Completes end-to-end Evidence of Insurability solution for smooth benefits enrollment.
Reliance Matrix, a technology-driven employee benefits and absence management company, has expanded its partnership with Businessolver through an additional evidence of insurability (EOI) decision API, complementing the existing EOI submission API already in place. Together, the enhanced solution creates an unparalleled benefits enrollment experience for employees of mutual clients.
“Our signature approach improves service and accuracy compared to traditional file sharing and reconciliation”
Businessolver is a market-leader in SaaS-based HR and benefits technology, committed to enhancing employee experience and delivering employer value through their technology, Benefitsolver. Reliance Matrix is the #1 absence management provider in the US, according to Spring Consulting Group, and the owner of two US patents for HR technology solutions.
“Our integration with Businessolver delivers a seamless benefits enrollment experience for employees, which in turn drives benefit value and participation, and overall satisfaction,” said Paula Hanson, Assistant Vice President, Benefit Technology Solutions for Reliance Matrix.
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Enhanced Employee Experience, Streamlined Process Automation
The legacy Reliance Matrix integration on Benefitsolver allowed employees who elect benefits outside the guaranteed issue amounts to complete qualifying health questions without leaving the enrollment platform. Addition of the EOI Decision API automates real-time processing and data flow, eliminating errors and reducing the need for manual intervention.
This automation not only eliminates paperwork but also provides real-time approvals for qualifying applications, significantly improving efficiency. HR teams benefit from the elimination of manual tracking and decision entry, allowing them to focus on high value tasks and more meaningful team member interactions.
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The end-to-end EOI solution is available across virtually all Reliance Matrix lines of coverage. The integration utilizes Matrixlink, a proprietary platform that normalizes and integrates employer and employee experience data directly into an employer’s human capital management (HCM) or benefits administration system.
“Our signature approach improves service and accuracy compared to traditional file sharing and reconciliation,” Hanson said. “We leverage the client’s platform as system of record, ensuring minimal delays and dramatically extending the value of the employer’s HR tech investment.”
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Source: Businesswire
