Retirement plan administrators must cut costs and improve experiences.

Cognizant® Automated Retirement Operations (CARO) - enables you to rapidly digitize, automate, and transform your retirement operations – with up to 26% reduced overall cost of participant (CPP).

  • Automate retirement operations – fast!

    CARO follows a “retirement out-of-the-box” blueprint, providing a set of preconfigured core processes and functionalities that minimize time to market and increase operational agility. 

  • Deliver participant experience
    • Anticipate and respond to participant needs and regulations (CARES act, Secure Act, etc.)
    • Deliver exceptional service experience amidst transaction spikes from M&A and market disrupters
    • Enable omni-channel experience for better customer servicing and retention
  • Accelerate IT agility
    • Low-code/no-code and configuration-based for minimal IT development
    • Open, plug and play architecture tool agnostic solution designed for integration with any surrounds
    • Cloud native, modular design enables agility, incremental adoption/roll-out and alignment to future state IT strategy

       24 - 26%

reduced overall cost of participant (CPP)

DEMO VIDEO

See how Cognizant Automated Retirement Operations (CARO) anticipates participant needs.

CARO features like Predictive Churn and Next-Best-Action – fueled by AI, ML, and NLP and 10 unique systems – to a highly anticipatory, zero-touch operation.

Watch caro demo video
Action & insight

CARO automates retirement operations for bottom line value.

Solution overview for IT and business leaders

Peruse this 5-minute hybrid technical-business read to learn how Cognizant Automated Retirement Operations (CARO) works to reduce overall cost of participant (CPP) by 24-26%.

Read solution overview
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COVID has highlighted the need for a more streamlined retirement services experience, using modern technologies to boost efficiency while reducing costs

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Ready for your custom CARO demo?

Learn how Cognizant helps your business leaders automate retirement operations – fast.