Press Releases

Risk Strategies Company's New Qualification Program for HR and Benefits Technology Demystifies Market Clutter

Rapid Growth in Market Offerings, Interest in Use for ACA Compliance Efforts Drives Process to Simplify Technology Alignment for Specific Client Types and Needs

BOSTON, June 28, 2016 -- Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, today announced the launch of its new qualifying program to help clients easily understand the strengths and weaknesses of HR technology offerings on the market and help them decipher which ones are best suited to their needs and business goals.

The current proliferation of integrated technology platforms promising to simplify Affordable Care Act compliance, employee benefits administration and payroll management, presents a daunting landscape for companies seeking to drive efficiency without compromising the execution of this important decision. The Risk Strategies program helps clients cut through the confusion by quantifying capabilities of participating technologies so their relative merits can be better understood.

"Like so many aspects of business today, technology is transforming the way employee benefits are managed," said Inge Peters, director of human resources with Bridgewell, a non-profit, community-based organization headquartered in Lynnfield, MA providing residential services, employment services, and clinical services to individuals with disabilities and other life challenges. "Risk Strategies' benefits technology group knows the market. Their guidance made selecting the right technology, as well as implementing and managing it, simple and cost effective."

As one of the country's top specialist brokerages for employee benefits planning and administration, Risk Strategies has years of hands-on experience helping clients assess, select, implement and use technology systems for managing human resource functions. The newly announced qualification program captures years of experience in a repeatable evaluation process that verifies a range of specific capabilities and attributes important to smooth integration, high user adoption rates, efficient operation and real-world value, including:

• Architecture and security
• Key functionality
• Service, support and training
• In-depth, per-module or package comparative pricing assessment

Using this qualification process, Risk Strategies' Employee Benefits Group regularly evaluates new technology entrants, as well as re-evaluates existing offerings that have received significant enhancements.

"Turning the promise of technology into operational reality is a confusing, frustrating and drawn-out affair for organizations acting on their own," said John Greenbaum, Risk Strategies Employee Benefits practice lead. "This qualification program makes it simple to create a short list of offerings that can do the job and are a good fit for a client's specific situation."

The qualification program allows Risk Strategies' Employee Benefits Group to confidently endorse and recommend technologies best suited to a client's specific characteristics including size of enterprise, complexity of benefits plans and readiness of their workforce to adopt technology, among others.

To learn more about Risk Strategies, please visit www.riskstrategies.com

About Risk Strategies

Risk Strategies is the 9th largest privately held US brokerage firm offering comprehensive risk management advice, insurance and reinsurance placement for property & casualty, employee benefits, private client services, as well as consulting services and financial & wealth solutions. With more than 30 specialty practices, Risk Strategies serves commercial companies, nonprofits, public entities, and individuals, and has access to all major insurance markets. Risk Strategies has over 100 offices including Boston, New York City, Chicago, Toronto, Montreal, Grand Cayman, Miami, Atlanta, Dallas, Nashville, Washington DC, Los Angeles, and San Francisco. RiskStrategies.com.