The Challenge
More and more forward thinking providers of employer services (insurance brokers, consultants, enrollment providers, TPAs, PEOs and payroll providers) are turning to communication solutions – specifically total compensation statements. Helping clients promote the value of their total compensation programs through the creation and distribution of on-demand total compensation statements however, has proven to be both a strategic advantage and a curse.
Current industry solutions have proven limited at best. Options include creating statements internally with a simple Word and Excel mail-merge. While simple in concept, it often delivers a less than professional statement. Additionally, for your clients looking for an online statement, this option just won’t do.
Another option would be to purchase desktop software. While this solves the professional output issue, it opens up a whole new challenge – a huge learning curve. With complicated marketplace desktop solutions, simple and easy are not used in their descriptions. Also, there is no online statement output with these solutions.
You could also bring in a specialized consultant to provide this service to your clients. With this option, you now have a professional statement as well as online statement capabilities (in most cases). At the same time, you have effectively limited your place in the value proposition chain and introduced a very expensive annual expense for you or your client.
New Way Forward
Introducing a new partnership model that allows you to confidently offer total compensation statements to your clients and prospects as your own service, but have an industry best, back office support you and your clients’ needs.
The Agency Edition is designed to allow employer service providers to produce professional, high-impact, total compensation statements through a private labeled platform. To get started, all you need is a web browser and Internet connection. As a web based program, both you, your client and our dedicated support team can access the application and work on the project in partnership. The login page can be linked to your agency's website so your clients and prospects would visit your site before logging in to the application. If you are familiar with Word and Excel, you have the skills to produce highly effective, total compensation statements using the Agency Edition.
Your partnership with Total Rewards Software also includes full product support along with professional implementation services as needed. Let our professional services team leverage over 900 project implementations over an eighteen-year period to ensure your clients' project success.
With the Next Generation of Agency Edition, you can build your business by adding significant value to your client relationships and attract new business with additional value added services.
Next Steps...
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