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Calabasas, CA — Tuesday, November 18, 2003 — BenefitPoint, Inc., the employee benefits industry's leading web-based platform for customer relationship management (CRM) and procurement, announced that it entered into an arrangement with VPA, Inc. for the use of the BenefitPoint platform for large group procurement with national and regional employee benefits brokers and consultants.
As a premier vendor, VPA, Inc. will use the BenefitPoint platform to procure its services through BenefitPoint's network of brokers and consultants, streamline the RFP process and raise awareness of critical issues pertinent to employers. VPA will leverage BenefitPoint for large group procurement throughout the country to both national and regional employee benefits firms whom will have immediate access to VPA product and service information through a standardized request format. With easily accessible web-based technology, BenefitPoint provides enterprise-wide data management and operational efficiencies that will help VPA grow its business with improved quality of service.
"We are very excited about this partnership with BenefitPoint," said John Gernert, Executive Vice President of VPA, Inc. "We noticed similarities between VPA and BenefitPoint's business model. Like BenefitPoint, VPA is committed to making it easy for clients and their employees to access information and transact business. We are both committed to improving processes that reduce the burden on our clients. BenefitPoint will allow us to spend less time on back-office administration and more time with brokers and their clients to develop and deliver quality plan designs and services that suite their individual needs. We are thrilled at being one of the first true TPAs to become partners with the BenefitPoint platform."
"With BenefitPoint, VPA will further strengthen relationships with its customers and develop new ones through BenefitPoint's robust channel of brokers and consultants", said John Randazzo, CEO of BenefitPoint. "By delivering accurate, up-to-date plan information to brokers in a standardized format, VPA will find value in using reporting tools to analyze plan information, track RFP and renewal activity and monitor business volume."
About VPA, Inc.
VPA, Inc. is a national leader in the design, implementation and administration of self-funded short term, statutory and long term disability benefit plans. Additionally, VPA provides complete outsourcing solutions for employers FMLA and related absence programs. With 25 year's experience, VPA is currently providing services to over one million employees nationwide.
About BenefitPoint
BenefitPoint delivers the industry's leading web-based platform for customer relationship management and procurement, making it easier for employee benefits professionals to manage, buy and sell benefits. Brokers, consultants and carriers realize expanded business opportunities, operational efficiencies and a greater ability to deliver quality information and services to employers and employees.
BenefitPoint has achieved widespread industry adoption with over 310 broker and consultant offices accessing the system, loading 40,000 employer clients on the platform, covering 22 million employees and approximately $90 billion in premium. Over 420 carrier organizations use BenefitPoint to access broker and consultant RFP and renewal requests.
The company, headquartered in San Francisco, CA, can be reached at 415.277.5600. Take a tour of the BenefitPoint Product Demo and Contact Us through the corporate website at www.benefitpoint.com.
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