Altair Pension Administration vs. Altair Activate

Altair is a versatile and secure pension administration platform specifically designed for retirement systems and their managers, offering a wide array of functionalities such as benefit calculations, automated workflows, document management, bulk processing, and ensuring compliance with regulations within a unified system. Equipped with a powerful calculation engine, it effectively handles complex individual and bulk computations while enhancing daily workflows with automation to reduce manual intervention. The platform also supports secure creation, export, and archiving of documents, maintaining thorough audit trails throughout the process. Additionally, it can efficiently process large volumes of statements, benefits, and pension increases. Hosted on a U.S.-based infrastructure compliant with FedRAMP standards, Altair features role-based access controls, multi-factor authentication, and provides real-time dashboards along with self-service reporting capabilities via its Insight module. Moreover, Altair is designed for seamless integration and migration, catering to the regulatory frameworks of various states, which broadens its applicability across different pension scenarios. Its extensive functionalities position it as an excellent solution for administrators aiming to enhance and modernize their pension management strategies, ultimately leading to improved operational efficiency and better service delivery to beneficiaries.

Altair Activate is a multifunctional platform designed for modeling and simulating a wide range of products within a system-of-systems context, which significantly enhances both design efficiency and speed. As products across different industries become increasingly complex, with heightened electrification and interconnectivity, there is a growing necessity for sophisticated simulation tools. The platform adopts a multi-disciplinary perspective that supports the comprehensive development of complex mechatronic systems, thereby improving collaboration among product development teams and streamlining their workflows. By breaking down the silos that exist between various subsystems—such as mechanical, electrical, and software components—Altair Activate fosters a more cohesive design approach. Furthermore, it enables the modeling of thermal-fluid system dynamics through 1D simulation techniques, yielding results that are almost as accurate as those obtained from 3D computational fluid dynamics (CFD) but with much quicker turnaround times. This acceleration in the simulation process not only enhances design exploration but also facilitates superior performance optimization within shorter timeframes. Consequently, Altair Activate equips teams with the tools needed to adeptly manage the challenges of modern product development, providing them with enhanced agility and deeper insights into their designs. Overall, the platform's comprehensive capabilities position it as an essential asset for any organization aiming to innovate effectively in today’s fast-paced technological landscape.