CGI Wealth360’s Plan Administration and term manufacturing platform simplifies the complexity of Registered Plans and Term Deposits

Operational Efficiencies

Independent plan layer reduces duplication of business functions, while business services and APIs enable flexible platform integration

Regulatory Compliance

Consistently updated to adhere to regulatory and legislative requirements

Scalability and High Availability

Cloud-based and open architecture environment supports integration into sales and distribution channels

Flexible Term Manufacturing

Parameterized definition of Term Deposit features that can be used across various types, from simple bonus-rate to market-linked

End-to-end and friction-free for your front and back-office needs

REGISTERED PLAN PROVIDERS

Develop & deliver products quickly and economically

  • Reduce business function duplication

  • Integrate plan administration and term products into any sales & distribution channel

  • Support all federal and provincial registered (RRSP, RRIF, TFSA, RESP, RDSP) and non-registered plans

  • Enable plans to act as a central account for transactions, plan reporting, and taxation through a savings account component

RETAIL INVESTMENT ADVISORS

Manage front to back-end in one place

  • Administer operational processing requirements

  • Integrate into client-facing interfaces and external books-of-record

  • Manage multiple usage patterns (online & mobile banking, workflows, data mining & access)

  • Manage plan activity for multiple functional points including CRA, RQ and ESDC

GIC / TERM DEPOSITS / CERTIFICATES OF DEPOSIT PROVIDERS

Increase go-to-market speed

  • Leverage a reusable design to manufacture a product once and deploy across all plans

  • Develop new term products and tune interest rates in real-time

  • Support all fixed-term product types (simple and compound, step rate, index-linked and market-linked terms)

  • Customize discretionary interest rate amounts by rep, client type or deposit amount with controlled availability or limited time offers

CGI Wealth360 Plan Administration is a modular service-based platform providing comprehensive Plan Administration and Term Deposit Manufacturing & Record Keeping functionality to Canadian Wealth businesses.

CLIENT-CENTRIC PLAN ADMINISTRATION & ACCOUNT AGGREGATION

Consolidated view of all plan holdings

  • Client-centric design

  • Client information managed independently from plan accounts

CLIENT-CENTRIC PLAN ADMINISTRATION & ACCOUNT AGGREGATION

REGULATORY COMPLIANCE

Support Canadian federal & provincial legislative rules on deposits, payments and investments

  • Manage and administer deposit, payment and investment instructions and general ledger accounting

  • Non-registered and registered plans support (RRSP, LIRA, RLSP, RRIF, LIF, RLIF, PRIF, RESP, RDSP, TFSA)

  • Hold and manage multiple types of investments: cash, savings, term deposits

REGULATORY ADMINISTRATION AND REPORTING

Consolidated plan-level tax form XML, print file and summary reporting

  • Report income earned, accounts opened / closed / cancelled , redemptions, purchases, and transfers made during the taxation year

  • T5, T4A RESP, T4A RDSP, T4RIF, T4RSP, T550, RRSP contributions, TFSA submissions

  • End to end administration of RESP and RDSP Plans facilitating Federal and Provincial educational and disability incentives

TERM MANUFACTURING

Flexible and configurable product definition

  • Wide range of term product support (Regular, Step Rate, Index-Linked)

  • Pragmatic set of configurable, parameterized and reusable features

  • Create product once and deploy it across all plans

SAVINGS INVESTMENT

Manage all credit & debit flows

  • Interest payment at predetermined frequencies and rates

  • Targeted, time period-specific promotional interest rate offers set-up

  • One time and/or recurring scheduled deposits and withdrawals

  • Multiple deposit instructions (funds receipt from different source banks accounts, and transfers from other plans / institutions)

ACCOUNTING & INVESTMENT MANAGEMENT

Highly-auditable single administrative platform

  • Configurable, two-sided, flexible General Ledger relationship definition

  • Money movement reconciliation between plan account and investments

  • Consolidated holdings view supporting full complement of transaction types

  • Pro rata investment instruction by product, dollar amount or percentage

ACCOUNTING & INVESTMENT MANAGEMENT

WEB-BASED USER INTERFACE

Anytime, anywhere browser-based access

  • Platform-independent, HTML5-based responsive design

  • Remote access

  • Automatic updates

WEB-BASED USER INTERFACE

OPEN ARCHITECTURE

Ease of integration

  • Unified API to access multiple product types from a single access point

  • RESTful product components integration while still allowing for a huge variety of features

DATA ANALYTICS

Quick and efficient value extraction from large & complex data sets

  • Business user access to discover and blend multiple types and sizes of data

  • Access to all data to analyze and extract information for reporting to downstream applications

  • Make better decisions and take meaningful actions at the right time

DATA ANALYTICS