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| Case Study |
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Fortune 500 HR Outsourcer achieves efficiency and volume scalability in Defined Contribution |
Patni standardizes and automates client’s processes to cut paper documentation, improve volume scalability, achieve compliance, save costs and improve processing speed.
The Client
The client is a leading
global provider of human resource (HR) advice and specialty consulting
services operating in over 40 countries.
The Challenge
The client was facing efficiency and compliance issues managing
geographically wide-spread processing locations. Some of the key challenges faced by the client include:
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Process spread over multiple locations in Ireland |
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Inefficient and inconsistent process documentation |
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Inability to manage seasonal fluctuations in volume due to staff
shortage |
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Lack of standardization across locations |
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Absence of MIS capabilities |
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Absence of quality assurance mechanism |
The client engaged Patni to help streamline their operations to improve speed and efficiency of their operations.
The Solution
Patni process optimization specialists focused on standardization, automation and quality improvement of the processes under consideration through the following systematic, staged approach:
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Creation of a core team: Patni put together a core team with appropriate technical competency and domain expertise in benefits administration to understand the
client’s operations onsite
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Standardization of documents across multiple locations: Patni process optimization experts set up standard, consistent processes and introduced standard working papers
and guidelines across locations.
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Error analysis and resolution: Patni developed a database to track
errors and improvement opportunities on schemes, capable of
generating varied reports in tracking the overall process
deliverables
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Cross training program: Patni undertook an intensive training
program to cross train its resources across different reports to
handle seasonal volumes surges and adhoc business exigencies
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Patni is currently providing services for six sub processes under
Defined Contribution namely: New Entrant, On-loads, Allocations,
Leaver payments, Leaver Option statement & Member reconciliations.
The Benefits
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Larger trained resource pool to handle volume surges without impacting service levels |
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Automated tools like MIS and input tracker for better resource
utilization |
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Increased compliance |
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Lower operational costs |
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Timely delivery of reports |
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Lower paper consumption |
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Priority based processing for urgent requests |
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