Penad releases the First Fully Integrated Human Resouces Software Suite PX3000

July 13, 2001

Frank Price, Chairman and CEO of Penad Pension Services Limited is pleased to announce the release of PX3000, the first fully integrated suite of Human Resources, Life & Health and Pension software available to the HR Industry. 

Penad’s new flagship system is built on a foundation of over eighteen years of hands on administration and system design experience. PX3000 incorporates all aspects of Human Resource Management in one powerful and complete modular suite. Being member centric in design, the system focuses on the needs of the plan administrator and the plan participant. The system has been built by administrators for administrators. 

PX3000 is built on the Microsoft SQL server platform and incorporates the most powerful and effective technology and innovative tools available today.  PX3000 is fully web enabled and greatly simplifies the entire administration and reporting function from both a member and management perspective. 

Numerous unique and innovative features and tools such as Penad’s powerful Advanced Management Report Writer have been incorporated which empower the user to effectively and efficiently handle all aspects of administration from tracking to calculating and reporting. 

The report writer facility allows the user to easily create custom reports using the “drop and drag” approach at the click of a mouse without having to learn SQL language or data mapping. An administrator can create any desired custom report and is able to instantly send it using five different mediums including the Internet. 

The pension module of PX3000 incorporates all forms of pension plans inclusive of all Defined Contribution and Defined Benefit plan designs including Hybrid plans and allows for unparalleled flexibility in the administration of plans both at the member and administrator level. 

Designed to meet the growing needs of both the domestic and international markets, PX3000 has been built with multilingual and multi-currency capabilities. 

PX3000 represents a clear break through in the application of experience, knowledge and technology within the HR industry and establishes a new standard in the provision of customized software solutions.