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The Newport Group’s “My Forecast” retirement planning website, which incorporates VisualCalc’s Retirement Planning Calculator technology, was recognized by DALBAR, Inc. as one of two clear leaders in the financial services industry for providing tools that show retirement plan participants their current retirement planning readiness.

DALBAR evaluated 52 retirement plan participant websites in the context of how well they answered the key question of “How Am I Doing” for employees assessing the current state of their retirement plan. These websites were evaluated using DALBAR’s DC WebMonitor program criteria, which factors in criteria grouped into five broad categories: Functions, Usability, Content Currency, Consistency, and Behavior Centric. Out of the 52 websites evaluated, The Newport Group’s “My Forecast” website and Principal Financial were recognized as the two clear industry leaders.

The Newport Group’s “My Forecast” tool incorporates VisualCalc’s Retirement Planning Calculator technology. The core engine for this technology supports state-of-the-art computational algorithms and simulation techniques, such as Monte Carlo methods, that drive highly sophisticated yet elegantly simple “what if” analysis capabilities. On top of this engine, VisualCalc and The Newport Group jointly developed a graphical, interactive user interface that provides participants with a personalized, comprehensive snapshot of their current retirement readiness. Participants can easily manipulate a set of input mechanisms, such as buttons and sliders, to see how potential changes to their current retirement strategy would affect their future retirement health.

The Newport Group’s “My Forecast” website was lauded for its interactivity, ease of use, design aesthetics, and advanced analysis capabilities, all core attributes of the customizable VisualCalc Retirement Planning Calculator platform upon which it is built.

The “My Forecast” website has resulted in a dramatic impact on employees’ retirement account balances, contribution amounts and overall engagement with their plans. Plan participants who use “My Forecast” have seen their account balances grow 40% more than those whose plans don’t yet feature “My Forecast”. These participants have increased their contributions to their plans, access their accounts 25% more often, and perform nearly twice as many transactions on their website.

DALBAR, Inc. is the financial community’s leading independent expert for evaluating, auditing and rating business practices, customer performance, product quality and service.

More information on the VisualCalc Retirement Planning Calculator can be found at http://visualcalc.com/products/retirement-calculator.html.

VisualCalc has introduced a new family website calculators that are supported on both desktop and mobile platforms. These new calculators are based on HTML, and do not require Java or any other client plug-in such as Flash. Unlike competing solutions in the marketplace, these new VisualCalc Website Calculators provide the best of both worlds: rich, interactive graphical user interfaces that, until now, have required graphic plug-in technologies, combined with the ability to run on all platforms: desktops, notebooks, and mobile devices such as tablets and smart phones.

Organizations can embed these website calculators on their websites and other electronic media to help their customers and prospects effectively evaluate their products and services, leading them to the best possible purchasing decision. VisualCalc Calculators help these organizations generate leads, close prospects, improve customer satisfaction, and optimize their product sales mix.

This new family of website calculators includes over 40 calculators spread across six suites:

  • The Home Mortgage Suite, which includes calculators such as the Home Loan Calculator and the Refinance Calculator;
  • The Retirement Suite, which includes calculators such as the Retirement Planning Calculator and the IRA Comparison Calculator;
  • The Income and Insurance Suite, which includes calculators such as the Cash Flow Calculator and the Life Insurance Calculator;
  • The Auto Loan and Debt Suite, which includes calculators such as the Auto Loan Calculator and the Debt Consolidation Calculator;
  • The Savings Suite, which includes calculators such as the College Planning Calculator and the HSA Contributions Calculator;
  • The Special Calculators Suite, which includes calculators such as the Auto Loan with Insurance Calculator and the Breakeven Analysis Calculator.

In addition to universal platform support, all of these new VisualCalc Calculators feature all of the dynamic, interactive user interface elements the industry has come to expect from VisualCalc. These include user-friendly graphical input mechanisms, real-time “what if” analysis capabilities, and dynamically generated output formats. All of these new HTML calculators will also continue to offer multi-solve functionality, meaning fewer calculators are required to address an organization’s requirements. In addition, these calculators can be fully customized for an organization’s functional requirements and branding standards. Finally, VisualCalc Calculators can also be integrated with 3rd party systems and databases, providing users with a personalized, comprehensive basis for their analysis.

These new VisualCalc Calculators address the explosive growth in mobile Internet use for shopping, product research, and, in particular, personal financial management. Jupiter Research expects that 590 million mobile phone users globally will use their device for banking purposes in 2013. That number is forecasted to exceed 1 billion users by 2017. This growing demand for mobile financial services is particularly strong among younger consumers. In fact, 49% of mobile users in the 26-34 age group would switch banks for a better mobile experience. In response to these trends, banks are expected to spend $118 billion on mobile banking and technology in 2013.

The HTML VisualCalc Calculators are available and in use by customers today.

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