Partnership Provides HeartBeat with End-to-End Automated Benefits Enrollment Capabilities with Over 150 Providers
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SilkRoad technology, inc., a leading global provider of cloud-based social talent management solutions, together with SS&C, a global provider of investment and financial software-enabled services and software, announced today they have entered a into partnership, combining SS&C’s BenefiX cloud-based data exchange service with SilkRoad’s HRMS technology solution, HeartBeat.
With endless formats specific to insurance carriers, sending enrollment data to individual benefits providers has traditionally been a time and labor intensive process. By integrating SS&C’s BenefiX with SilkRoad’s HeartBeat, companies benefit by having a single HRMS solution that manages all their employee HR data including benefits plans, simplifying the process for employees, managers and HR. With BenefiX providing benefits data exchange to over 150 carriers, benefits administrators are freed from this tedious, time-consuming task allowing them to focus on building a self-motivating, employee-centric culture that attracts and retains top talent.
“Managing benefits has traditionally been a high-cost task with a heavy time investment,” says Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Our partnership with SilkRoad will remove these barriers, delivering HeartBeat users a quick and cost effective solution.”
Companies using HeartBeat can now expect direct transmission of enrollment information from HeartBeat to insurance carrier, as well as:
- Built-in integration with the entire BenefiX library of over 150 insurance carrier adapters and out-of-the-box integration with carrier specifications
- Implementation times as little as 15 days, or 45 days for new insurance carriers, rather than the average industry integration lead time of six months or longer
- Quality data and run-time edits to ensure complete and correct enrollment information is being sent to the insurance carriers
“SilkRoad is intent on providing HR professionals with the solutions they need to develop and maintain happy and engaged employees,” said Andrew J. “Flip” Filipowski, CEO, SilkRoad technology. “With the SS&C partnership, we are pleased to provide yet another layer in our benefits administration solution as companies look to automate their most complicated and time intensive processes and free up time to address their talent management strategies.”
For more information on SilkRoad Technology, please visit www.silkroad.com
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Matt Lafata, HRchitect