Arkansas Retirement Fund Goes Live with V3 System

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Feb 10, 2015, 11:30 ET

NEW YORK, Feb. 10, 2015 /PRNewswire/ -- Vitech Systems Group, a leading provider of group administration software to the insurance, retirement, and investment industries, announced today that the Arkansas Public Employees Retirement System (APERS) has gone live with Vitech's V3 System on time and on budget. The go-live, which is phase 1 of a multi-phased implementation, provides APERS with electronic content management (ECM) functionality to serve over 50,000 active members, 29,000 retirees and 720 employers. The implementation at APERS utilizes the V3 Hosting environment, eliminating the need for any on-site system footprint at APERS.

"We are pleased to see the positive impact that V3 ECM is already making at APERS - the project's success is a great tribute to APERS' vision and the hard work of our combined teams," said Karen Stevenson, Vice President at Vitech.

"This is an exciting first step in our over-all implementation of Vitech's V3 System. Not only are we able to use the V3 System well in advance of our primary Line-of-business roll out, we are seeing real improvements in our daily processes," said Phillip Norton, Information Systems Manager at APERS.

The V3 System is a highly scalable and configurable administration solution designed to meet the unique needs of insurance, retirement and investment organizations. Built on highly contemporary technology, the V3 System is a browser-based system that includes native functionality for business functions including billing, enrollment, benefit calculations and self-service as well as enterprise functions including workflow, CRM and imaging capabilities.

About the Arkansas Public Employees Retirement System

The Arkansas Public Employees Retirement System is a multi-employer defined benefit retirement plan for State of Arkansas employees. Its mission is to provide retirement benefits to retirees, survivors, and disabled members of the system. To this end, the system prudently invests all contributions received, monitors reporting by participating employers, maintains records, and disburses monthly benefit checks to all those entitled.

About Vitech Systems Group, Inc.

Vitech Systems Group, Inc. is a leading provider of administration software to insurance, retirement and investment organizations. Vitech provides its clients with proprietary enterprise software, related implementation services and ongoing support. For more information, please visit www.vitechinc.com.

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SOURCE Vitech Systems Group, Inc.