CHARLESTON,
S.C., June, 20 2017 /PRNewswire/ -- Benefitfocus,
Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits
management software, today announced its Summer Software Release,
which includes features inspired by Benefitfocus customer feedback.
The new release continues to advance the design and implementation
of personalized benefits strategies for today's diverse workforce.
In addition, continued investments in platform performance and data
accuracy set employers and insurance carriers up for success during
the 2018 fall open enrollment season.
"There are three critical components to open enrollment success
– an elegant enrollment experience, accurate data delivered on time
and streamlined administrative processes," said Benefitfocus
President Ray August. "Updates in
the latest release address all three and were driven by a
combination of customer input through the Benefitfocus Idea
Community and our ongoing focus on superior platform performance.
As employers offer robust benefits plans to attract, engage and
retain employees, they're turning to Benefitfocus as the platform
of choice for employee engagement and administrative
efficiency."
The software release's new tools help HR leaders and carriers
streamline enrollment and provide a personalized consumer
experience. New capabilities include:
Open Enrollment Success
- Data accuracy & timeliness – New
system checks alert administrators to duplicate data and
configurations that may result in unintended outcomes. These
capabilities improve system performance and increase data
accuracy.
- Compliance & administration –
As regulations evolve, new enhancements remove manual processes and
provide additional reporting support to simplify 1094-C and 1095-C
forms.
Simplify Employee Onboarding
- Rehire classification – As HR leaders
increasingly recruit former employees, new smart categories
simplify the benefits enrollment and communication process for
rehires.
- Customizable rules – New
configuration tools provide flexibility to define and customize
effective date rules and wait periods by benefit type or
plan.
Benefits Content & Communication
- Content management service – As
benefits communication increases in importance, new
professional services provide custom benefits portal
design and ongoing management of the benefits communications
strategy throughout the year.
- FAQ library – A brand new library of
frequently asked questions and answers helps employers build or
supplement their own custom FAQ.
- Featured content display – A new
content tagging capability allows administrators to quickly add and
update featured content in their employee communications portals
throughout the open enrollment cycle.
To learn more about the Summer Release, prospective
Benefitfocus clients can schedule
a personalized walk through
of the platform. Current Benefitfocus clients
can learn more about the platform's updates and capabilities by
visiting Benefitfocus' customer portal, One
Place 365.
About Benefitfocus
Benefitfocus
(NASDAQ: BNFT) provides a leading cloud-based benefits management
platform that simplifies how organizations and individuals shop
for, enroll in, manage and exchange benefits. Every day
leading employers, insurance companies and the consumers they serve
rely on our platform to manage, scale and exchange benefits data
seamlessly. In an increasingly complex benefits landscape, we
bring order to chaos so our clients and their employees have access
to better information, make better decisions and lead better lives.
Learn more at
www.benefitfocus.com,
LinkedIn and Twitter.
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; 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.
To view the original version on PR Newswire,
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SOURCE Benefitfocus, Inc.