BeneTrac Announces HR Software Adoption Milestones, Exceeding Expectations for 2005
Leading provider of benefits management software announces 1.6 million enrollments and $78 million in premiums managed.
San Diego, CA (PRWEB) October 20, 2005
Hawthorne Benefit Technologies, Inc., also known as BeneTrac (http://www. benetrac. com (http://www. benetrac. com)), a provider of powerful, web-based electronic enrollment and employee benefits administration software, today announced several milestones, showing the growing popularity of its software among HR and benefits administrators. The company, which today announced that it is currently managing a record 1.6 million employee enrollments, disclosed that this figure represents $78 million in premiums for its 450,000 members.
Ranked by Business Insurance Magazine in 2004 as one of the largest benefit information system providers, BeneTrac is quickly climbing the ladder with installations showing a 75 percent growth rate since February of this year. To update the benefit plans of members of these groups, BeneTrac facilitates over 2.4 million electronic data enrollment transactions to over 400 insurance carriers nationwide.
“Since BeneTrac is the recognized leader in this emerging industry, we have a unique responsibility to set the standard for accurate and efficient electronic enrollment technologies,” said Brian Daley, vice president of technology. The rapid growth of BeneTrac comes as no surprise to Mr. Daley. “Our architecture, systems and processes are robust and scalable. We are expecting, and look forward to, continued high rates of growth for the foreseeable future.”
BeneTrac’s online human resources benefits data and enrollment services are used by numerous small and medium sized companies, among them Carson City School District, UBISOFT, San Francisco Health Plan, Harmonic Inc. and A&D Engineering. CEO Jerry Hawthorne anticipates revenues this year to grow by more than 80 percent and staff to grow over 30 percent.
“Our business relationships are built on trust and communication. We pride ourselves on providing best-in-class benefits management software and employee self-service tools, which are distributed through alliances with more than 3,900 insurance brokers and consultants who know and trust our technology and expertise,” said Jerry Hawthorne, RHU, CHC, chief executive officer. “We also believe in making customer service a top priority, helping HR and benefits administrators find solutions to their technology and service needs.”
BeneTrac (also known as Hawthorne Benefit Technologies, Inc.) is a provider of powerful, web-based electronic enrollment and employee benefits administration software. The company’s online benefit management solution, available exclusively through insurance brokers and benefits consultants, enables employers and human resources professionals to eliminate paperwork and automate management of their complete benefits packages through a single, customized portal. BeneTrac’s one-stop-shop platform for automatically adding, updating, electronically exchanging, assessing and managing information capitalizes on relationships with more than 400 carriers. Leaders in software engineering, group insurance and human resources, the experts at BeneTrac are dedicated to offering a robust, affordable, user-friendly system that simplifies benefits administration. For more information, please visit www. benetrac. com.
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