October 23, 2016 5:01 AM ET


Company Overview of Vitech Systems Group, Inc.

Company Overview

Vitech Systems Group, Inc. provides administration software to pension, investment, insurance, and health plan administrators worldwide. The company offers V3 System, a browser-based, Java/Oracle, software application that is deployed as an on-premise application or as a hosted or cloud-based solution. Its V3 System enables pension funds and administrators to address the administration requirements, including enrollment, payroll reporting, contributions processing, benefits calculations, benefits payroll, and investment administration; provides insurance organizations with contract, policy, enrollment, billing, pension, annuity, investment, and claim capabilities in a single, integrated appl...

401 Park Avenue South

New York, NY 10016

United States

Founded in 1996





Key Executives for Vitech Systems Group, Inc.

Chief Executive Officer and President
Executive Vice President
Director of Investment Solutions
Associate Director of Global Talent Acquisition
Senior Vice President of Sales
Compensation as of Fiscal Year 2016.

Vitech Systems Group, Inc. Key Developments

UFCW & Employers Trust, LLC Goes Live with Vitech' V3

Vitech announced that the benefit plans of the UFCW & Employers Trust, LLC (UFCW Trust) have gone live with their new V3 system, running in Vitech's V3 Cloud. The new system supports a range of core and ancillary benefits across a large base of groups and participants. Delivered functionality includes enrollment & eligibility, billing & remittance, direct pay, core administration, claims processing & payments, tax reporting, and financial accounting.

Global Investment Firm Selects Vitech Systems Group, Inc.'s V3 Version 10 as its New Fund Management System

Vitech announced that a prominent, US-based global investment firm has selected V3 as its new fund management system. V3 was selected for its powerful fund management features, extensive configurability, intuitive design and comprehensive enterprise capabilities. The V3 solution will help the exclusive firm continue to exceed its customers' client service expectations while streamlining operations and expanding organizational capabilities. V3 is a highly scalable and configurable administration solution designed to meet the unique needs of investment, insurance and retirement organizations. Built on contemporary technology, V3 is a browser-based software solution for complex, multi-layer unitized and non-unitized fund structures including limited partnerships, hedge funds, master/feeder funds and fund of funds.

Iowa Public Employees' Retirement System Enters into Contract with Vitech to Upgrade its Existing V3 System

Vitech announced that the Iowa Public Employees' Retirement System (IPERS) has entered into a contract with Vitech to upgrade its existing V3 system implementation to V3 version 10, the latest version of Vitech's enterprise software. The upgrade will improve customer service offerings for IPERS' 350,000 members, representing about 10% of the state's population. Version 10 includes enhancements to user experience and system performance, a broader offering of business intelligence tools, and new customer service capabilities. Version 10 is also the pathway for Vitech's new Mobile Application offerings. The launch of this project marks another major milestone in a partnership that began in 2006, when IPERS contracted with Vitech to develop a new enterprise platform to administer benefits for employees across the state. In 2011, the final rollout of the multiyear implementation was successfully executed jointly by Vitech and IPERS. Since then, IPERS has used V3 for enrollment, demographics, group billing, benefit payments, document management and customer service. IPERS' employers and their employees also enjoy the convenience of web-based self-service capabilities through V3. V3 is a highly scalable and configurable administration solution designed to meet the unique needs of insurance, retirement and investment organizations. Built on contemporary technology, V3 is a browser-based system that includes native functionality for business functions including billing, enrollment, benefit calculations and self-service as well as enterprise functions including workflow, CRM and imaging capabilities.

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