BenefiX

Managing Carrier Integrations for Oracle HCM Cloud Customers

March 3rd, 2020
Agenda
SS&C Overview

Oracle Relationship

What is BenefiX

Why use BenefiX

BenefiX Dashboard

Client Testimonial

Q&A

Speakers:
Dave O’Meara | Director, Product Strategy, Oracle HCM Cloud
Adam Gates | Senior Principal Product Manager – Benefits, Oracle HCM Cloud
Grant Kreft | Vice President – SS&C
George Austin | BenefiX GM – SS&C
Matt Miron | Manager, HR Technology - SI Group 2
SS&C Overview

3
SS&C summary
About
• Founded in 1986, 22,000 employees, 100+ offices worldwide
• NASDAQ: SSNC (since Q1 2010)

Clients, Revenue and R&D

• 18,000+ clients
• 4.78B in 2019
• 2019 pro forma R&D spend of over $400million

4
Our Relationship

5
Oracle and SS&C
• Partners for over 9 years
• Oracle developed extract for BenefiX in 2011

• In 2020 Oracle enhanced the HCM extract for Benefits

• Added 450 new Benefits DBI’s
• Improves scalability
• Enhances capabilities
• Continued Support of seeded Extract Process

• 80+ Oracle HCM Cloud clients trust BenefiX

• Manufacturing, Pharma, Finance, Insurance, Technology, Telecommunications, Retail, Higher Ed.,
Logistics, Automotive, Aviation, Hospital/Healthcare

• No company too big or too small

• Clients range from under 500 employees to over 150k

• Over 1.7M subscriber records sent per month

6
What is BenefiX?

7
BenefiX Carrier Exchange Hub
• Direct integration from Oracle HCM Cloud

• Existing library of over 550 pre-built carrier specifications in production

• USA and Canada

• Will build to any requested carrier spec

• Benefit plans supported

• Medical
• Dental
• Vision
• EAP (as well as other health and welfare plans)
• Life & Disability (life insurance, LTD, STD, critical illness, etc.)
• Spending plan enrollments – FSA, HSA, commuter plans, etc.
• Wellness providers

• Rigorous security ensures protection of client and employee data

8
 What is BenefiX?
BenefiX

Carrier

Oracle HCM Cloud

Secure
Data Extracts
Carrier Employer
Transmission*
Specific File
HCM Extract
Format
Benefits Extract
COBRA Extract
Dashboard

*Encryption on all data – while in Summary

motion and at rest Report
9
Why use BenefiX?

10
Why Use Benefix?

• Rapid and easy implementation (15-30 days)

• Eliminates user error

• Clear fee schedule – no surprises

• Scalable and flexible with large and growing carrier integration library

• Can increase efficiency and replace 1 or more FTE

• Built-in quality checks

11
New - BenefiX Dashboard

12
Dashboard Highlights

• Intuitive view providing clear and easy oversight

• Notifications

• Feed Configurations

• Run Dates

• User Profiles

13
Intuitive Dashboard

14
Dashboard Demo

15
Client Testimonial – SI Group

16
Case Study

Client since July 2015

Fast Implementation

Easy Changes

Highly Efficient
Matt Miron
Responsive Team Manager – HR Technology
SI Group
Early Adopter of Dashboard

17
 Q&A

Responsive Team

18