System and Process Review

If you are a Trustee or Scheme Manager and your scheme is administered in-house we can help you by undertaking a thorough review of your Systems and Processes. This can be part of our Administration Review Service or a separate, specific review.

The way in which data items and administration systems work together can, to some extent, dictate the efficiency of your administration. An in-depth review of this particular aspect will focus your knowledge of where the risks lie in any automated process and your interfaces.

Our review is totally independent, is undertaken on site and provides a full risk review report. The scope of the review can be tailored to your requirements and help you comply with the Regulatory expections on managing risks and internal controls. Typical areas for review include system infrastructure, system calculation functionality, interfaces, system security, web enablement, work flow connectivity and imaging, data auditing, analysis and cleansing.

If you are considering implementing a new administration software package we can provide strategic advice and assist you to assess the market and suitable software providers. We can also assist with the management of the implementation project and undertake the data migration to the new system.

The benefits of ITM's approach

  • Our extensive knowledge of all administration software packages, interfacing, web and imaging software can help you make the most of your administration system or select a new package.
  • Our technology led approach links administration and systems from a practical viewpoint.
  • Our totally independent consulting advice can help you comply with the Regulatory expectations on internal controls and provide you with key strategic administration system advice.
  • Our suggestions provide you with both practical and cost effective solutions.
  • Our review report will provide a RAG status report on all procedural risks, highlight areas where there are cost saving opportunities and recommend risk and fraud prevention mitigation controls.