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AFAMS (Annuity)

Annuity Management Software

Simplex AFAMS (Annuity Fund Administration Management System) is a web based software designed to manage the administration of annuity fund and annuitants with accompanying reports. It provides modules supporting multiple type payment whether its annuity or arrears, and insurance companies. The system tracks the payment process during the annuitization phase and allows flexibility in payment to customer’s account whether it’s monthly, quarterly or bi-annually.

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Key Benefits of Annuity

AFAMS allows different users to access modules based on rights and privileges set up by the administrator.

AFAMS adaptive design makes our responsive layout render perfectly and scalable.

Reduced workloads and manpower requirements with automated payment process.

Ability to view payment history on each standing order and annuitant and ability to generate and print payment and standing order history in various format.