Press Room

BeneTrac Announces Gold Platform for Managing Benefits Enrollment and Changes

San Diego, CA, March 30, 2010 -- BeneTrac, a Paychex company and provider of powerful, web-based electronic enrollment and employee benefits administration software, today announced BeneTrac Gold, an online benefit management platform that enables employers and human resources professionals to eliminate paperwork and easily automate management of their complete benefits packages through a single, customized portal. As with BeneTrac's flagship Platinum product, BeneTrac Gold gives HR managers, benefits administrators, and employees the ability to automatically add, update, and manage benefits information (within the context of a company's specific rule, plan, and rate guidelines) and offers administrative users a true picture of company benefits at any time.

Organizations using the more affordable Gold platform have access to an outside administrator feed that can be used in exchanging plan data and updates with carriers. Alternatively, users can opt to enroll manually, or via carrier web sites, or advance to BeneTrac Platinum for automatic, seamless data exchange.

"At BeneTrac, we are dedicated to listening to customers and prospects, and building solutions that address the specific ways in which human resources managers and benefits administrators want to manage information. With our new Gold platform, we give brokers and HR managers at companies of all sizes more options for interacting with BeneTrac's superior eligibility engine," said Art Brooks, vice president of sales for BeneTrac. "And, we continue to make it easy and back up everything with a premium level of customer support, so little training or technical expertise is required, and brokers and their HR customers are able to see immediate value."

BeneTrac incorporates data from Excel spreadsheets, databases, paper documents, and any other relevant sources, to build each company's comprehensive benefits management site and provide automatic evaluation of enrollment activities. Changes, for alterations in plan, rule, or benefits information impacting the system, are made by BeneTrac. Additionally HR and benefits managers using BeneTrac Gold can also:

• Interface with HRIS (Human Resource Information Systems) including SAP, Oracle, PeopleSoft, HRO, and others.
• Maintain full ownership of data, with the ability to transport information at any time.
• Easily navigate through the system and enroll in plans and make benefits changes 24/7, with the additional benefits of batch processing and other capabilities for administrators.
• Manage notifications and billings for COBRA policies.
• Set levels of approval for all data and determine the extent to which employees and others have access.
• Automatically compute the value of each employee's total compensation package, including annual earnings and employer-paid benefits, and make this information available as the individual logs in.
• Access self-billing and bill reconciliation tools to prevent overpaying on carrier bills.
• Communicate with employees on a number of levels via the system and apply specific filter criteria to target messages.
• Access a variety of robust, broad-based, and detailed reports.
• Gain unlimited access to live, email, and other levels of customer support.
• Rest assured with advanced security levels provided with daily backups, backup servers, added protective layers, and other systems and procedures used to safeguard information from being lost or accessed by unauthorized personnel.

BeneTrac's award-winning technology has been used by HR managers and benefits administrators for over a decade. Today it is offered through several thousand brokers to help HR professionals and administrators manage the benefits of over a million members in more than 1,000 organizations throughout the U.S. BeneTrac has relationships with over 400 carriers and providers, with which it can electronically transmit information using its Platinum product.

About BeneTrac
BeneTrac, a Paychex company, is a provider of powerful, web-based electronic enrollment and employee benefits administration software. The company's online benefit management technology enables employers and human resources professionals to eliminate paperwork and automate management of their complete benefits packages through a single, customized portal. BeneTrac's one-stop-shop platform for automatically adding, updating and managing information, and exchanging data with providers, capitalizes on relationships with more than 400 carriers. The technology offers a robust, affordable, user-friendly system that simplifies benefits administration.

For more information, please visit www.benetrac.com.

NOTE: Screen shots available upon request.