Prudential Financial Launches Online Roster and Client/Self Billing for Group Insurance Clients.Business Editors NEWARK Newark, cities, United States Newark. 1 City (1990 pop. 37,861), Alameda co., W Calif., on the east side of San Francisco Bay; inc. 1955. , N.J.--(BUSINESS WIRE)--Aug. 21, 2003 Prudential Prudential is the name of two different companies and buildings named after them: Companies:
See: New York Stock Exchange :PRU PRU Prudential Financial PRU Pupil Referral Unit PRU Photographic Reconnaissance Unit PRU Potomac Rugby Union (Washington, DC) PRU Provincial Reconnaissance Unit PRU Projets de Rénovation Urbaine PRU Pruhonice ) announced today that it has launched online roster and client/self billing capabilities for its group insurance clients. The innovative additions allow clients to pay their group insurance bill in a fast, easy and convenient manner. "Online billing is designed to further enhance the service we provide our clients," said Ed Baird, president of Prudential's Group Insurance business. "By providing our clients with an accurate, user-friendly approach to bill paying, it's even easier for them to do business with us." With online roster billing, group insurance clients can make necessary changes to coverage information in real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. . They may also update employee information, add new employees or conduct searches by employee name and Social Security Number. In addition, employers now have online access to billing summaries for entire employee rosters or selected individuals. Online client/self billing allows clients to change covered lives and insurance volumes, enabling updated billing amounts to be calculated in seconds. "One of the most important enhancements to the bill paying process is electronic payment means," added Baird. "Bringing the process online not only saves time, but it also eliminates the need for paper copies of billing statements and employee documentation." Prudential Financial companies, with approximately $422 billion in total assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. as of June 30, 2003, serve individual and institutional customers worldwide and include The Prudential Insurance Company of America, one of the largest life insurance companies in the U.S. These companies offer a variety of products and services, including life insurance, property and casualty insurance, mutual funds, annuities, pension and retirement related services and administration, asset management, banking and trust services, real estate brokerage franchises and relocation services Relocation services or "employee relocation" includes a range of internal business processes that are engaged to transfer employees (and often their families) or entire departments of a business to a new work location. . For more information, visit www.prudential.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion