PRWeb The Leader Press Release Distribution
See How PRWeb Works

We're here to help 1-866-640-6397

Login Create Free Account


All Press Releases for May 10, 2003 Subscribe to this News Feed    
 

Benefit Software Inc. Reduces the Paperwork of Open Enrollment for Vital Processing Services®

Benefit Software Inc. (www.bsiweb.com), a leader in printed and online employee benefit communications solutions, announces the successful implementation of Vital Processing Services® (Vital®) total benefit communication service using Fringe Facts® Online. Vital is one of the world's largest payment processors in the merchant acquiring industry, processing one out of every four authorized payment transactions in North America. Vital has approximately 800 employees in Arizona, Georgia and California.

Benefit Software first provided Vital with personalized TotalComp employee benefit statements. These individualized employee benefit statements show employees the costs of their employer-paid benefits in addition to their salary and other "paid time-off" benefits.

Vital received such positive feedback from the benefit statements, they decided to roll out Monitor Online, a benefit communications website, and eEnroll Online, an employee enrollment website.
Employees logged on during their open enrollment period to view their current elections, make changes and/or enroll in new benefit plans.

If you combine the costs of printing all our enrollment communications materials and the cost of health insurance premiums, the Fringe Facts Online system was easy to justify because it is such as small percentage of those costs. In addition we saved the time that it takes to process the paperwork, answer questions and hold enrollment information meetings." According to Kathy Dreyer, Director of Compensation and Benefits at Vital, Not only did it save us time and money, but associates see this as an additional benefit."

Ms. Dreyer said, What I like most is that we can customize each screen on the site, all the information is in one place, and we now have a way to capture dependent information. We can also communicate with our vendors with electronic data and employees get confirmation statements after they enroll. It is easy to create reports and we can monitor usage by viewing who has logged into the system and who hasnt."

William Smith, Business Development Director at Benefit Software says, 100% of our eEnroll Online clients customize their sites to meet specific employer needs. We designed Fringe Facts Online so that we could manage client customization while still meeting tight time lines for mission critical enrollment data processing."

Fringe Facts Online will simplify an employers benefit enrollment and HR management functions. Employers are able to significantly reduce the cost of printing and distributing HR and other benefit forms. BSI clients report dramatic improvements in employee morale, decreases in turnover and an increase in productivity with the Fringe Facts Online self-service benefits enrollment and communication system.

About Vital Processing Services
A world leader in technology-based commerce enabling services, Vital Processing Services® (Vital®) brings the power of pure commerce to more than 300 Acquirers and one million Merchants. Vital delivers highly reliable, integrated end-to-end payment-related solutions to Acquirers and their Merchants and provides them with the information and tools to efficiently manage their payment processing businesses. From authorizing and capturing electronic payments at the Merchant point of sale, to clearing and settling transactions, Vital is the only pure Acquirer processor in the industry. Vital is a joint venture of Visa U.S.A. and TSYS® ("NYSE: TSS"). Additional information regarding Vital can be found at www.vitalps.com.

About Benefit Software Inc.
Benefit Software Inc. (BSI) is an Applications Service Provider (ASP) enabling companies to offer employee self-service benefit enrollment, information, and employer administration; including billing, reconciliation and communication between HRIS, payroll and insurance carriers. Fringe Facts Online services are delivered as hosted applications, comprehensive to the benefit package of the employer, including core as well as voluntary benefits. BSI delivers advanced software solutions that manage benefit communications and workers compensation claims. For more information, visit www.bsiweb.com.

OPTIONS
Printer Friendly Version
Email this story to a colleague
CONTACT INFORMATION
Angie Stees
Benefit Software Inc.
217-632-3583
Email us Here
ATTACHED FILES

There are no multimedia files attached to this release. If this is your release, you may add images or other multimedia files through your PRWeb News Management Console.

ABOUT PRESS RELEASES
If you have any questions regarding information in these press releases please contact the company listed in the press release. Please do not contact PRWeb. We will be unable to assist you with your inquiry. PRWeb disclaims any content contained in these release. Our complete disclaimer appears here.