Simple solutions for the complex world of benefits. Paylocity and bswift: A winning combination October 21, 2016

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1 Simple solutions for the complex world of benefits. Paylocity and bswift: A winning combination October 21,

2 1 The value of automation 2

3 Complexity grows. 38% Affordable Care Act compliance of companies are considering private exchanges. 87% of employers anticipated offering only consumerdirected health care plans in Multi-tier health plans 63% increase in employer health benefits spending between 2006 and 2014 Increased regulatory oversight 3

4 Your needs remain simple. Control your costs Simplify benefits administration Engage employees all year 4

5 $10.86 PEPM Overpayment of Premiums Ineligible employees, dependents Tier/coverage errors Termination errors Forrester ROI Study: Automating from paper $2.05 PEPM Labor Cost Savings Less data entry Less error mitigation Less HR call volume $0.58 PEPM Printing/Mailing Savings $13.49 PEPM total savings by automating benefits administration 5

6 2 We can help 6

7 We are bswift. Creating the world s best benefits technology since 1999; serving more than 6 million users. We evolve technology. A unified, real-time platform that is client-tested and always improving. We know benefits. Creating benefits solutions and guiding smart decisions since We make flexible solutions. Solving your problems with a solution configured to your needs. We deliver. Industry-leading Net Promoter Scores and superior client retention rates. 7

8 bswift by the numbers. 50%+ Net Promoter Score September % CAGR in Annual Recurring Revenue % Client Retention Rate Five-Year Average 8

9 3 Our solutions 9

10 Technology Products Delivering the technology to enable a full benefits strategy Consulting Services 10

11 Technology by bswift Self-service enrollment EDI, SSO, web services Alerts/Reports 11

12 Consulting Your broker, our platform. Product Strategy Lines offered Plan choices Contribution Strategy Financial Impact Benefit Strategy Plan designs Population health Consumerism Performance Management Cost sharing Monitoring DB vs. DC Budgeting Credit strategy Compliance 12

13 Medical plans administered on bswift Products All welcome. Your choice. 13

14 Services by Paylocity Technology implementation Client support Communications Data exchange services 14

15 4 Platform 15

16 State-of-the-art technology. Real-time updates Rule-based engine Menu-driven format Highly configurable Software as a service Single-unified platform 3 4 system enhancements per year 16

17 Shopping for benefits isn t like any other purchase. That s why employees need help. 17

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23 Provide access anytime, anywhere. Shop & Enroll from any mobile device Responsive Design delivers a tailored experience Quicklook App means easy access to key information 23

24 Being able to make updates during the enrollment process made this our most successful Open Enrollment. Sandra Sakaida Cheesecake Factory Director of Benefits 24

25 You want to run your business, not watch hours slip away managing benefits. 25

26 Your control center. Set benefit rules by HR Change demographics Exchange data with HR and payroll Run reports Control benefit elections Add, terminate, rehire employees 26

27 Fast and easy reporting available 24/ fields to customize Of benefits & employment data For creating & scheduling reports In web & Excel formats 27

28 bswift s reports simplified NSH s billing process I know it s right because it s coming out of the bswift system. Bernie Presutti National Surgical Hospitals VP Human Resources & Compliance 28

29 Let us build test, run and maintain all feeds Seamless data transfer. Let us monitor your feeds and address discrepancies Let us import data in your format, not ours 10,000+ connections and growing! 29

30 Our data flow. Employee demographics + + Dependent demographics Employee & dependent benefit elections Client (HRIS and payroll) Employee indicative data Employee demographic file via FTP Payroll deduction file via FTP EDI files via FTP Web services and SSO Insurance carriers (benefit eligibility data) 30

31 I ve transitioned through many plans and many services and this has been by far the easiest transition and the least time consuming. Donna Kratz Blackboard Senior Manager, Benefits 31

32 Simple solutions for the complex world of benefits. 32