In accordance with our philosophy of providing our clients with the solutions they need to more effectively manage their workforce, we identified the SAFE Harbor tool as a valuable complement to our enterprise HCM suite of products.
(PRWEB) February 25, 2014
PeopleStrategy, Inc. a leading Software-as-a-Service (SaaS) provider of versatile Human Capital Management (HCM) solutions, today announced a partnership with Empryean Benefits Solutions, Inc., an advanced HR technology and service company dedicated to the administration of employee benefits for large and small corporations. Through this partnership, PeopleStrategy’s clients can gain access to Safe Harbor™, a SaaS-based ACA “Pay or Play” compliance business intelligence solution that enables employers to more easily demonstrate compliance with Pay or Play requirements for all employees, thereby avoiding significant penalties while saving time and resources.
“As an employer, PeopleStrategy is fully aware of the challenges our clients face in addressing the new landscape created by the Affordable Care Act,” stated Carl Miserendino, Senior Vice President of Business Development for PeopleStrategy. “After careful consideration, it was evident that Empyrean offered a best-of-breed automated ACA compliance solution to meet additional complexities faced by certain companies along with the support and value we expect from our partners. We are pleased to be partnering with Empyrean to provide our clients with another alternative to meet ACA compliance and recordkeeping requirements.”
Pay or Play requires large employers as defined by the Affordable Care Act to offer enrollment for qualified medical benefit plans to employees who work an average of 30 hours per week for a defined Measurement Period. Employers that cannot substantiate their compliance may be liable for substantial penalties. The Empyrean Safe Harbor tool supports all employer Pay or Play compliance needs – no matter how complex: it allows for employer-defined measurement and stability periods, simultaneously tracks new hire and ongoing qualification status, and generates timely and accurate reports.
PeopleStrategy will offer Safe Harbor as an integrated component of PeopleStrategy eHCM, an Enterprise HCM solution that streamlines mission-critical and strategic processes essential to successfully managing a workforce. While PeopleStrategy eHCM provides employers access to the data and reporting necessary to meet ACA requirements, the company will now also be able to offer employers a more comprehensive ACA compliance tool should they require it.
Keith Wilson EVP of Channel Partners & Mid-Market stated, “Empyrean’s vision of Safe Harbor was to provide an easy-to-use SaaS solution to support employers of all sizes with hours tracking, compliance and reporting. The technology was created to provide both a stand-alone as well as an integrated solution with Empyrean’s full suite of benefit administration technology modules. We believe we are truly the sole provider in the marketplace who can automate the complex requirements of ACA compliance with broader benefit administration tools that are fully technology enabled. We are excited to provide complimentary services to PeopleStrategy, and support their goal of providing quality services to their customers.”
About PeopleStrategy, Inc.
PeopleStrategy is a leading Software-as-a-Service (SaaS) provider of versatile Human Capital Management (HCM) solutions designed to help companies of all sizes successfully perform mission-critical payroll and human resource management functions - in less time, at a lower cost and with fewer resources. For more information, please visit our web site at http://www.peoplestrategy.com.
Founded in 2007, Empyrean Benefit Solutions is a leading provider of technology and services for managing large and middle-market employers' health and benefit programs. The company's open systems approach brings together the industry's most advanced benefits technology platform with the market's leading domain experts. This agile business solution drives greater value to employers and employees during increasing market uncertainty by giving them an unprecedented level of flexibility, through best-of-breed integration of other software and service providers. Empyrean's founders are former principals with some of the country's largest benefits administration service providers. For more information visit http://www.GoEmpyrean.com.