Partner of the Week: Experian

September 7, 2022
Rachel Alfred
Timer  Read Time: 4 minutes
POTW - Givinga

Experian’s product is a combined offering of both Identity Protection and Financial Wellness. At life’s big moments – from buying a home or car, to sending a child to college, to growing a business exponentially by connecting it with new customers – they empower consumers and clients to manage their data with confidence so they can maximize every opportunity. They gather, analyze and process data in ways others can’t. Experian helps individuals take financial control and access financial services.

We are excited to announce Experian as our Partner of the Week, where we highlight one of our unique PlanSource Marketplace Partners and the value they bring to the benefits industry. We recently sat down to discuss their unique employee benefits and how they support financial wellness accessibility within the benefits industry. 

What makes your company unique in the benefits space – what key benefits do you provide to employees? 

Experian unlocks the power of data to offer Employer’s and their Employee’s a unique benefit solution. Not only do we provide employees with industry-leading Identity Theft protection, but we have combined that with a complete Financial Wellness Solution as well. Our Financial Wellness solution empowers employees toward their financial goals with personalized steps that adapt to their unique needs and stage in life. Providing employees with a comprehensive financial and credit dashboard, unique financial insights to help them improve their VantageScoreÒ, automated budgeting tools, debt management, and much more.

What industry problems are we solving with our partnership for HR teams and/or their employees?

Financial stress is the number one cause of workplace stress according to a recent study from PWC, and employees are wanting financial wellness solutions as 71% of employees who are offered these services use their company’s financial wellness program*.  

Our offering helps employees along their financial journey, with 60% of employees seeing an average score improvement of 48 points on their credit score over the first 12 months**. 

What is one thing your company is doing to innovate your product/offering to change the industry?

Once again, the power of data is really putting Experian in an incredible spot to offer Employer’s differentiated solutions. Using our data, we can offer Employer’s Financial Health reports on their employee population.  This reporting will allow employers to fully understand the financial difficulties facing their employee population by showing them the average credit scores, debt to income%, # of student loans and balances, credit length, delinquencies and much more. 

Want to Learn More?

To learn more about Experian and see examples of unique benefit providers out there, check out the PlanSource Partner Marketplace.

*PWC, Employee Financial Wellness Survey, June 2019

**Population: Experian Partner Solutions subscribers enrolled in Jan ’18 – Jul ’18, with bundles including periodic credit reports, scores, and/or summaries. Score change measured 12 months post enrollment.

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