MISSISSAUGA, Ontario, Dec. 21, 2017 — SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (“SEB”) (TSXV:SEB), a leader in health and benefits administration and processing services, has entered into an agreement with Venngo Inc., to add their group discount program, WorkPerks®, to the SEB Admin, FlexPlus Platform.
Mohamad El Chayah, President and CEO of SEB Admin, states, “The WorkPerks’® addition to our FlexPlus offering is perfectly aligned with our mission to drive incremental value to our clients and their employees. WorkPerks® enables employees to save $100’s or even $1,000’s of dollars per year. WorkPerks® will be implemented as a “module” attached to SEB Admin’s “FlexPlus” platform. Bringing WorkPerks® to FlexPlus members means they have an easy way to access the program, giving SEB Admin’s clients the opportunity to add more value to their total rewards and benefits plans. Continuing to introduce new solutions, programs, and features to FlexPlus is an important part of the overall SEB Admin strategy and commitment to our clients and our clients’ employees. SEB Admin currently has over 330,000 plan members contracted for benefits administration for over 50 of Canada’s largest employers”.John Moore, President of Venngo said, “We are proud to be working with SEB Admin and are excited to deliver a world-class private discount program to SEB Admin’s FlexPlus members. Venngo programs are already improving the financial, physical and mental well-being of millions of Canadians and this partnership means we can bring those benefits to even more households.”
ABOUT SEB ADMIN:
SEB Admin provides benefit processing solutions including Administration (flex, traditional, multi-employer), adjudication, claims payment and reporting. Our technology platforms manage total business processing services for group benefit solutions and health claims processing in one, open-architecture, fully-integrated, rules-based and modular environment, allowing clients to utilize separate modules or a fully-integrated solution. SEB Admin’s “One Processing Environment, All Benefit Types, One Benefit Card” cloud-enabled solutions are among the most cost effective, user friendly and customizable in the industry, allowing real time reporting, analytics and fraud detection when the fully integrated platform is implemented. Our Add-on Modules include Health & Wellness, Online Voluntary Products, Sales and Administration, Disability Management Portal, Absentee Management, Human Resource Solutions and with Venngo, Employee Discount Programs. Our processing solutions are applicable to both employer and government funded benefit programs. SEB Admin’s “One Processing Environment” with single sign on connectivity for all benefit types including health, pension and other rewards programs is unique in the industry. Our solutions are cloud-enabled and delivered via a fully outsourced, co-outsourced or SaaS model in our Benefits Exchange Platform.ABOUT VENNGO: Venngo helps Canada’s top employers improve the financial, physical and mental well-being of their employees by providing world-class private group discount plans and related marketing services through a proprietary technology platform and exclusive mobile app. Venngo programs provide instant access to over 2,000 perks from brand name and local vendors. Employees can save $1,000’s every year on a wide variety of goods and services, including travel, entertainment, dining, electronics, fitness, insurance, apparel and more. The program also includes over 400 Health and Wellness offers that make pursuing a healthy, active lifestyle easier and more affordable, and stretches health spending account dollars further.ABOUT SEB:
SEB is a technology company providing Business Process Automation and Outsourcing software, solutions and services to a national and global client base. SEB has a specialty growth focus in cloud-enabled SaaS processing solutions for managing employer and government sponsored health benefit plans on a BPO (Business Processing Outsourcing) business model, globally. SEB currently serves corporate and government clients across Canada and internationally. Over 80% of SEB’s revenues derive from government, insurance and health care organizations. SEB’s technology infrastructure of over 860 multi-certified technical professionals, across Canada and globally, is a critical competitive advantage in supporting the implementation and management of SEB’s benefits processing solutions into client environments. SEB’s Benefits Processing Solutions can be game changing for SEB clients.The core expertise of SEB is automating and managing business processes utilizing SEB proprietary software solutions combined with solutions of third parties through joint ventures and partnerships. SEB’s client acquisition model in benefits processing is “Channel Partnerships” where SEB processing solutions both improve cost structures and enable new revenue models for Channel Partners and clients. All SEB solutions are cloud enabled and can be delivered on a SaaS platform. SEB solutions turn cost centers to profit centers for our Channel Partners.FORWARD-LOOKING STATEMENTS
This news release is intended for information purposes only. Statements made in this news release may contain “forward looking” information about the company's future business prospects. These statements while expressed in good faith and believed to have a reasonable basis are subject to risk and uncertainties that could cause actual results to differ materially from those set forth or implied by such forward looking statements. Investors should consult a professional advisor before making any investment decision.Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this release.For further information about SEB Admin, please visit www.seb-admin.com.
For further information about Venngo, please visit www.venngo.com.
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