New Providence, NJ, January 30, 2018 – EverythingBenefits, a provider of comprehensive, next-generation benefits technology solutions and services, today announced an association with Transamerica, a leading provider of insurance, retirement and investment solutions. The arrangement will develop bidirectional 360° financial information communication networks to allow financial data to securely transmit between Transamerica and their clients’ payroll/HCM platforms to support timely and efficient payroll and retirement plan reporting.
EverythingBenefits connects employers, payroll service bureaus (PSBs) and insurance carriers together via a centralized network that facilitates fast and effective communication and administration. The company bridges together operations and technology to meet the benefits needs of plan administrators, plan sponsors, and client employees alike.
The integration between EverythingBenefits and Transamerica allows data from carriers to automatically be communicated back to clients’ payroll/HCM systems in the form of accurate and secure file transmissions; these 360° bidirectional feeds will improve clients’ payroll and tax processes and streamline their employer-sponsored retirement plan administration experience.
Transamerica is part of EverythingBenefits’ expanding ecosystem of interconnected health, voluntary, and financial benefits providers. The company’s mission is to transform the insurance benefits experience for its network of payroll and HCM partners and their clients by leveraging their unique benefits technology solutions. With relationships built on empowering their partners through effective sales, marketing, and implementation strategies that help fuel product development and innovation, EverythingBenefits is changing the way people experience their benefits.
“By establishing bidirectional data feeds with Transamerica, we can facilitate the reciprocal flow of financial communications between them and our partner payroll/HCM platforms,” says Dmitry Korsunsky, CIO of EverythingBenefits. “The integration itself will lead towards a lower cost of administration and a more accurate and speedy reporting process overall for our clients.”
EverythingBenefits is a leading provider of next-generation, end-to-end benefit technology solutions and services that help businesses of all sizes and their employees experience benefits in more meaningful ways. By leveraging an open business model, EverythingBenefits partners with benefit brokers, independent agents, insurers, payroll and human capital management companies, and other providers. The company’s philosophy is that technology should make life simpler, more rewarding, and more enjoyable. For more information, please visit our website at http://www.everythingbenefits.com or connect with us via LinkedIn, Twitter, or Facebook.
With a history that dates back more than 100 years, Transamerica is recognized as a leading provider of life insurance, retirement and investment solutions, serving millions of customers throughout the United States. Recognizing the necessity of health and wellness during peak working life in order to enhance the prospects for a lifetime of financial security, Transamerica’s dedicated professionals work to help people take the steps necessary to live better today so they can worry less about tomorrow. Transamerica serves nearly every customer segment, providing a broad range of quality life insurance and investment products, individual and group pension plans, as well as asset management services. In 2016, Transamerica fulfilled its promises to customers, paying more than $7.2 billion in insurance and annuity benefits, including return of annuity premiums paid by the customer. Transamerica’s corporate headquarters is located in Baltimore, Maryland, with other major operations in Cedar Rapids, Iowa. Transamerica is part of the Aegon group of companies. Based in the Netherlands, Aegon is one of the world’s largest providers of life insurance, pension solutions and asset management products, operating in more than 20 markets worldwide. For the full year of 2016, Aegon managed $784 billion in revenue generating investments. For more information, please visit http://www.transamerica.com.