Introducing NEW Clarity Technology Enhancements - File Manager and Implementation Tool
Thanks to technology, the benefits landscape is evolving, revolutionizing how benefits are managed and enhancing the employee experience.
This article explores how technology is reshaping benefits processes, leading to increased efficiency and improved outcomes for employers and employees.
Embracing Technology in Benefits
The adoption of benefits technology brings many benefits. Here are a few:
- More Time Freedom through Automation
The right technology can streamline processes and automate repetitive tasks such as data entry and compliance reporting. It allows HR professionals to allocate their time toward strategic initiatives and nurturing employee engagement. Particularly, our recent enhancements to online implementation and renewal tools, including the introduction of a new PIN process, collaboration features, hover-over tips on forms, comprehensive overview implementation guides, updated email notifications and alerts, as well as improvements to ACH agreements and EDI and 834 file contacts, further empower efficiency and effectiveness in implementing, managing and renewing benefit plans.
- Increased Precision and Reliability
Manual data entry is error-prone, leading to costly mistakes. The right benefits technology can reduce these risks by automating data collection and validation, ensuring up-to-date information and adherence to compliance.
On that note, Clarity Benefit Solutions is excited to introduce File Manager, an innovative tool that simplifies the upload process securely through our Clarity portal. With features like real-time validation and comprehensive processing history, File Manager ensures data accuracy and security while providing complete visibility into processing status and quick issue resolution, all in a user-friendly interface. Learn more about File Manager Today!
- Improved Employee Experience
Self-service options empower employees, offering access to personalized guidance and resources, thus enhancing satisfaction and increasing engagement and usability.
- Complete Data Integration
Integration capabilities ensure seamless data synchronization across HR systems, payroll, and benefits platforms, facilitating better decision-making and comprehensive employee data management.
Benefits Administration 2.0 (in other words, with better technology)
Effective benefits administration revolves around three core components: enrollment, eligibility determination, and ongoing management. Let’s explore how technology is reshaping each of these areas:
Enrollment Simplified
Benefits enrollment has changed dramatically. Traditionally a paper-based process prone to errors and administrative overhead, online self-service portals like the Clarity Portal empower employees to conveniently review and select their benefits, reducing paperwork and ensuring accuracy.
Precision in Eligibility Determination
Technology can automate employee benefits eligibility verification, ensuring only eligible employees are enrolled, thereby minimizing errors and administrative burdens.
Seamless Ongoing Management
Once enrolled, benefits administration demands continuous management. Technology centralizes all processes on one intuitive platform, from handling life events to managing claims. Automated workflows and notifications ensure timely and accurate administration, alleviating HR workload.
Real-World Impact, Today!
In 2022, MetLife reported that employees are 70% more likely to remain loyal to their employer if they’re satisfied with their benefits. A big part of that satisfaction came from making sure the benefits were easy to use and understand. Technology can play a significant role in achieving that goal.
Additionally, self-enrolling platforms offer substantial savings for employers. For instance, while manual enrollment typically incurs a cost of approximately $110 per employee, self-enrollment comes in at under $22. By automating HR tasks, employers can save approximately 14 hours per week compared to manual completion methods.
And, let’s not forget about the advent of (Artificial Intelligence) AI which introduces new dimensions to benefits administration. AI-powered chatbots and machine learning algorithms revolutionize employee support and data analysis, further streamlining processes and enhanced decision-making capabilities.
Embrace the Future with Technology and the Right Benefits Partner.
As technology evolves, its role in benefits becomes increasingly indispensable. Organizations that embrace comprehensive benefits technology solutions stand to simplify administration complexities, save resources, and ensure compliance.
Looking to partner with a TPA that embraces the transformative power of benefits technology firsthand? Contact us today and ask about our newest innovations - File Manager and our Implementation tool, today!
