ORLANDO, Fla., Sept. 27, 2017 /PRNewswire/ -- PlanSource announced today the launch of Halley, its fall software release. The release includes a groundbreaking tool for deducting benefit premiums in payroll systems, a hub for connecting with the company's partners, and reporting and administrative enhancements.
"The Halley release solves some fundamental problems that HR and payroll teams have struggled with for years," said Ryan Baldwin, Chief Technology Officer at PlanSource. "For example, we've cracked the code on making retroactive payroll deductions, a previously manual process that often creates errors and adjustments. Combined with our new partner program and a wealth of updates to our reporting and admin tools, Halley packs a big punch."
Advancing the payroll deduction process
The Advanced Payroll Deduction tool in the Halley release uses sophisticated logic to calculate and track payroll deductions over time, automating a process that is often manual, time-consuming and error-prone. The system calculates payroll deductions based on coverage effective dates and enrollment dates. It can also import actual payroll deductions, making adjustments and generating refunds to employees when required. These types of actions can be especially useful to manage situations in which an employee returns from a leave of absence and deductions must be taken out of several paychecks.
With the launch of Halley, PlanSource has also unveiled PartnerSource, a marketplace where employers, brokers and consultants can view and interact with PlanSource's network of partners, and purchase add-on products. It is composed of three separate focus areas:
HCM – leading human capital management technology providers that have partnered with PlanSource to provide an integrated solution for HR, payroll, benefits, talent and workforce management.
PlanSource Advantage – a strategic program between select insurance carriers and PlanSource that provides pre-established integrations and pricing incentives.
QuickConnect – a range of best-in-class partner products which PlanSource customers can select, order and quickly implement. These products include:
- Online total compensation statements by Brain Power Software, which can include salary information, insurance benefits, leave, and other benefits which can be accessed on any device directly from the PlanSource system.
- Identity theft protection by ID Watchdog, which provides employees with identity monitoring and protection against a crime which affects millions of Americans and leads to billions of dollars in loses, reduced productivity, higher absenteeism and lower employee morale.
- Financial services by TrueConnect, which provides safe, affordable financial support to employees. Offered as a voluntary benefit, TrueConnect provides access to regulated bank loans and financial counseling.
- Student loan assistance by Tuition.io, which offers programs that allow employers to contribute money towards employee student loans as part of their overall benefits package.
Learn more about PartnerSource at www.plansource.com/partnersource.
New reporting and administrative features
In addition to Advanced Payroll Deductions and PartnerSource, the Halley software release contains multiple enhancements to improve efficiency for HR teams using the PlanSource system. These include updates to the reporting center, such as a data comparison report and communications shortcuts; easier access to export history for PlanSource's broker partners; and new features in the implementation wizard.
More details about the Halley release can be found at www.plansource.com/release. PlanSource launches major software releases four times a year and conducts ongoing updates and minor enhancements as needed throughout the year. View the PlanSource product release schedule at www.plansource.com/releases.
PlanSource is a technology company driven to create a better benefits and HR experience for employers and their employees. The company works with nearly 10,000 companies and 3.5 million consumers, providing flexible and intuitive software and services for benefits administration and human capital management. By combining industry-leading software platform and a full suite of professional services, PlanSource provides companies of all sizes with a complete solution for benefits shopping, enrollment, billing, compliance and administration. Learn more at www.plansource.com.
PlanSource is a registered trademark of PlanSource Benefits Administration, Inc., and PlanSource owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
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