The new offering features enhanced abilities to manage critical information, according to the company. These system improvements include, according to the announcement:
- Advanced Summary Plan Description (SPD) management features speed time to communicate with employees, increasing accuracy while supporting legal and regulation compliance.
- Vendor performance management dashboard lets users instantly gauge supplier performance against established metrics within any timeframe, and automatically calculates contractually agreed upon penalties due to insufficient performance.
- Streamlined audit trails ensure transparent processes and transactions, in compliance with key regulations.
- Simplified and enhanced search capabilities support fully informed decisionmaking taking into consideration a range of factors and precedents.
“Employee benefits is a leading expense for most companies and yet also one of the most loosely managed,” said Paul Daoust, chairman and CEO of HighRoads, in the news release. “Our Benefits Lifecycle Management solution replaces today’s inefficient model, uncovering opportunities for streamlined management and cost reductions while helping companies offer the quality benefit packages essential to a thriving workforce.”
More information about the company is at www.HighRoads.com .