{"id":15570,"date":"2023-05-10T03:36:04","date_gmt":"2023-05-10T03:36:04","guid":{"rendered":"https:\/\/seb-admin.com\/?p=15570"},"modified":"2023-09-08T05:31:29","modified_gmt":"2023-09-08T05:31:29","slug":"how-benefits-administration-technology-can-improve-your-brokerage-business","status":"publish","type":"post","link":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/","title":{"rendered":"How Benefits Administration Technology Can Improve Your Brokerage Business"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"15570\" class=\"elementor elementor-15570\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-73e82499 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"73e82499\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-42424cd5\" data-id=\"42424cd5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-223378cd elementor-widget elementor-widget-text-editor\" data-id=\"223378cd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.20.0 - 26-03-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p class=\"SEB-blog-date\"><strong><i class=\"fas fa-calendar\"><\/i>\u00a0 May 9, 2023<\/strong><\/p><p><em>Written by \u2013 Rashika Thaurani, SEB Marketing team<\/em><\/p><p>You worked hard to build your group benefits brokerage business, and it\u2019s time to leverage the latest technology to take it to the next level. As a group benefits broker, you are probably juggling many responsibilities when it comes to managing your clients\u2019 benefits plans.\u00a0 Employers rely on you to help manage their end-to-end benefits process to include: selecting the right benefits programs for their employees, negotiating with insurance carriers, managing the enrolment process, and the off-boarding process.<\/p><p>Small and medium size employers are competing with large-sized employers to attract strong candidates and rely on their benefits offering and the overall benefits experience to help attract and retain talent.<\/p><p>Many brokerages are investing in benefits administration technology, to provide their clients not only with a superior digital experience but also to improve their efficiency, enable the scaling of their business and ensure they are keeping up with technology advancements.<\/p><p>Embracing technology could be the best step you can take today to protect and improve your business. Below are some areas where advanced benefits administration technology can help improve your brokerage business:<\/p><p><strong>Improved Efficiency<\/strong><br \/>Advanced benefits administration systems use automation and digital tools to streamline administrative tasks, reducing the need for manual entry and paper-based processes. This can save time and money by eliminating the need for data entry, filing, and other administrative tasks, and can reduce errors and risk. As a result, there is more time to focus on the core responsibilities, such as client relationship management and business development.<\/p><p><strong>Better Data Analytics<\/strong><br \/>Visibility to your client\u2019s data and real-time analytics and reporting allows the ability to better manage your client base. It enables you to identify trends, track employee engagement, and measure the effectiveness of benefits programs. With this information, you can better advise your clients on how to optimize their benefits packages, improve employee satisfaction, and reduce costs.<\/p><p><strong>Enhanced Client &amp; Member Experience<\/strong><br \/>These advanced systems offer a more personalized and user-friendly experience for clients and their employees. Features such as allowing you to combine multiple products from multiple carriers or specialty providers for plan design flexibility can improve the member\u2019s benefits experience.<\/p><p>Another feature is member self-serve access, to view benefits information, make changes, and easily enrol in new plans. This improves the member experience by making it easier for them to manage their benefits and reduces the burden on both your administrators and your clients.<\/p><p><strong>Cost Savings<\/strong><br \/>Integration of a benefits administration system into your business can help you cut costs in several ways. \u00a0Automating administrative tasks, reducing errors, and increasing efficiency, can help you to reduce your overhead costs. Additionally, with better data analytics brokers can identify cost-saving opportunities for their clients, such as switching to more cost-effective benefits plans or negotiating better rates from providers.<\/p><p>By leveraging technology and automation, your brokerage businesses can improve the end-to-end benefits experience for small and medium sized employers and help you to gain efficiencies in your business. There are many solutions out there, and you want to be sure it is the right solution.<\/p><p><a style=\"font-weight: bold; color: #0b3c5d; text-decoration: underline;\" href=\"https:\/\/seb-admin.com\/flexplus-enterprise\/\" target=\"_blank\" rel=\"noopener\">FlexPlus ENTERPRISE<\/a>, is a platform that was designed by leading Benefits Administration technology experts at SEB.\u00a0 It\u2019s equipped with rules and intelligence, so that you don\u2019t have to hire benefits experts to mind the shop while you scale your business.<\/p><p>We can see the value that business automation can add to a brokerage business. Digitization is imminent, so why not get ahead of the curve and embrace benefits technology today and help your business progress faster?<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>You worked hard to build your group benefits brokerage business, and it\u2019s time to leverage the latest technology to take it to the next level. As a group benefits broker, you are probably juggling many responsibilities&#8230; <\/p>\n","protected":false},"author":1,"featured_media":15568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-15570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Benefits of Administration Technology: A Comprehensive Guide<\/title>\n<meta name=\"description\" content=\"The benefits administration technology that many brokers are investing to grow their business with a better digital experience\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Benefits of Administration Technology: A Comprehensive Guide\" \/>\n<meta property=\"og:description\" content=\"The benefits administration technology that many brokers are investing to grow their business with a better digital experience\" \/>\n<meta property=\"og:url\" content=\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/\" \/>\n<meta property=\"og:site_name\" content=\"SEB Admin\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-10T03:36:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-08T05:31:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"627\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"SEB_Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"SEB_Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/\",\"url\":\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/\",\"name\":\"The Benefits of Administration Technology: A Comprehensive Guide\",\"isPartOf\":{\"@id\":\"https:\/\/seb-admin.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1\",\"datePublished\":\"2023-05-10T03:36:04+00:00\",\"dateModified\":\"2023-09-08T05:31:29+00:00\",\"author\":{\"@id\":\"https:\/\/seb-admin.com\/#\/schema\/person\/3723624bce5ef84f82cdd93f4e863bb1\"},\"description\":\"The benefits administration technology that many brokers are investing to grow their business with a better digital experience\",\"breadcrumb\":{\"@id\":\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1\",\"width\":627,\"height\":419,\"caption\":\"Shot of woman holding tablet in a corporate setting, concept is to show using technology in benefits business\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seb-admin.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Benefits Administration Technology Can Improve Your Brokerage Business\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seb-admin.com\/#website\",\"url\":\"https:\/\/seb-admin.com\/\",\"name\":\"SEB Admin\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seb-admin.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seb-admin.com\/#\/schema\/person\/3723624bce5ef84f82cdd93f4e863bb1\",\"name\":\"SEB_Admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seb-admin.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d14bccc20cd85ac34fa7e6975bcc776c20c8853a5e5aa56024c5f0b4a5035ff0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d14bccc20cd85ac34fa7e6975bcc776c20c8853a5e5aa56024c5f0b4a5035ff0?s=96&d=mm&r=g\",\"caption\":\"SEB_Admin\"},\"sameAs\":[\"https:\/\/seb-admin.com\"],\"url\":\"https:\/\/seb-admin.com\/author\/sebadminwp_44033w\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Benefits of Administration Technology: A Comprehensive Guide","description":"The benefits administration technology that many brokers are investing to grow their business with a better digital experience","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/","og_locale":"en_US","og_type":"article","og_title":"The Benefits of Administration Technology: A Comprehensive Guide","og_description":"The benefits administration technology that many brokers are investing to grow their business with a better digital experience","og_url":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/","og_site_name":"SEB Admin","article_published_time":"2023-05-10T03:36:04+00:00","article_modified_time":"2023-09-08T05:31:29+00:00","og_image":[{"width":627,"height":419,"url":"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1","type":"image\/jpeg"}],"author":"SEB_Admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"SEB_Admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/","url":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/","name":"The Benefits of Administration Technology: A Comprehensive Guide","isPartOf":{"@id":"https:\/\/seb-admin.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#primaryimage"},"image":{"@id":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1","datePublished":"2023-05-10T03:36:04+00:00","dateModified":"2023-09-08T05:31:29+00:00","author":{"@id":"https:\/\/seb-admin.com\/#\/schema\/person\/3723624bce5ef84f82cdd93f4e863bb1"},"description":"The benefits administration technology that many brokers are investing to grow their business with a better digital experience","breadcrumb":{"@id":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#primaryimage","url":"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1","contentUrl":"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1","width":627,"height":419,"caption":"Shot of woman holding tablet in a corporate setting, concept is to show using technology in benefits business"},{"@type":"BreadcrumbList","@id":"https:\/\/seb-admin.com\/blog\/how-benefits-administration-technology-can-improve-your-brokerage-business\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/seb-admin.com\/"},{"@type":"ListItem","position":2,"name":"How Benefits Administration Technology Can Improve Your Brokerage Business"}]},{"@type":"WebSite","@id":"https:\/\/seb-admin.com\/#website","url":"https:\/\/seb-admin.com\/","name":"SEB Admin","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/seb-admin.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/seb-admin.com\/#\/schema\/person\/3723624bce5ef84f82cdd93f4e863bb1","name":"SEB_Admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/seb-admin.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d14bccc20cd85ac34fa7e6975bcc776c20c8853a5e5aa56024c5f0b4a5035ff0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d14bccc20cd85ac34fa7e6975bcc776c20c8853a5e5aa56024c5f0b4a5035ff0?s=96&d=mm&r=g","caption":"SEB_Admin"},"sameAs":["https:\/\/seb-admin.com"],"url":"https:\/\/seb-admin.com\/author\/sebadminwp_44033w\/"}]}},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/seb-admin.com\/wp-content\/uploads\/2023\/05\/Benefits-Administration.jpg?fit=627%2C419&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/posts\/15570","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/comments?post=15570"}],"version-history":[{"count":9,"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/posts\/15570\/revisions"}],"predecessor-version":[{"id":17253,"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/posts\/15570\/revisions\/17253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/media\/15568"}],"wp:attachment":[{"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/media?parent=15570"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/categories?post=15570"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/seb-admin.com\/wp-json\/wp\/v2\/tags?post=15570"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}