Procentia
Procentia develops cloud-based pension administration software for the pensions and bulk purchase annuities industry.
Procentia, established in 2002, is a technology firm specialising in pension administration software for the pensions and bulk purchase annuities markets. These industries are subject to rigorous regulatory oversight, making accurate and secure data management a core requirement for compliance.
The company's primary product, IntelliPen, is a cloud-based system designed to administer various pension schemes, including defined benefit and defined contribution models. It utilises automation to streamline processes, which can support compliance by reducing manual errors and enhancing operational efficiency, reportedly delivering up to 90% time and cost savings.
Procentia's software is used to manage pensions for over 4.2 million members. The firm was recognised as the number one UK pension administration software provider in 2022 and 2023, and received the Pensions Technology Firm of the Year award in 2024. It operates with a presence in the United Kingdom and North America.