New Integrated Solution to Help Clients Deliver Advanced Open Enrollment and Benefit Solutions to Their Employees
October 15, 2015
Paycor, providing companies with intuitive, cloud-based onboarding, HR, payroll and timekeeping software, today announced the availability of Benefits Advisor, the company's employee-centric benefits software solution. Powered by bswift®, an industry leader in benefits technology and services, the new solution was designed to help Paycor clients elevate their benefits programs through features such as improved decision-support, defined contribution and open enrollment tools.
"The passage of the Affordable Care Act has required employees to take on more responsibility for their health care choices than ever before. Smart employers recognize that in order to help employees understand and take advantage of the benefits offered to them, they must provide tools to help," said Catherine Dunwoodie, senior director of Benefits Administration at Paycor. "Through our integrated benefits offering, Benefits Advisor, our clients now have access to advanced open enrollment and benefits solutions to help attract and retain top talent."
Benefits administration has become much more complicated for employees and employers alike; with the launch of Benefits Advisor, Paycor introduces several new efficiencies to improve these processes. A complementary solution to the company's existing HR Application, Benefits Advisor helps companies with more than 200 employees navigate the evolving landscape of benefits administration. By partnering with bswift, Paycor has simplified the administrative processes for larger employers, resulting in an intuitive, easy-to-use software solution that provides the robust functionality that today's employees, HR managers and administrators require.
Additional benefits of Paycor's Benefits Advisor include:
* An interactive employee shopping experience. The solution includes advanced decision-support tools such as Ask Emma, which provides personalized plan comparison to assist with benefit selection.
* A comprehensive, mobile-enabled benefits portal. Employees have access to coverage information details, helpful videos, Total Compensation Statements and other benefits information at the click of a button.
* Automated and streamlined reporting capabilities. Companies can leverage the innovative functionality of Benefits Advisor to reduce the administrative workload for processes like reporting, billing and COBRA.
* Regulation compliance assistance. Paycor's ACA reporting and IRS filing solutions help employers manage risk as well as keep up with employee notifications, employer reporting and regulatory plan changes.
Further details about Paycor's Benefits Advisor solution are available at: www.paycor.com/products/hr-benefits/benefits-advisor.
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