|Charleston, S.C. – December 21, 2017 – Benefitfocus, Inc. (NASDAQ: BNFT), a leading provider of cloud-based benefits management software, today announced the BENEFITFOCUS® Marketplace won a Brandon Hall Group gold medal award for the Best Advance in Compensation and Benefits and/or Payroll Administration category. More than 903 large employers currently use Benefitfocus Marketplace, which Benefitfocus updated this year to include more sophisticated analytics, algorithms and cost estimator tools for improved insight into benefit costs and usage.
“We’re at a juncture where designing a more creative benefits program that manages cost while providing for an increasingly diverse, multi-generational workforce – and each person’s unique situation and needs – is more important than ever,” said Ray August, President & COO, Benefitfocus. “We are thrilled to be recognized by Brandon Hall for our data-driven tools that give employers and employees better insight into their benefits options.”
A panel of independent senior industry experts and Brandon Hall Group senior analysts and executives evaluated the entries based the product’s breakthrough innovations, unique differentiators, value proposition and measurable results and benefits for customers.
“Human capital management is evolving faster than at any time in its history, and it is powered by innovative technology developed and implemented by organizations big and small,” said Rachel Cooke, Chief Operating Officer of Brandon Hall Group and head of the awards program. “The technology innovators who won Excellence Awards this year were focused on providing users with a better overall experience. That is what our research says employers want, and our award winners are leading the way.”
Mike Cooke, Chief Executive Officer of Brandon Hall Group, said, “Our technology award winners are truly outstanding and set a high bar for others. We have learned a great deal from what they have accomplished. The awards programs supplement our quantitative research in providing our team with unique insights to share with our members and clients.”
For more information: https://www.benefitfocus.com/press/releases/2017-brandon-hall-group-excellence-awards-technology