Benefitfocus Announces Reseller Agreement with SAP
May 04 2015 - 4:05PM
Business Wire
SAP to Provide Comprehensive Cloud-based
Benefits and HR Management Solution with SAP U.S. Benefits
Management Application by Benefitfocus
Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of
cloud-based benefits software solutions, today announced the
signing of a reseller agreement with SAP (NYSE: SAP). SAP will
resell BENEFITFOCUS® Marketplace as the SAP® U.S. Benefits
Management application by Benefitfocus. Through this agreement, SAP
will offer customers in the U.S. a powerful, end-to-end human
capital management solution that improves benefits administration
efficiency and platform user experience throughout the employee
lifecycle.
“Benefitfocus is dedicated to creating innovative, extensible
software solutions that are redefining the way people enroll in and
manage benefits plans,” said Benefitfocus CEO Shawn Jenkins. “We
have an incredible community of customers, and we’re excited to
deliver Benefitfocus Marketplace to even more customers with a
partner who is leading the market in enterprise application
software – SAP.”
SAP U.S. Benefits Management by Benefitfocus – scheduled to be
available soon from SAP – is a cloud application that will
complement SAP’s market-leading core human resources and talent
management solutions and help its customers with U.S. employee
benefits enrollment and management.
"Our goal at SAP and SuccessFactors is to provide our customers
with the most comprehensive HCM suite in the market,” said Mike
Ettling, president, HR Line of Business, SAP. “This agreement
with Benefitfocus boosts our relationship and will allow us to
provide our customers with a smooth journey to the cloud. It is
about bringing market-leading benefits and capabilities to
SuccessFactors Employee Central customers seamlessly, via quick and
low-risk implementations. We expect the rich capabilities of SAP
U.S. Benefits Management will enable SAP customers to streamline
online enrollment, employee communication and benefits
administration year round for their employees based in the
U.S.”
The collaborative solution builds upon cooperation initiated in
2011 between Benefitfocus and SuccessFactors, an SAP company.
SuccessFactors® Employee Central integrates with BENEFITFOCUS®
Marketplace to allow employers and HR managers to access business
intelligence and employment information through the same portal
they use to manage all of their benefits and employee
communication.
About Benefitfocus
Benefitfocus, Inc. (NASDAQ: BNFT) is a leading provider of
cloud-based benefits software solutions for consumers, employers,
insurance carriers and brokers. Benefitfocus has served more than
25 million consumers on its platform that consists of an integrated
portfolio of products and services enabling clients to more
efficiently shop, enroll, manage and exchange benefits information.
With a user-friendly interface and consumer-centric design, the
Benefitfocus Platform provides one place for consumers to access
all their benefits. Benefitfocus solutions support the
administration of all types of benefits including core medical,
dental and other voluntary benefits plans as well as wellness
programs. For more information, visit www.benefitfocus.com.
BENEFITFOCUS and the BENEFITFOCUS LENS LOGO are registered
trademarks of Benefitfocus.com, Inc.
SAP, SuccessFactors and other SAP products and services
mentioned herein as well as their respective logos are trademarks
or registered trademarks of SAP SE (or an SAP affiliate company) in
Germany and other countries. See
www.sap.com/corporate-en/legal/copyright/index.epx for additional
trademark information and notices.
All other product and service names mentioned are the trademarks
of their respective companies.
Benefitfocus Forward-Looking Statement
Except for historical information, all of the statements,
expectations, and assumptions contained in this press release are
forward-looking statements. Actual results might differ materially
from those explicit or implicit in the forward-looking statements.
Important factors that could cause actual results to differ
materially include: the need to innovate and provide useful
products and services; reliance on strategic relationships,
including with SAP; changes in government regulations; the immature
and volatile nature of the market for our products and services and
other factors that could impact our anticipated growth; management
of growth; fluctuations in our financial results; general economic
risks; reliance on key personnel; our ability to compete
effectively; our ability to maintain our culture and recruit and
retain qualified personnel; privacy, security and other risks
associated with our business; and the other risk factors set forth
from time to time in our SEC filings, copies of which are available
free of charge within the Investor Relations section of the
Benefitfocus website at http://investor.benefitfocus.com/sec.cfm or
upon request from our investor relations department. Benefitfocus
assumes no obligation and does not intend to update these
forward-looking statements, except as required by law.
SAP Forward-Looking Statement
Any statements contained in this document that are not
historical facts are forward-looking statements as defined in the
U.S. Private Securities Litigation Reform Act of 1995. Words such
as “anticipate,” “believe,” “estimate,” “expect,” “forecast,”
“intend,” “may,” “plan,” “project,” “predict,” “should” and “will”
and similar expressions as they relate to SAP are intended to
identify such forward-looking statements. SAP undertakes no
obligation to publicly update or revise any forward-looking
statements. All forward-looking statements are subject to various
risks and uncertainties that could cause actual results to differ
materially from expectations. The factors that could affect SAP's
future financial results are discussed more fully in SAP's filings
with the U.S. Securities and Exchange Commission ("SEC"), including
SAP's most recent Annual Report on Form 20-F filed with the SEC.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of their dates.
Benefitfocus, Inc.Bryony Wardell, 843-284-1052 ext.
3546pr@benefitfocus.com
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