The Team Solution, Inc and Aspen Management Corp Announce Private Label Licensing Agreement

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The Team Solution., Inc., announced today the launch of its Private Label Licensed partner, Aspen Management Corp., headquartered in Reno, Nevada. Aspen Management, has elected to Private Label the Team Solution Human Resources Outsourcing platform, under the name of Strategic Payroll Solutions.

Aspen Management Corp., over the past 25 years, has specialized in the development and distribution of highly specialized employeemember benefit and risk management programs. “Through our many strategic alliances and partnerships, we have access to a multitude of plans and programs not available to other insurance and employee benefit organizations”, said Patrick Zunini, Executive Vice President. “We have been following the integration trends of Human Resource outsourcing tools such as payroll processing into the Workers’ Compensation, Employee Benefits, Voluntary Benefits and Financial Services sectors for years. With the passage of National Healthcare Reform, there are at least 10 new rules and regulations that tie payroll processing directly into employee benefits administration and reporting. The Team Solution platform provides us with the Human Resource Outsourcing tools necessary to deliver an entire new revenue, retention and profit center solution to our strategic partners, distributors, agents and brokers and insurance company clients”.

“Furthermore, TSI’s payroll processing solution will provide us with the capability to convert our Workers’ Compensation captive clients, to a “Pay as You Go” billing, collection and “real time” auditing system. Their payroll system will provide the captive with per pay period premium development, premium billing, collection and “real time” audit capability on every client. This innovative approach will help us to dramatically reduce our operating costs in the billing, collection and reconciliation of premiums, provide us with "real time" premium auditing capability, thus eliminating audit expenses, while significantly improving our premium collection and increased use of money over conventional industry methods.

The Team Solution, Inc., licenses a turnkey, Human Resource Outsourcing technology platform consisting of Payroll Processing, Time & Attendance, Labor Management, Scheduling, Human Resource Management Systems, Dependent Eligibility Programs, Business Tax Credit programs, Employee Benefits Enrollment and Management, Unemployment Insurance Audits, "Cash Flow Work Comp, Human Resources Knowledge Base and more. Licensees can partner with TSI and offer these services either as a Team Solution partner or as a Private Label partner for a seamless integration into their existing operations.

TSI partners with and distributes its’ platform throughout the Property & Casualty, Employee Benefits, Risk Management, Banking, Credit Union, Merchant Services and Employment Law markets.

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Raymond DiDia
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