Benefits administration plays a major role in the success of any company—regardless of size or specialty. From employee benefit management to supporting employee engagement, benefits administration is a vital (and highly demanding) part of HR. Thankfully, today’s HR teams can leverage powerful technology tools to reduce the redundant processes and unpredictable expenses associated with benefits administration—ben admin platforms.
Here at Apprize Technology, we help employers across the nation make benefits administration as painless as possible. Our versatile ben admin services make ongoing administration, benefits enrollment, billing and payroll integration easy—empowering employees to make smarter benefits decisions and driving better results for your business. Today, we’ll be diving into the potential benefits of investing in a mobile benefits admin platform to help you decide whether it’s a worthwhile investment for your team.
A ben admin (benefits administration) platform is a resource that streamlines every aspect of the HR, payroll, and benefits process for employees and employers alike. Think of it as a one-stop shop for HR Managers and Administrators to handle reporting, billing, and integrations—and for employees to shop or enroll for plans. With a tool like this, your company can reduce administration workload, increase billing accuracy, and make it easier for employees to understand the enrollment process—while meeting ACA reporting and compliance requirements.
Thanks to the rising popularity of mobile devices, leading benefit administrative platform providers have adopted mobile capabilities as well. For example, our Mobile Benefits Portal allows employees to securely shop and enroll for plans on-the-go with any smart device. Our unique approach also makes it easy for employees to access their benefits information while on the move, bringing convenience and speed to the benefits process. Ben admin platforms with mobile capabilities are typically called mobile benefits platforms (or mobile ben admin platforms).
Now that you have a better understanding of what mobile benefits platforms are, let’s figure out whether this technology investment is worth your time and money. Here are a few telltale signs that your business will find major value in adopting a mobile ben admin platform:
Did you know that workload reduction is the number one reason why companies invest in a ben admin platform? After all, HR specialists need to balance managing human capital with administrative aid, secretarial support, and much, much more. In short, their jobs are tough—which is why ben admin platforms were created to lighten the load.
Mobile benefits platforms simplify a range of time-consuming HR tasks, including ACA reporting, tracking eligibility, billing and invoice correction. By making these tedious responsibilities faster and easier, a benefit administrative platform frees up hours and enables HR staff to invest effort into other initiatives that deliver real business value.
Thousands of businesses overpay on premiums. This can be due to ineligible employees, tier or coverage discrepancies, and many other factors. If your HR team is having trouble with managing payments for ineligible employees, dependants or terminated employees, definitely consider picking up a benefits administration platform.
Health and benefits plans can be complicated, especially without an expert to guide you through how they work. That’s why leading ben admin platforms offer interactive support tools to guide users through plan features and help them find the ideal fit. With a ben admin platform, your employees can use these tools to understand the specific features (and health or financial implications) of each plan—allowing them to shop for plans with confidence.
These are just a handful of reasons why you might want to invest in a mobile benefits platform. Whether you need to maximize billing accuracy, save time developing enrollment forms and collecting data, or communicate more effectively with employees, mobile ben admin platforms are a great way to stay connected and simplify the benefits process for all parties—no matter the time or place.
Ultimately, the decision on whether to use an employee benefit management platform to streamline your business’s HR operations comes down to analyzing potential risk vs. reward. If you’d like a breakdown of this process, we highly recommend looking at this Forrester Consulting study on the bswift ben admin platform. This short animation breaks down the potential ROI your business could realize by utilizing the bswift platform through Apprize.
Ready to learn more about mobile benefits platforms and the value they can bring to your employees and business? Then reach out to us. We’d be happy to walk you through the process of deciding whether the value of a benefit administrative platform will outweigh its costs—and finding the right platform for your team’s unique needs.
If you’re ready to get started with a mobile benefits platform today, then check out our platform demos for bswift and benefitsCONNECT! These are free trials you can use to see the impact of a leading-edge mobile benefits platform firsthand! And again, be sure to connect with us if you need help finding the right benefits admin solution for your team!