How in-depth are you all using the functionality within Relius?

I started working at a TPA/Recordkeeping firm this past fall, I'm completely new to this industry as a whole so it's been quite a process. One thing I found very quickly was that the firm I work for was doing lot of manual data entry, as well as other things manually. I've spent a good portion of the last few months learning all the ins and outs of the system with things like automating things in Job queue, setting up file imports / exports for balancing, distributions, ACH Pulls, etc, and custom reports. It's such a small industry I really have no reference online for what other people are doing, so I'm curious, how many of the extensive features of Relius do you actually use?

I recommend that you look at RVUG.org.  This is a group that primarily uses Relius for recordkeeping.  I would at least sign up as a free user.  You will receive invitations to seminars about using Relius that are either free or low cost (something like $25 for the webinar).  If you do a paid membership, you can access more information and ask questions, etc.  

To answer your question directly, every firm that I have spoken to uses Relius tools differently, with some using them extensively and some firms building tools outside of Relius to do a lot of tracking, etc.  

Please keep in mind that Relius will be sunsetting in the next few years and will be replaced by the FIS Retirement Platform (FRP).  This takes the current FIS Omni software and adds some of the features in Relius to Omni.  The decision makers at your company should be looking into the new platform and making some decisions about if you will migrate to that software or use a competitor and when you would be making the switch.  It is not too early for them to start their decision-making process about the new software.

21 hours ago, Pam Shoup said:

Please keep in mind that Relius will be sunsetting in the next few years and will be replaced by the FIS Retirement Platform (FRP).  This takes the current FIS Omni software and adds some of the features in Relius to Omni.  The decision makers at your company should be looking into the new platform and making some decisions about if you will migrate to that software or use a competitor and when you would be making the switch.  It is not too early for them to start their decision-making process about the new software.

 

Pam, do you know anything into how Relius's DB functionality will continue beyond this transition?

23 hours ago, Pam Shoup said:

I recommend that you look at RVUG.org.  This is a group that primarily uses Relius for recordkeeping.  I would at least sign up as a free user.  You will receive invitations to seminars about using Relius that are either free or low cost (something like $25 for the webinar).  If you do a paid membership, you can access more information and ask questions, etc.  

To answer your question directly, every firm that I have spoken too uses Relius tools differently, with some using them extensively and some firms building tools outside of Relius to do a lot of tracking, etc.  

Please keep in mind that Relius will be sunsetting in the next few years and will be replaced by the FIS Retirement Platform (FRP).  This takes the current FIS Omni software and adds some of the features in Relius to Omni.  The decision makers at your company should be looking into the new platform and making some decisions about if you will migrate to that software or use a competitor and when you would be making the switch.  It is not too early for them to start their decision-making process about the new software.

 

I've just signed up for RVUG, waiting on being confirmed but it looks like an awesome resource, thanks.

I've heard about them sunsetting the system. A few folks from my firm were at Randug this year and attended some presentations about it and we're not exactly impressed... it sounds like it's going to very quickly accumulate the same extensive issues Relius has with less useability in some areas and a higher cost. Unfortunately it seems most other software options are nearly as clunky, outdated, and overall unworkable... Honestly, with my mild knowledge of programming I get closer and closer to just creating my own competing software every day 😂

3 hours ago, Bri said:

Pam, do you know anything into how Relius's DB functionality will continue beyond this transition?

I don't know if FIS knows the answer to that question.  I recently attended a conference with the architects of FRP and they weren't even sure when the DC compliance piece was going to be added to FRP.  The first generation of the software will have the recordkeeping only piece.

1 hour ago, Mleech said:

Honestly, with my mild knowledge of programming I get closer and closer to just creating my own competing software every day 😂

The two major competitors that I know of are SS&C and Congruent for recordkeeping software.  I would be interested to know if anyone knows of any other competitors. 

2 hours ago, Pam Shoup said:

The two major competitors that I know of are SS&C and Congruent for recordkeeping software.  I would be interested to know if anyone knows of any other competitors. 

Schwab has SRT. Id say they are more of a competitor than Congruent/CORE at this point.  CORE has some great functioning modules right now (contributions, distributions, etc), but aren't quite there as a total solution yet.