Retirement

Retirement plan providers, third-party administrators, and recordkeepers use Spark to offer innovative solutions to plan sponsors and participants. In today’s new dynamic era of lifetime income in retirement plans, the traditionally disparate worlds of investments and insurance can be bridged in seconds with Coherent Spark.

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Retirement plan providers, third-party administrators & recordkeepers use Spark for:

Accumulation/ decumulation investment models and advice tools

Integration of lifetime income solutions into legacy systems without coding

Innovation in product pricing for lifetime income products with enhanced liquidity and portability

Investment portfolio Monte Carlo analysis and recommendations

Defined contribution pricing, compliance testing automation, and plan design solutions

Quick and easy mobile applications, dashboards, and calculator tools without big investments in time and budget

Excel-to-API Leads to ROI

Coherent Spark can dramatically accelerate underwriting, rating, issuance, claims—and any other process leveraging Excel-based logic such as rules, calculations, or data of any complexity. To see how Spark works for rating, check out our customer case study featuring a new rate plan launched 6x faster than the traditional process.

More Sophisticated Solutions in Less Time

Whether you’re looking to seize new retirement plan opportunities created by the SECURE Act 2.0 or to offer advice solutions to help retirement savers stay the course in today’s market volatility, speed matters. And with the growing demand for hyper-personalized investment options, now is the time for smarter, more sophisticated in-plan retirement income solutions, such as managed accounts and fixed annuities. Don’t miss the moment to get into the market faster than the competition, with models that go from Excel to integration-ready as fast as you can drag-and-drop.

How it works: All you need to know is Excel

Step 1

Build

Build your algorithms into Excel-based models—with any number of inputs or calculations

Step 2

Tag

Tag your inputs and outputs in your Excel file

Step 3

Upload

Test and simulate product changes in Spark including new algorithms for new industry lifetime income solutions

Step 4

Return

Spark generates application programming interfaces (APIs) for easy integration into other systems (including recordkeeping systems, participant websites, illustration tools, etc.)

Step 5

Analyze

Modify products as needed, with changes available in real-time

Meet Plan Sponsor and Participant Needs Faster

Success with Spark leads to greater optionality for retirement plan sponsors and hyper-personalization for their participants. Yet that sophistication is easier and faster than you ever thought possible. Turn your retirement business aspirations into reality without the cost or roadmap that typically comes with transformative projects. That’s transformation without disruption.

Get a head start on ESG compliance & reporting
Spark allows you to extract relevant information and update your ESG (Environment, Social and Governance) models easily on Excel.
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Boost control & governance within EUC
Spark’s strong audit capability for re-runs and data validation helps you manage EUC (End User Computing) business models and run extensive tests across different scenarios.
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Manage complex financial models directly from Excel
Spark empowers you to effectively control and manage your complex financial models on Excel with seamless and secure integration to your cloud systems.
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Manage risk models securely
Spark manages risk models securely on a central control environment to facilitate speedy model validations and reporting through strong audit and testing capabilities.
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Ready to get started with Coherent Spark now? Visit our marketplace listings with AWS or Microsoft to get access immediately. Snowflake listing coming soon!

Complete your ROI

Estimate you ROI with our Spark-powered calculator.
Answer a few simple questions to find out how Coherent Spark can transform your organization.

Your Results

Initial development effort saved
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Recurring development effort saved
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Testing development effort saved
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Business Analysis and Project Management effort saved
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Total effort saved
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Potential revenue uplift
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Uplift from reduced operational risk
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Ready to see how Coherent Spark can work for you?

Give us your spreadsheet logic of any complexity and we’ll show you how Coherent Spark can transform it into an API in seconds. Contact us today for a demo.

Get in touch to see the power of Coherent Spark for yourself

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