(PRWEB) January 08, 2016
There is a technology wave sweeping the insurance and financial service industries, and the newest solution is being met with open arms. Benefits by Design (BBD) Inc. and PaymentEvolution have partnered to integrate their platforms and allow seamless payroll and benefits administration.
“Integrating payroll and benefits is a no-brainer” says Mike McClenahan, Managing Partner with BBD. “Technology is driving exciting changes in our industry - now it’s impacting simple math. Where one plus one used to equal two, when you integrate payroll and benefits on a shared platform, those two tasks become one, saving business owners time and money.” McClenahan has seen Advisors light up at the prospect of helping clients become more efficient by integrating payroll and benefits administration. “Our early conversations prove Advisors understand how the game is changing, and technology is key.”
Benefits administration and payroll integration means business owners reduce the time it takes to perform both functions. Changes impacting payroll are relayed between the two systems if they also impact benefits, so events like a salary adjustment, change in employment status, or even alterations to benefit coverage (and therefore deductions) happen smoothly. The integration was rolled out late last year to select clients of both PaymentEvolution and Benefits by Design. As of January 2016 it is available to everyone whose benefits are with BBD, either currently or as new clients.
“Our combined community of clients numbers over 15,000 Canadian small businesses” says Sam Vassa, CEO of PaymentEvolution. “We hear from entrepreneurs everyday that their time is best spent focused on their core business. Once payroll and benefits are integrated, the platform offers improved reporting, security, and an amazing employee experience that rivals what large businesses offer their staff. Benefits and payroll are now truly accessible to all small business owners in Canada.”
Technology is driving big changes at a fast pace in the financial service industry. Companies that previously would not have considered themselves technology-focused are finding opportunities to leverage internal systems and external partnerships to drive speedy innovation - all for their client’s benefit. BBD is excited to start 2016 connecting clients to time and money savings using technology.
About Benefits by Design
Benefits by Design (BBD) Inc. is a third party administrator providing technology-enabled group benefit and workplace solutions to help Canadian businesses. Working with a national network of group-focused Advisors, BBD provides benefits to over 3,500 organizations, and continues to drive innovation in the insurance industry. Read more at http://www.bbd.ca
PaymentEvolution provides easy to use, secure online payroll and payment services to small and mid-sized businesses across Canada. We're trusted by thousands of businesses, and process over $750M in payments. See why we're Canada's most loved payroll and payments service at http://www.PaymentEvolution.com