Natick, MA (PRWEB)
September 21, 2017
BenefitScape is excited to announce their new partnership with miEdge™, a leading provider of data analytics and prospecting solutions specifically designed for insurance and financial service professionals. As a like-minded firm focused on compliance technology through data transparency, accuracy, and regulatory compliance, miEdge and BenefitScape have the same audiences and goals.
Regulatory Compliance has become a major focus for all HR, employee benefit, and insurance broker professionals. Clients increasingly depend on their broker advisers to help them understand and fulfill these compliance requirements. In order to keep pace with regulatory change, brokers are turning to business intelligence systems that leverage advanced technology capabilities.
miEdge offers innovative solutions for the entire broker sales process, from prospecting to client retention and growth strategies. miEdge provides a combined overview of an employer’s data, allowing brokers to identify key aspects in their combined data. The result? Complete transparency.
BenefitScape, a leader in compliance with the Affordable Care Act (ACA) provides a cloud based business process that ensures complete IRS compliance for the employer. Our solution, VeriTracACA™, examines the employer’s data and IRS required codes that we calculate with over a thousand business rules to ensure accuracy and completeness. As an authorized IRS eFiler, BenefitScape transmits the data electronically to the IRS Affordable Care Act Information Returns (IRSAIR) Program using our Transmitter Control Code. At the same time, BenefitScape uses many advanced features, such as cognitive computing to help clients visualize any potential penalties based on their own data and on a comparison of their “pattern” as compared to the millions of records in our database.
BenefitScape is an agile platform developed to address the requirements of the Affordable Care Act (ACA). It is designed to help employers handle the complexity of compliance with the ACA, in particular with the record keeping, filing and reporting that compliance requires. Particular emphasis is on the BenefitScape platform flexibility to manage client data in a wide variety of formats from multiple sources….