Miningham & Oellerich today announced that its operational platform has been deployed at MML Investors Services ("MMLISI"), a wholly-owned broker-dealer subsidiary of Massachusetts Mutual Life Insurance Company ("MassMutual").
M&O's platform replaces MMLISI's legacy system and numerous manual processing systems, improving efficiency and accessibility of data. Key functionality includes consolidated and integrated books and records, commissions and compensation, general ledger interfaces, and reporting solutions that resonate with every user along the supply chain.
Critical business reports are now generated and distributed on a daily basis to nearly 5,000 users, providing representatives and management keen insights into their customers, products and pipeline. MMLISI representatives now have access to a real-time, consolidated view of key client data, commission and key benchmarking reports for clients. In addition, management has an efficient tool to help meet regulatory demands.
"The new platform gives both our representatives and management access to critical information when they need it and how they need it," said Bill Monroe, Vice President, MML Investors Services, Inc. "This gives our representatives more time and better resources to grow their business and provide quality financial service to their clients."
"We are proud to help MassMutual maintain and grow its elite field force, by providing best-of-breed technology solutions," said Robert Miningham, President and CEO, M&O.