Wolters Kluwer Law & Business Releases New Automated Amendment Module
Wednesday, August 25, 2010
Posted by: Boomer Consulting, Inc.
Wolters Kluwer Law & Business is pleased to announce the launch of ftwPro Amend as part of their ftwilliam.com portfolio. ftwPro Amend is an automated amendment module that allows pension professionals to create customized amendments by selecting specific changes made to the plan document checklist. ftwilliam.com is part of Wolters Kluwer Law & Business, a leading provider of information and software solutions for pension and benefits professionals.
“Amending plans can be arduous and time-consuming, requiring a great deal of manual work,” said Timothy M. McCutcheon, General Manager for ftwilliam.com. “Now, ftwPro Amend takes the hassle out of the process by automatically customizing an amendment and summary of material modifications with just a click of a button.”
Developed in response to customer feedback, ftwPro Amend provides complete automation of the amendment process and can be used to prepare a plan amendment based on modifications to any plan provision. It will automatically generate a board action (consent action of the directors), a custom summary of material modifications and an amendment. The system keeps track of all modifications to the document checklist and will permit a user to prepare an amendment based on the last 10 modifications made in a plan document checklist. This allows users to select which of the last 10 changes will be included in the amendment. The ftwPro Amend is available for any prototype-style document offered by the company that includes defined contribution, traditional defined benefit, cash balance, 403(b), ESOP and all of the company's welfare documents.
“Our customers wanted an easier way to amend plans without having to regenerate documents, and we responded by developing ftwPro Amend,” said McCutcheon. “This furthers our commitment to making superior tools that simplify the workflow of pension professionals, helping them to work faster and more effectively.”
The module is now available to all plan document clients on the ftwilliam.com system at no additional charge.
For More Information
For more information about the ftwPro Amend module, call 1-800-596-0714; send e-mail to email@example.com; or visit www.ftwilliam.com.
About ftwilliam.com and Wolters Kluwer Law & Business
ftwilliam.com is a leading provider of the highest quality plan documents (retirement, welfare and non-qualified), government forms (5500/PBGC, 1099 and IRS) and administrative/compliance software. ftwilliam.com’s software is web-based and can be accessed by any user with a computer connected to the internet. All plan documents and forms are delivered instantly to the desktop in word processing or Adobe® PDF format.
ftwilliam.com is part of Wolters Kluwer Law & Business, and is part of the company’s pension and benefits portfolio. Wolters Kluwer Law & Business is a leading provider of information and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen Publishers, CCH, Kluwer Law International and Loislaw. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York City and Riverwoods, Ill. Wolters Kluwer is a market-leading global information services company.