CHARLESTON, S.C., Aug. 9, 2021 /PRNewswire/ -- Benefitfocus,
Inc. (NASDAQ: BNFT), a leading technology platform provider
enabling rapid innovation for employers, health plans and
consumers, today announces it is supporting the State of Nevada's efforts to modernize its
eligibility and enrollment benefits management system. The state's
Public Employees' Benefits Program (PEBP) selected a
partnership including Benefitfocus and led by LSI, a Massachusetts-based full-service SAP
Technology Solution.
By selecting the fully integrated Benefitfocus solution, PEBP
will seamlessly integrate with the State's SMART21 – SAP S4 based
Enterprise ERP & Finance platform which LSI is providing to the
State.
"By transforming and streamlining its employee benefits
administration through our technology and services, Nevada's Public Employees' Benefits Program
will be able to serve employees, retirees and administrators with
contemporary benefits management and enrollment services," said
Matt Levin, President &
CEO, Benefitfocus. "We are thrilled to work with LSI on this
project, because of our shared vision of providing proven,
best-in-class, fully integrated employee benefits technology
solutions to the public sector market."
The Public Employees' Benefits Program (PEBP) desired a modern
and innovative solution for their 72,000 state and local employees,
retirees and their families. The State was able to realize
significant synergy and alignment between the SMART21 and PEBP
modernization initiatives, which reduce costs and risks for the
State.
"PEBP is eager to transition to a platform that will provide an
enhanced member experience for our employees and retirees, as well
as to allow for a more efficient, integrated approach within the
State of Nevada's existing
systems," said Laura Rich, Executive
Officer of PEBP.
Nevada PEBP is deploying the Benefitfocus
BenefitplaceTM platform for its modernization project.
Benefitplace provides a single, cloud-based solution to
personalize the enrollment experience and streamline benefits
administration, removing the complexity for employees, retirees and
administrators. It is fully integrated and supported by the SAP
S4/HANA ERP, Finance, as well as the
SAP SuccessFactors – Enterprise, Public Sector Employee Central
CORE HR, Time & Labor, Absence Management and Payroll
platforms.
"As LSI continues to expand its prime based, one-stop
contracting, execution, consulting and SAP Public Sector &
Higher Education offerings, establishing direct, mutually
complementary based partnerships, like the one established with
Benefitfocus, helps us deliver real, measurable value to the Public
Sector & Higher Education marketplace," said Nader Tirandazi,
Executive Vice President of LSI.
LSI – an Invenio Company
LSI (a subsidiary of the worldwide Invenio Group) is an
award-winning consultancy, headquartered in Waltham MA, which solves complex business
challenges with the adoption of best-in-class business practices
and digitalization. The company has specialist expertise and deep
experience in the Public Sector and select industries across
the Private Sector, including the media and entertainment,
manufacturing, chemicals, and pharmaceutical industries. Learn more
at www.lsiconsulting.com,
https://www.linkedin.com/company/lsi-consulting,
https://twitter.com/LSI_Consulting,
https://www.facebook.com/LSIConsultingSAP,
https://www.instagram.com/lsiconsulting/.
Connect with Benefitfocus
To learn more about Benefitfocus' solutions for health plans, click
here.
Like Benefitfocus on
Facebook: https://www.facebook.com/Benefitfocus
Follow @benefitfocus on Twitter
Follow Benefitfocus on LinkedIn
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About Benefitfocus
Benefitfocus (NASDAQ: BNFT) unifies the entire benefits
industry through innovative technology solutions that bring
efficiency, cost savings and simplicity to employee benefits
administration. Our powerful cloud-based software, data-driven
insights and thoughtfully designed services help employers,
insurance brokers, health plans and suppliers address the
complexity of benefits enrollment and engagement, while bringing
easier access to health, wealth and lifestyle products
through a world-class benefits experience. Our mission is
simple: to improve lives with benefits. Learn more
at www.benefitfocus.com, LinkedIn, Facebook, Instagram
and Twitter.
DISCLAIMER REGARDING FORWARD-LOOKING STATEMENTS
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: volatility and uncertainty in the global
economy and financial markets in light of the evolving COVID-19
pandemic and uncertainties arising from the recent U.S. elections;
our continuing losses and need to achieve GAAP profitability;
fluctuations in our financial results; our ability to maintain our
culture, retain and motivate qualified personnel; the immature and
volatile market for our products and services; risks related to
changing healthcare and other applicable regulations; risks
associated with acquisitions; cyber-security risks; the need to
innovate and provide useful products and services; our ability to
compete effectively; 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-filings 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.
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SOURCE Benefitfocus, Inc.