PlanSource Unveils New Capabilities and Enhancements

This post was originally written and published by SAPinsider.

To help companies reduce manual effort and improve HR efficiency, PlanSource recently announced a series of updates, improvements, and new features as part of its Spring 2024 Product Release. Now available to all users and partners, the release includes a new Retroactive Payroll Feature, new carrier integrations, new marketplace partners, and more.

“In 2024, PlanSource will remain hyper-focused on delivering on customer commitments, ensuring platform is scalable and ready for open enrollment, removing industry friction and continuing to innovate the customer experience,” said Srini Venkatramani, Chief Product & Technology Officer of PlanSource.

One of the most significant updates PlanSource users can now benefit from is the Retroactive Payroll Feature. All too often, HR administrators have to manually go back through previous payroll data to apply missed deductions. This new feature automatically identifies and reports missed payroll deductions, as well as providing flexible configuration and a user-friendly dashboard to further simplify the process.

To reduce industry friction, PlanSource also introduced two new carrier integrations – MetLife can replace batch EDI files with real-time enrollment API, and Aflac customers can utilize an Evidence of Insurability decision notification API. These users get an enhanced shopping experience as they receive an underwriting decision in a shorter amount of time, saving HR teams up to 30 minutes per employee.

Embedded within PlanSource’s offering is a new guided renewal enhancement. This allows HR administrators to complete annual reviews with enhanced efficiency through a guided interview. Customers can also better control payroll with a new payroll schedule model, allowing them to view, edit, and remove payroll schedules.

PlanSource added two new partners to the PlanSource Partner Marketplace to diversify the set of offerings available to users:

TaskHuman is a real-time digital coaching platform. It allows users to bolster their well-being, whether that is mental, physical, financial, emotional, or otherwise. The platform pairs users with one-on-one personalized sessions with guides who can help them achieve their goals.

Trend Micro offers AI-powered cybersecurity solutions to its users. It can help companies and individuals better equip themselves to protect their identity, operate internet-connected devices securely, and safely navigate their digital lives.

In today’s economic climate, workers are under increasing pressure to perform their duties more efficiently to cut down on costs – and HR teams are no exception. These teams must find solutions that allow them to infuse automation so they can focus on other requirements.

PlanSource is expanding not only their internal offerings, but their partner ecosystem. This provides users with a holistic solution to meet their payroll needs in less time, allowing them to achieve their goals and keep the HR operation running smoothly.

Learn more about PlanSource and SAPinsider.