https://www.inlibrary.uz/index.php/ijbms <p>The aim of the <strong>"International Journal of Business and Management Sciences"</strong> is to provide a platform for researchers, academicians, practitioners, and policymakers to disseminate, share, and discuss high-quality research and advancements in the field of business and management. The journal is committed to fostering a deeper understanding of the multifaceted aspects of business and management in a global context and promoting innovation, collaboration, and sustainable practices in the business world.</p> American Academic Publisher en-US International journal of business and management sciences 2693-3500 https://www.inlibrary.uz/index.php/ijbms/article/view/108440 <p>Providers of retirement plans are facing increasing pressure to modernize loan and distribution processing in 401(k) and other retirement systems to improve efficiency, accuracy, and compliance. Legacy processing environments often mean manual processes and fragmented legacy systems, which mean long turnaround times and a high error rate. This paper proposes a Quality Assurance (QA) automation approach to update these critical processes. We design and implement an automated test and processing framework that leverages behavior-driven development and state-of-the-art test automation tools to enable straight-through processing and comprehensive verification of loan and distribution transactions. The method was applied to real retirement system environments with much shorter processing cycles and quasi-elimination of processing errors. Results demonstrate that automation-driven modernization can provide 50% faster processing, improved compliance with regulatory requirements, and improved participant satisfaction. The findings of the research have significant implications for the modernization of financial technology, illustrating how QA automation can bridge the gap between legacy retirement platforms and the demands of contemporary financial services, while ensuring robust compliance and reliability.</p> Sanjay Kumar Das Copyright (c) 2025 Sanjay Kumar Das https://creativecommons.org/licenses/by/4.0 2025-05-21 2025-05-21 5 05 09 26