Benefit Software Inc. Announces New Fringe Facts Personalized Employee Benefit Statement Service.

Business Editors & High-Tech Writers

SANTA BARBARA, Calif.--(BUSINESS WIRE)--Oct. 18, 2001

Benefit Software Inc. (www.bsiweb.com), the leader in employee benefit communications, announced the addition of a new Personalized Employee Benefit Statement (PEBS) service.

Benefit statements show employees the benefits they have through their employer and what those benefits are worth. This helps employees understand and appreciate the total value of their complete compensation packages. Employers who provide their employees with personalized benefit statements find that employee morale goes up, turnover is reduced and productivity increases.

Now Benefit Software's clients have three options when it comes to producing personalized benefit statements. Fringe Facts Communicator software can be purchased to create statements in-house, Fringe Facts Online can be utilized to give employees 24-hour access to benefit statements over the Internet, and the new service, which includes the design and preparation of benefit statements. These benefit communication solutions are available through insurance agents, brokers and human resource consultants partnering with Benefit Software.

The benefit statement service utilizes BSI's Fringe Facts Communicator software to create personalized employee benefit statements. According to Larry DuBois, Benefit Software's president: "We recognized there was a substantial market of potential clients who would benefit from our software, but did not have the internal resources to complete the benefit statement project. Preparing benefit statements is a demanding process and requires appropriately trained and experienced staff.

"In many cases, the employer's professional advisors are unable to provide this service, and they have turned to us to help them out. This new service allows companies to send us their information, and we do all the designing, formatting, calculations and printing. In other words, we provide total outsourcing of the benefit statement process. Clients benefit by having the final product without having to purchase, install and learn the software."

Personalized Benefit Statements created by Benefit Software represent a competitive offering for organizations seeking an affordable, outsourced solution to attract and retain top-notch employees.

About Benefit Software Inc.

Benefit Software Inc. delivers advanced software solutions that manage benefits communications and workers compensation claims. For more information, visit www.bsiweb.com.