MyBenefitSource Launches Broker Referral Program

Inks Partnership Agreements With ORBA Financial Management

And Molton, Allen and Williams



Apr 24, 2001, 01:00 ET from MyBenefitSource

    ATLANTA, April 24 /PRNewswire Interactive News Release/ --
 MyBenefitSource, a provider of Internet-based payroll and benefits services
 for businesses, today announced the launch of its Broker Referral Program and
 its first two charter partners: ORBA Financial Management, a national
 financial services company, and Molton, Allen and Williams, a leading property
 and casualty insurance agency.
     By participating in this new program, brokers can generate substantial
 commission income by referring clients to MyBenefitSource.  Interested brokers
 can receive an instant quote by accessing the Potential Income Calculator on
 the company's Web site at www.MyBenefitSource.com.  To request password access
 to the calculator, send an email to brokers@MyBenefitSource.com.
     In addition to increasing profits, brokers who participate in
 MyBenefitSource's Referral Program give their clients access to value-added
 technology and services that include:  payroll, benefit administration,
 enrollment, and automated monthly benefit bill reconciliation.  All services
 are integrated into MyBenefitSource's sophisticated SingleSourceTechnology(SM)
 which eliminates redundant data entry, facilitates business processes and
 reduces operating costs.  SingleSourceTechnology also provides insurance and
 financial service companies a way to lower their administration costs by
 consolidating marketing, billing, enrollment and premium collection through a
 single source.  This also has the advantage of improving buying power for
 related products and services for their clients and the clients' employees.
     "Participating in MyBenefitSource's broker channel initiative has already
 generated significant measurable results for our firm," said Gary Curry,
 president of ORBA.  "In our business, the hardest part of getting new clients
 is securing the initial appointment.  The technology and product solutions
 offered through MyBenefitSource have significantly improved our new client
 prospecting and sales efficiencies, in addition to increasing revenues from
 our existing customer base.  Through the MyBenefitSource platform, our firm is
 now averaging a new 401(k) sale per week, in addition to having generated many
 new clients and new prospects. Our clients who have signed on with
 MyBenefitSource report excellent service and as a result, commission revenue
 to our firm from these referrals has steadily increased."
     "Brokers often refer their clients to payroll bureaus or benefits
 administration companies without any formal means of reciprocation," said
 Edward Cain, president and CEO of MyBenefitSource.  "Our Broker channel
 initiative turns this one-way relationship into a profitable two-way
 partnership for brokers.  It's designed to be a win-win program, and it's
 proven to be just that.  Our broker program will also assist MyBenefitSource
 achieve its goal of providing services nationally, and will complement our
 employee sales force with minimal up front investment and lower our overall
 cost per sale as a company."
     "MyBenefitSource's services and area of expertise makes it a natural
 partner for us," said John Williams, president and CEO of Molton, Allen and
 Williams.  "Many of our clients are burdened by non-core business functions
 such as payroll and benefits administration.  By referring them to
 MyBenefitSource, we're helping our clients address additional business issues,
 and we're benefiting as well.  We're also finding customer demand is strong
 for our combined one-stop-shop product and service solution in addition to
 improving our firm's overall sales efficiencies."
 
     About MyBenefitSource
     MyBenefitSource delivers a wide range of payroll, benefit, enrollment and
 administrative services for employers by integrating its Web-based
 SingleSourceTechnology(SM) with innovative products and personalized customer
 care.  The company's highly secure, scalable and integrated technology
 platform eliminates duplication and provides real-time access to account
 information.  MyBenefitSource helps emerging and established companies of all
 sizes focus on their core business. For more information, visit
 www.MyBenefitSource.com .
 
     About ORBA Financial Management
     Founded in 1982, ORBA Financial Management is an independent producer
 group that delivers quality products and services to financial services
 professionals for distribution to the public.  With more than 400 registered
 representatives nationally, the company has grown to be a leader in the
 financial services industry.
 
     About Molton, Allen and Williams
     Molton, Allen & Williams Corporation, a diversified financial services
 holding company with 15 retail/wholesale mortgage offices in 9 states; and
 insurance, risk management and benefits services, headquartered in Birmingham,
 Ala., has been serving the diversified financial needs of both individuals,
 families and businesses throughout the Southeast since 1886.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X40036255
 
 

SOURCE MyBenefitSource
    ATLANTA, April 24 /PRNewswire Interactive News Release/ --
 MyBenefitSource, a provider of Internet-based payroll and benefits services
 for businesses, today announced the launch of its Broker Referral Program and
 its first two charter partners: ORBA Financial Management, a national
 financial services company, and Molton, Allen and Williams, a leading property
 and casualty insurance agency.
     By participating in this new program, brokers can generate substantial
 commission income by referring clients to MyBenefitSource.  Interested brokers
 can receive an instant quote by accessing the Potential Income Calculator on
 the company's Web site at www.MyBenefitSource.com.  To request password access
 to the calculator, send an email to brokers@MyBenefitSource.com.
     In addition to increasing profits, brokers who participate in
 MyBenefitSource's Referral Program give their clients access to value-added
 technology and services that include:  payroll, benefit administration,
 enrollment, and automated monthly benefit bill reconciliation.  All services
 are integrated into MyBenefitSource's sophisticated SingleSourceTechnology(SM)
 which eliminates redundant data entry, facilitates business processes and
 reduces operating costs.  SingleSourceTechnology also provides insurance and
 financial service companies a way to lower their administration costs by
 consolidating marketing, billing, enrollment and premium collection through a
 single source.  This also has the advantage of improving buying power for
 related products and services for their clients and the clients' employees.
     "Participating in MyBenefitSource's broker channel initiative has already
 generated significant measurable results for our firm," said Gary Curry,
 president of ORBA.  "In our business, the hardest part of getting new clients
 is securing the initial appointment.  The technology and product solutions
 offered through MyBenefitSource have significantly improved our new client
 prospecting and sales efficiencies, in addition to increasing revenues from
 our existing customer base.  Through the MyBenefitSource platform, our firm is
 now averaging a new 401(k) sale per week, in addition to having generated many
 new clients and new prospects. Our clients who have signed on with
 MyBenefitSource report excellent service and as a result, commission revenue
 to our firm from these referrals has steadily increased."
     "Brokers often refer their clients to payroll bureaus or benefits
 administration companies without any formal means of reciprocation," said
 Edward Cain, president and CEO of MyBenefitSource.  "Our Broker channel
 initiative turns this one-way relationship into a profitable two-way
 partnership for brokers.  It's designed to be a win-win program, and it's
 proven to be just that.  Our broker program will also assist MyBenefitSource
 achieve its goal of providing services nationally, and will complement our
 employee sales force with minimal up front investment and lower our overall
 cost per sale as a company."
     "MyBenefitSource's services and area of expertise makes it a natural
 partner for us," said John Williams, president and CEO of Molton, Allen and
 Williams.  "Many of our clients are burdened by non-core business functions
 such as payroll and benefits administration.  By referring them to
 MyBenefitSource, we're helping our clients address additional business issues,
 and we're benefiting as well.  We're also finding customer demand is strong
 for our combined one-stop-shop product and service solution in addition to
 improving our firm's overall sales efficiencies."
 
     About MyBenefitSource
     MyBenefitSource delivers a wide range of payroll, benefit, enrollment and
 administrative services for employers by integrating its Web-based
 SingleSourceTechnology(SM) with innovative products and personalized customer
 care.  The company's highly secure, scalable and integrated technology
 platform eliminates duplication and provides real-time access to account
 information.  MyBenefitSource helps emerging and established companies of all
 sizes focus on their core business. For more information, visit
 www.MyBenefitSource.com .
 
     About ORBA Financial Management
     Founded in 1982, ORBA Financial Management is an independent producer
 group that delivers quality products and services to financial services
 professionals for distribution to the public.  With more than 400 registered
 representatives nationally, the company has grown to be a leader in the
 financial services industry.
 
     About Molton, Allen and Williams
     Molton, Allen & Williams Corporation, a diversified financial services
 holding company with 15 retail/wholesale mortgage offices in 9 states; and
 insurance, risk management and benefits services, headquartered in Birmingham,
 Ala., has been serving the diversified financial needs of both individuals,
 families and businesses throughout the Southeast since 1886.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X40036255
 
 SOURCE  MyBenefitSource