NEW YORK, May 17, 2016 /PRNewswire/ -- Vitech, a leading provider of group insurance and benefits software, announced today that the benefit plans of the UFCW & Employers Trust, LLC (UFCW Trust) have gone live with their new V3 system, running in Vitech's V3 Cloud.
The new system supports a range of core and ancillary benefits across a large base of groups and participants. Delivered functionality includes enrollment & eligibility, billing & remittance, direct pay, core administration, claims processing & payments, tax reporting, and financial accounting.
"We are excited by the success UFCW Trust and Vitech have had in partnership with their V3 installation," said Jamie Vitiello, Vitech's Executive Vice President. "We are particularly pleased this major project was delivered on time and on budget leveraging our V3 Cloud."
"V3 is now helping us deliver world-class customer service to our members, while simultaneously allowing us to streamline our operations for maximum efficiency," said Jacques Loveall, Chairman of UFCW & Employers Trust, LLC. "This project will help ensure that we continue to set the gold standard for the delivery of benefits for many years to come."
V3 is a scalable, configurable, administration software that addresses the complex needs of insurance, retirement and investment organizations. It is an award winning, contemporary technology solution available for on-premise or cloud-based deployments.
About UFCW & Employers Trust, LLC
The UFCW & Employers Trust, LLC, is responsible for administering seven Taft-Hartley health & welfare and pension benefit Funds. The Funds represented by UFCW Trust are as follows:
- UFCW & Employers Benefit Trust
- UEBT Retiree Health Plan
- UFCW Northern California and Drug Employers Health and Welfare Fund
- UFCW - Northern California Employers Joint Pension Trust Fund
- UFCW - Northern California Food Employers Joint Individual Account Trust Fund
- UFCW Pharmacists, Clerks and Drug Employers Pension Plan
- Retail Clerks Specialty Stores Pension Fund
The above listed Funds serve members in four different UFCW Locals. The Union Locals contributing to the UFCW Trust are:
- UFCW 8 – Golden State
- UFCW Local 5
- UFCW Union Local 648
- UFCW Union Local 480
The UFCW International Union is the largest private sector union in the United States, representing 1.3 million professionals and their families in retail, food processing, grocery, meat packing and other industries.
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, and offers a cloud-based application hosting option. For more information, please visit http://www.vitechinc.com.
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SOURCE Vitech Systems Group, Inc.