BenefitPoint Passes Major Milestone - 30,000 Employers Representing 10 Million Employees Now Configured On the BenefitPoint Platform.Business Editors & High Tech Writers SAN FRANCISCO--(BUSINESS WIRE)--Jan. 17, 2001 Industry Adoption Of Employee Benefits eInfrastructure Company Continues To Accelerate BenefitPoint, Inc., the leading eInfrastructure company for the distribution and management of employee benefits, announced today that it has installed over 200 brokerage/consulting firm offices. These offices have uploaded over 35,000 employers, representing employee benefits products and services for over 10 million employees, on the BenefitPoint system. This milestone “Milemarker” redirects here. For the American indie rock band, see Milemarker (band). A milestone or kilometre sign is one of a series of numbered markers placed along a road at regular intervals, typically at the side of the road or in a median. validates that the country's largest brokerages and consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a are using the BenefitPoint platform to transform the way employee benefits products are distributed and managed. It is also testament to the fact that BenefitPoint is enjoying widespread adoption by the $600 billion employee benefits industry as a whole. "We are very pleased with the commitment of our customers in driving the use of the BenefitPoint platform throughout their organizations. Over the past 12 months, we have made considerable investments in account management, training staff, and leading edge web-based training technology to assist our clients, and it is exciting to see the hard work paying off," said Ralph Gowen, Vice President of Services at BenefitPoint. BenefitPoint continues to partner with the leading U.S.- based employee benefits brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. and consulting firms and is aggressively moving to grow its relationships with regional and national insurance carriers. The BenefitPoint application suite enables insurance carriers to leverage eCommerce See e-commerce. for more efficient product distribution through the existing channel. To date, BenefitPoint has agreements with 18 insurance carriers representing all major lines of employee benefits products and services. About BenefitPoint, Inc. BenefitPoint, Inc. delivers the leading Internet-based employee benefits infrastructure for the distribution and management of group insurance and financial products. As the central nervous system of the employee benefits industry, BenefitPoint provides a complete set of B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business services enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. Building on the existing industry relationships among carriers, broker/consultants, employers, and employees, the BenefitPoint solution combines the efficiency of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the with the established distribution model of the insurance industry to eliminate paper (saving everyone time and money), to make it possible to deliver more products and services (giving everyone more choices), and to make better information available (enabling everyone to make better decisions). Since general availability in February February: see month. 2000, BenefitPoint has received widespread industry adoption from regional and national insurance carriers as well as from more than 120 of the leading U.S.-based broker consulting firms. The company, headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden can be reached at 415/277-5600 or at www.benefitpoint.com. BenefitPoint Inc. is privately held. BenefitPoint is a trademark of BenefitPoint, Inc. All other company and product names mentioned here are trademarks of their respective owners. |
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