Greater choice and controllable costs are hallmarks of an online marketplace.
HOOKSETT, NH March 13, 2014
CGI Business Solutions, a leading provider of benefits, insurance and wealth management services, today announced the launch of CGI Marketplace, a private employee benefits exchange powered by nationally recognized technology innovator, bswift.
The CGI Marketplace is designed to provide New Hampshire, Maine, Vermont and Massachusetts businesses with a means of controlling costs while providing competitive benefit options for employees. Offering a wide selection of benefit options enables employees to choose the benefits that they want and need.Giving employees a predefined amount of "benefit dollars" with which to purchase benefits helps employers to control their employee benefits budgets.CGI Marketplace's technical capabilities include:
- A defined contribution platform
- Shopping tools, decision support and streamlined online enrollment for employees
- Reporting, dashboards and alert tools for benefit administrators
- Electronic Data Interchange (EDI) files and transmissions to carriers and payroll
- Financial management including self-administered billing
- Data analytics
Today, CGI is taking the next big step forward to provide a private exchange marketplace where businesses can elect benefits using cloud-based technology.The elections are transmitted via the cloud to the insurance carriers and the payroll provider.The benefits manager then has access to a robust set of human resource reporting tools," says Dan Cronin, founder and president of CGI Business Solutions. We built the CGI Marketplace as a free market system that allows both employers and employees the ability to select the contributions and plans that will work best for their needs and budgets," continues Cronin.
About CGI Marketplace
CGI Marketplace simplifies insurance enrollment and administration while allowing employers to continue to offer competitive benefits. CGI Marketplace is intuitive, easy-to-use, and designed to make benefit administration and the employee shopping experience less stressful during annual enrollment and throughout the plan year. More information about CGI Marketplace is available from CGI representatives and online at www.CGIMarketplace.com.
About CGI Business Solutions
CGI's team of professionals offer long-term solutions utilizing best-in-class employee benefits planning, design and administration, retirement services, customized business insurance solutions, leading-edge technology and Human Resources support. Visit www.cgibusinesssolutions.com or call 866-841-4600.
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