Industry fund launches new integrated platform

A $47 billion industry fund has partnered with Dell's integration platform and is hoping to add more value to its servicing of 860,000 members.

HESTA says Dell's Boomi has moved it to a hub-and-spoke model, where it can add a new data source (like an insurer) to the existing system.

Previously, every time that the fund wanted to integrate a new application, it had to initiate a new project with two partners to ensure data synchronised accurately.

HESTA says the change is saving the fund roughly 55 hours of manual handling each month, has improved productivity and had culled costs that came with this point-to-point integration.

It first used Boomi to connect its insurance and member services platforms.

"The speed and simplicity of the project resulted in unprecedented demand from stakeholders within the business who wanted the same data accessibility across all systems. The process of incorporating additional applications, including new third-party offerings, was accelerated due to the availability of Boomi APIs," it said in a statement.

HESTA general manager (information security and technology) Michael Collins said: "Boomi has given us the ability to not just collect data, but control it and drive value from it."

"We can now validate conclusions about where our members are in terms of achieving their retirement goals. Therefore when meeting with members, we are able to better help them make a real difference in their financial future, which is the core purpose of HESTA."

Read more: BoomiHESTADellMichael Collins
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