CMG Consulting and Open Minded Solutions Develop Self-Service Employee Benefits Intranet Application for HR Benefits Administration; Silicon Valley Firms Announce D-Access Available Oct. 2.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Sept. 16, 1997--CMG Consulting Inc. (CMG CMG Coastal & Marine Geology (USGS) CMG Chipotle Mexican Grill, Inc. (stock symbol) CMG Companion (of the Order Of) St Michael and St George CMG Computer Measurement Group ), a Silicon Valley-based benefits administration and consulting firm 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 , announced today that it has formed a strategic partnership with Open Minded Solutions Inc. (OMS OMS - Opportunity Management System ), a software developer, to jointly develop a new employee self-service human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. extranet application. OMS provides intranet and extranet applications to customers enabling integrated employee benefits communication and online transactions. OMS is demonstrating its HR solution capabilities through Sept. 17, 1997 at the Coopers & Lybrand L.L.P. Discovery '97 HR and Benefits Conference being held at The Phoenician Hotel, Scottsdale, Ariz. (Booth No. 18). OMS, based in San Jose, Calif., is developing an application that will allow CMG to build D-Access, an online employee benefits service. At its first release, scheduled for Oct. 2, 1997, D-Access will access 401(K) plans. D-Access is a product specifically developed for companies managing employee benefits for medium to large size firms. The D-Access product name refers to its delivery of daily and direct access on a 24-hour, seven-day basis to users. The self-service benefits bureau lets individuals take control of their benefits, including Section 125 Plans (Flexible Spending Accounts flexible spending account, n an employee reimbursement account primarily funded with employee-designated salary reductions. Funds are reimbursed to the employee for health care (medical and/or dental), dependent care, and/or legal expenses and are ), and group health benefits. The application will also ease employee communication by enabling document publication, for information like Summary Plan Documents (SPDs), Frequently Asked Questions and company Explanations of Benefits. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. David B. Moreland, president and chief executive officer of CMG, both companies saw the need for the integration of benefits communication and transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . "The D-Access online service bureau streamlines many of the routine, but critical, services that human resources departments perform, such as changes of address, transfers of funds and enrollment in company-offered benefits plans. Now they will be able to reduce the amount of redundancy and potential for error while increasing accuracy and the expediency of response to employee requests for information." Jonathan E. Hazlett, OMS founder and chief executive officer, said that by providing online service bureaus such as D-Access, companies can provide a solution that will empower employees to manage their own benefits. "Communication and management of benefits plans are crucial for a company to attract and retain high quality staff. This can have a direct impact on a company's bottom line and market valuation. The Web enables Human Resources to fulfill its role as a strategic partner by providing better service to the company's employees, management and ultimately the shareholders," said Hazlett. "As more and more employees gain access to the web from work or home they will expect to exercise control over their own personal and business data. In five years employees will require Web access from their employers just as they require phone and voice response access today," he continued. The D-Access service bureau will be fully integrated with IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. (Interactive Voice Response) systems and Web browsers The following is a list of web browsers. Historical Historically important browsers In order of release:
Open Minded Solutions (OMS) is a leader in the development and deployment of intranet and extranet software applications that link customers, service providers and employees to corporate databases, information systems and services. OMS has been deploying HR Internet and intranet applications for companies such as AT&T, Lucent Technologies, Siemens Business Communications Systems and the University of San Francisco • • [ . CMG Consulting Inc. is a corporate benefits administration and consulting services company to primarily small and mid-sized firms in Denver, Sacramento, Seattle and Silicon Valley. The company also provides comprehensive financial and retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. services to corporations and individuals. CMG Consulting is based at 101 Metro Drive, Suite 500, San Jose, Calif. Telephone is 408/467-2036; fax, 408/452-0210. -0- Note to editors: Background information on Open Minded Solutions is available, contact Pacifico. OMS Web site launches Oct. 1: http://www.omsnet.com CONTACT: Pacifico Inc. Marilyn Nix, 408/293-8600 mnix@pacifico.com or CMG Consulting/OMS Karla Rodriguez, 408/467-2036 KRODRIGU@cmgconsulting.com |
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