Asure Adds Technology Integration With Employee Navigator, Opening New Market to 60,000 Companies

Rhea-AI Summary

Austin-based Asure Software (Nasdaq: ASUR) has announced a new integration with Employee Navigator, enhancing benefits administration for over 60,000 companies. This innovation facilitates automatic data updates between the two platforms, streamlining payroll and HR processes for benefit brokers. CEO Pat Goepel emphasized that this partnership not only refines their broker referral strategy but also creates additional revenue streams for brokers. The integration positions Asure as a valuable partner in the HR solution market, aligning interests with brokers and improving client service.

Positive

• New integration with Employee Navigator enhances service for over 60,000 companies.
• Facilitates automatic updates, improving data accuracy and reducing administrative work.
• Strengthens relationships with benefit brokers, creating new revenue opportunities.

Negative

• None.

AUSTIN, Texas, Jan. 11, 2022 (GLOBE NEWSWIRE) -- Asure Software, Inc., (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, today announced it has built functionality to integrate with Employee Navigator, the software trusted by more than 60,000 companies and 10 million employees and their dependents to manage benefits administration, onboarding, compliance, and more.

“We continue to develop new and innovative solutions that help our customers,” said Pat Goepel, Chairman and CEO of Asure Software. “Enabling the health insurance benefits broker community to provide this seamless two-way integration opens a new market for Asure and further underpins our broker referral strategy.”

Benefit Brokers are a major referral source of new business for Asure. The Employee Navigator integration with Asure Software strengthens this relationship and adds to the value proposition.

This new technology enables Benefit Brokers to better serve their clients by providing a seamless connection between Employee Navigator services and Asure’s payroll and HR solutions.

The linking of these systems creates new value for Benefit Brokers:

• Automatic demographic updates: Bi-directional sync data integration removes the need for duplicate status changes. Changes in Asure’s system automatically feed Employee Navigator and vice versa.
• Synchronize compensation modifications: Hiring and compensation updates now automatically feed Employee Navigator without the need for duplicate data entry.
• Payroll and Benefits deductions: Information is now sent from Employee Navigator to the Asure payroll system when there are changes to benefit plans associated to employees. This includes open enrollment as well as life event changes. Deductions are concomitantly updated in Asure’s payroll software and applied to the employee’s pay.
  

Asure builds revenue-generating partnerships with the important Benefit Brokers community in four ways:

1 – Unlike the large national payroll providers, Asure does not compete for Broker of Record (BOR) with Benefit Brokers. Benefit Brokers feel comfortable with the partnership because our interests are aligned.

2 – Asure provides HR services and software that help Benefit Brokers differentiate their offering and stand out in the market.

3 – The Broker Partner Revenue Share program provides Benefits Brokers with an additional recurring revenue stream.

4 – Benefit Brokers are enabled with value-adding resources for their clients such as the Asure library of state and federal employment laws maintained by an expert team of staff attorneys.

About Asure Software

Asure (Nasdaq: ASUR) is a leading provider of Human Capital Management (“HCM”) software solutions. We help small and mid-sized companies grow by assisting them in building better teams with skills to stay compliant with ever-changing federal, state, and local tax jurisdictions and labor laws, and better allocate cash so they can spend their financial capital on growing their business rather than back-office overhead expenses. Asure’s Human Capital Management suite, named Asure HCM, includes cloud-based Payroll, Tax Services, and Time & Attendance software as well as human resources (“HR”) services ranging from HR projects to completely outsourcing payroll and HR staff. We also offer these products and services through our network of reseller partners. Visit us at asuresoftware.com.

Investor Relations Contact

Randal Rudniski
Vice President, Investor Relations, Financial Planning & Analysis
512-859-3562
randal.rudniski@asuresoftware.com

FAQ

What is the new integration announced by Asure Software?

Asure Software has integrated its services with Employee Navigator to streamline benefits administration and enhance payroll and HR processes.

How does the integration benefit brokers?

The integration allows brokers to automatically sync data, reducing duplication and improving client service.

What new market opportunities does this integration create for Asure?

This integration opens new markets by strengthening Asure's referral strategy with benefit brokers.

What is the impact of the integration on Asure's growth?

The integration positions Asure to attract more business through enhanced offerings for benefit brokers.

When was the integration with Employee Navigator announced?

The integration was announced on January 11, 2022.