Capital Accumulation Plans Management App

MyCap Canada

Capital Accumulation Plans Management App

The Lalani Consulting Group Inc., established in 2010 as the brainchild of actuarial entrepreneur Minaz Lalani provides no less than innovative strategic actuarial and risk management consulting services.Canadian client who is a consulting Actuary based in Calgary, having 35 years of finance and insurance experience.

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Key problems

  • To create “Software as a Service” (Saas) web based tool.
  • To capture Capital Accumulation Plans in Canada (MPPMoney Purchase Plan, GRRSP,TFSA etc)
  • To capture information from the plan for analysis and benchmarking to determine retirement income and display result in graphical way.
  • To create prevalence and benchmarking reports

SOLUTION

  • NicheTech created Web Application with all the features which client wants and make Application User Friendly as much as possible.
  • It also provides employees with the capability to enter their personal data.
  • MYCAPTM will generates projection assumptions based on selected preferences for the advanced and expert users.
  • MYCAPTM has the ability to generate prevalence and benchmarking reports, and analyze CAP trends.
  • Employers are given the ability to produce customized comparisons reports against comparator groups

BENEFITS REALIZE

  • Employee can register from the front end.
  • Dash Board Shows the information of manage account, results screen and Plan summary.
  • Basic Result Screen  Estimate Pension on the basis of Base Earnings and Accumulated Balance of the current year.
  • Basic Result Report  show the basic result of all the necessary information.
  • Advance Result Screen and Advance Result Report.
  • Employer can  set up plan summary for the employee on Create Cap Set Up Plan Screen.
  • Admin can Subscribe for Plan List,Review Plan,Manage Content,List Plan Type Detail,List of Providers,Fund List,Manage User.

Development Process We Follow

Our design process follows a proven approach. We begin with a deep understanding of your needs and create a planning template.

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