Adeptia unveils tool to speed retirement enrolment data

Adeptia has launched Adeptia Automate for Retirement Benefits Enrolment, a product package aimed at financial services firms that manage retirement plan participant onboarding and data intake.

The company said the release targets record keepers and benefits providers that rely on data from employers, brokers and third-party administrators. Adeptia described retirement benefits enrolment as a multi-step process that often depends on manual checks across multiple systems and inconsistent data formats.

Adeptia said the new release centres on its Intelligent Data Automation platform. It said the product ingests enrolment data from different sources and formats. It then normalises and validates that information before sending it into record-keeping systems.

The company linked the product to operational pain points in the enrolment process. It cited fragmented data flows and manual workflows. It also pointed to inconsistencies across HR information systems, brokers and third-party administrators.

"Enroling new retirement accounts shouldn't delay funding, contributions, or participant access," said Charles Nardi, CEO, Adeptia. "But far too often, record keepers and benefits providers are forced to slow down because employee, payroll, and plan-selection data arrives fragmented, incomplete, and in different formats from HR systems, brokers, and TPAs. With Adeptia Automate, we are solving that problem to enable faster enrollment and better participant outcomes."

Product focus

Adeptia presented the release as a packaged accelerator for retirement benefits enrolment. It called the bundle the Adeptia Enrolment Accelerator. The company said it uses reusable templates and built-in validation. It also referenced compliance-ready deployment options.

Adeptia said the accelerator is available as a turnkey option through the Adeptia Automate platform. It positioned the product as part of a broader push to standardise and validate incoming data used by regulated financial services firms.

Data handling

Adeptia said it has experience handling sensitive financial, customer and third-party data. It said banks, insurers and other financial institutions use its tools to standardise and validate incoming information while meeting regulatory and compliance requirements.

The company also framed the approach around internal governance. It said its solutions create a shared data foundation across business and technology teams. It also referenced risk and compliance functions that manage controls around data movement and validation.

Market backdrop

Financial services firms that administer retirement plans often sit between employers, payroll providers, brokers and third-party administrators. Those relationships can produce fragmented data sets and repeated manual checks when participant records move into record-keeping systems.

Adeptia said its automation aims to reduce bottlenecks during intake and validation. It described the output as "record-ready inputs" for downstream systems.

The company said the product targets organisations that want to move away from manual processing. It also said customers want scalable data automation in areas where data arrives in different formats and from multiple external parties.

The accelerator will sit alongside its existing Automate offering. The company expects financial services teams to use the packaged templates and validation features as part of ongoing participant enrolment work.