Solutions
Standard Data Corporation provides excellent ASP and In-House solutions for Benefits Administration and Processing, and ASP and In-House Electronic Content Management Solutions.
Our ASP product offerings provide web-based fully-hosted solutions, with extensive administration services. All of our solutions are easy to implement, and a team of dedicated professionals carefully manages each project.
Benefits Administration Solutions - Standard Data Corporation provides interactive Participant Service Modules that are Web-Based, IVR Based, and traditional CSR Based modules to address enrollment, establish, verify, calculate and report eligibility status, administration and directing of remittances and contributions, calculation and payment of pension and annuity retirement benefits. We also offer various supplemental integrated Benefits Administration modules.
Electronic Document/Content Management Solutions - Our Integrated Electronic Document/Content Management Solutions are comprehensive products designed for the capture, complete management, storage, and retrieval of any document or digital asset. Product functionality addresses every aspect of information management with a high level of user-based custom functions, scalability, and adaptability. Advanced indexing, workflow, automation, COLD, and Web-based remote connect are available product options. These powerful products are easy to install and manage.
Please refer to our Services section for more information regarding our service offerings
Remittance Processing
Standard Data Corporation's automated Remittance Processing System is an integrated platform module that provides quick access to plan participant and employer Remittance information. This sophisticated processing system is easy to learn and easy to use, and is available as a web-based, fully hosted ASP offering.
Standard Data continued to grow quickly, as did its ability to provide solutions for larger companies and additional markets. In 1994, the company acquired its Image Processing Center in Ewing, New Jersey, and then just two years later established its first offshore data processing operation in Montego Bay, Jamaica, West Indies. In 2006, SDC relocated its offshore processes to Hyderabad, India and Manila, Philippines to further expand our data processing offerings.
Standard Data Corporation’s company logo, a Keystone, reflects SDC's commitment to deliver Keystone type solutions and support by which associated elements of a business may depend. For centuries, the Keystone has symbolized the element of integral strength in a unified solution. It is Standard Data Corporation’s mission to perform to that extreme degree of reliability. The numbers inside the keystone represent a historical reference to IBM's original data processing cards.
Eligibility Verification
Standard Data Corporation's Eligibility Processing System is an integrated platform module that provides quick access to participant eligibility and benefit information. This sophisticated system is easy to learn and easy to use, and is available as a web-based ASP offering.
SDC's system provides on-line eligibility verification and maintenance for plan participants and dependents. Current eligibility status is automatically determined and is interactive with any other part of our system. Complicated rule amendments are easy to input and easy to implement.
The Standard Data Corporation Eligibility Processing System provides the following functionality (partial listing):
- Date Sensitive On-line Eligibility Inquiry
- Eligibility Computation Based on Hours or Dollars
- Full Member and Dependent Eligibility Maintenance and Data
- Distinct Calculations For Multiple Plans
- Maintaining and Tracking Eligibility Changes
- Extensive Print Reporting with Statistics
- Overdue/Late Contribution Reports
- Member ID Cards
- Electronic Feeds to and from Third Parties
- Comprehensive COBRA Processing System
- Self-Pay Functions
- Interactive Voice Response Interface
- Web-Based Inquiry Functionality for Remote Users
- Web-Based Inquiry Functionality for Plan Participant
- Correspondence Module (COBRA, loss/gain, and plan change notices
- Retiree Drug Subsidy Processing
Pension Plan Processing
Standard Data Corporation's Pension Processing System is an integrated platform module that provides quick access to participant pension information. This sophisticated system is easy to learn and easy to use, and is available as a web-based ASP offering. Plan recipients may elect our direct deposit feature for secure and convenient access to plan distributions.
SDC's Pension Plan Processing System provides the following functionality (partial listing):
- Pension Tracking, Reporting, Calculation, Check Disbursement System
- Credit History with Display and Maintenance of Monthly Detail
- Pension Eligibility
- Extensive Calculation Features
- Multiple Plan Benefit Calculations
- Benefit Award Estimates
- Comprehensive Actuarial Reporting
- QDRO Processing
- Pensioner's Beneficiary Tracking
- Check Production (automatic and manual) (MICR) w/Reconciliation Processing
- Reporting and Information Processing includes: 1099R, letters, reports, statistics
- Updating of Employer Contributions and Hours in Individual Member Records
- Creation of Annual Pension Benefit Statements
- Assistance to Auditors of Pension Plans
- IRS 1099 Production
- Web-based Particpant Inquiry
- Interactive Voice Response Interface
- Document Imaging Interface
- Preparation and issuance of Pensioner Benefit Payments through Direct Deposit/EFTS
- Preparation of Death or Termination Benefits
- Preparation of Income Tax Reporting Forms
- Preparation of Actuarial Valuation Informatio
Annuity Processing System
Standard Data Corporation's automated Annuity Processing System is an integrated platform module that provides quick access to participant Annuity information. This sophisticated processing system is easy to learn and easy to use, and is available as a web-based ASP offering.
SDC's Annuity Processing System provides automated functionality designed to help eliminate common errors and ensure that correct data is provided to participants and insurance carriers.
SDC's Annuity Processing System provides the following functionality (partial listing):
- Member Account Display by Social Security Number and Name
- Individual Account Maintenance with Automated Yield and Expense Calculations
- Flexible Fund Valuation
- Annual Account Statements
- On-line Loan Application, Tracking and Multiple Loans Processing
- On-line Termination Application Tracking, and Processing
- Automated 1099 Processing
- Year-to-Date Functions
- Extensive Check Processing Functions
- Web-based Participant Enrollment, Loan Application, and Inquiry
- Interactive Voice Response Interface
- Document Imaging System Interface
- Web-based remote User/Participant inquiries