Excerpt: To understand why a purpose-built solution is best for employee benefits carriers requires a look at the ...
FINEOS AdminSuite has been purpose built to support the North American and Global Employee Benefits market on the FINEOS Platform. FINEOS has designed and developed each product component of the FINEOS AdminSuite core system to align with the way our clients do business and how they think about their customers, partners and the ever-changing competitive landscape and market.
FINEOS AdminSuite provides broad and deep support for the various products and business models found in this complex Employee Benefits market. The FINEOS Platform capabilities enable a secure, scalable foundation in the cloud with workflow, rules, low code/no-code configuration and extensive APIs to support the broad partner ecosystem of Employee Benefits providers.
As employee engagement and satisfaction become more and more crucial, the employee benefits offered by employers have become a competitive advantage in the talent marketplace. The increasing competition for employers to have the best talent and an engaged workforce is creating fundamental change in the Employee Benefits industry. Employee Benefits are an important source of talent attraction, retention, income protection and help employers to support powerful employee engagement and healthy workplace culture. Insurance providers and their partners understand that the Employee Benefits service model has become a crucial factor in employers selecting and retaining their Employee Benefits package offering to their workforce. Employee health and well-being is a crucial requirement for having strong organizational health and the best employers are keen to ensure they do everything possible to protect their employees. The FINEOS platform will create a seamless employee benefits system.