officials said the portal significantly reduces the security risks associated with mailing hard copies or e-mailing electronic versions of reports containing sensitive data.
“We are extremely excited to provide this new service to our clients,” Vince Collier, executive vice president of Andesa, said in a statement.
Collier said it will enable them to streamline their month-end and year-end reporting processes and reduce the time and effort devoted to the creation and distribution of time-sensitive reports for their clients.
“We know the consumers of these reports, such as banks and corporate plan sponsors, will value the speed and flexibility of being able to retrieve their reports the moment they are complete,” said Collier. “This is just one of a number of enhancements planned for our plan administration solution that will enhance our clients’ ability to continually improve their service offerings.”
Back in July, Andesa Services had announced that Lincoln Financial Group, a nationally recognized diversified financial services company, has contracted for the implementation of Andesa’s Participant and Policy Owner Portal System (POPS) to support its executive benefits division.
Andesa’s latest suite of services will enable Lincoln to provide streamlined transaction capabilities, including internet-based enrollment and automated new business submission, as well as providing a way for users to manage policies in a self-service model.
Edited by Braden Becker