GSIS Web-Based App is Finalist in International Technology Innovation Awards

A web-based application developed by state pension fund Government Service Insurance System (GSIS) was chosen as one of the finalists in an international competition in The Hague, Netherlands.

GSIS announced Monday that it was awarded as a finalist in the Technology Innovation Award at the 7th World Pension Summit held last Nov. 10 where GSIS Officer-in-Charge SVP Nora Malubay-Saludares received a trophy and plaque of recognition.

The Innovation Award recognizes pension fund institutions that uses innovation to drive their pensions forward through investment, design, innovation, participation, or any way that may help drive successful outcomes.

Winners were selected from nominations that were considered “the best out-of-the-box thinkers and doers in the business, GSIS said.

Its winning entry is the Electronic Billing and Collection System (eBCS) which is a web-based application that allows the pension fund to send its billing statements for premiums and loan amortizations to government agencies electronically and accept payments online.

GSIS has improved its posting and collection efficiency and reduced operational costs through eBCS, GSIS further said.

Remitting employees in government agencies that use eBCS download billing statements and upload electronic remittance files right in their offices, allowing them to save time and resources.

The online application also ensures the seamless and efficient posting of payments, resulting in benefits at shorter processing periods.

This, however, was not the first time GSIS received international acclaim. eBCS first gained recognition as a finalist in the 4th International Best Practice Competition held at Novotel, Manila in November last year.

The competition was designed by the Centre for Organisational Excellence Research and hosted in the Philippines by the Development Academy of the Philippines. (PNA)FPV/ANP