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1 October

FIS Publishes Spectrum Business Process Automation Case Study

October 1, 2018 By Petros Koumantaros Announcements automation, 401k, recordkeeping, case study  

FIS, a global leader in financial services technology, published a case study which featured Spectrum's innovative use of FIS Relius Administration Straight-Through Processing technology to automate its business processes, improve quality, and realize significant operational efficiencies.

The case study explained Spectrum's challenges of working through multiple financial trading partners. Each trading partner's unique processes, systems, and technology forced Spectrum to adopt manual processes. While flexible, manual processes were prone to user error and were impediments to scale. With an eye on growth, Spectrum sought solutions and envisioned, "touchless automation."

Spectrum's solution levaraged Relius Administration Straight-Through Processing from FIS, Crystal Reports, and various Microsoft Azure resources. By developing around its touchless automation vision, Spectrum realized:

  • 150% capacity increase in daily plan processing,
  • 80% to 90% routine data entry task elimination, and
  • 25% to 50% reduced time reconciling cash activities.
The full case study is attached to this article. 

Attached Files

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