Chicago, IL & Windsor, CT (PRWEB) February 22, 2012
SilkRoad technology, inc., a leading global provider of cloud-based social talent management solutions, together with SS&C, a global provider of investment and financial software-enabled services and software, announced today they have entered into a partnership, combining SS&C’s BenefiX cloud-based data exchange service with SilkRoad’s HRMS technology solution, HeartBeat.
With endless formats specific to insurance carriers, sending enrollment data to individual benefits providers has traditionally been a time and labor intensive process. By integrating SS&C’s BenefiX with SilkRoad’s HeartBeat, companies benefit by having a single HRMS solution that manages all employee HR data including benefits plans, simplifying the process for employees, managers and HR. With BenefiX providing benefits data exchange to over 150 carriers, benefits administrators are freed from this tedious, time-consuming task allowing them to focus on building a self-motivating, employee-centric culture that attracts and retains top talent.
“Managing benefits has traditionally been a high-cost task with a heavy time investment,” says Bill Stone, chairman and chief executive officer, SS&C Technologies. “Our partnership with SilkRoad will remove these barriers, delivering HeartBeat users a quick and cost effective solution.”
Companies using HeartBeat can now expect direct transmission of enrollment information from HeartBeat to insurance carrier, as well as:
- Built-in integration with the entire BenefiX library of over 150 insurance carrier adapters and out-of-the-box integration with carrier specifications
- Implementation times as little as 15 days, or 45 days for new insurance carriers, rather than the average industry integration lead time of six months or longer
- Quality data and run-time edits to ensure complete and correct enrollment information is being sent to the insurance carriers
“SilkRoad is intent on providing HR professionals with the solutions they need to develop and maintain happy and engaged employees,” said Andrew J. “Flip” Filipowski, CEO, SilkRoad technology. “With the SS&C partnership, we are pleased to provide yet another layer in our benefits administration solution as companies look to automate their most complicated and time intensive processes and free up time to address their talent management strategies.”
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. 5,000 financial services organizations, from the world's largest to local financial services organizations, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $16 trillion in assets. Additional information about SS&C (NASDAQ: SSNC) is available at http://www.ssctech.com.
About SilkRoad technology, inc.
SilkRoad is a leading global provider of cloud-based social talent management solutions. Their passion for creating the finest employee experience drives everything they do. The award-winning SilkRoad Life Suite is an integrated set of employer-branded HCM solutions that power businesses with the latest Web 2.0 and social media innovations: OpenHire for recruiting, RedCarpet for onboarding and life events, WingSpan for performance management, GreenLight for learning management, Eprise for intranets, and HeartBeat for trusted core HRMS. The Life Suite is ideally suited for businesses of every size because of its unique and open “start anywhere” architecture – implement the complete suite or begin with one product and add functionality as you need it. Either way, it’s the fastest path to develop more productive and empowered employees who can rapidly boost business performance. Visit silkroad.com, follow them on Twitter @SilkRoadTweets or call 866-329-3363 (U.S. toll free) or +1-336-201-5100.
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