Silver award honors company’s innovations in voluntary benefits administration
TAMPA, FL., December 16, 2019 - Corestream, the leading platform for connecting employees with voluntary benefits, today announced that it is a 2019 Brandon Hall Group Excellence in Technology Silver award winner in the Best Advance in Compensation and Benefits and/or Payroll Administration category. Corestream’s leading voluntary benefits administration technology provides HR professionals, employees, brokers and carriers the ability to streamline and automate the selection and ongoing administration of voluntary benefits at scale.
Corestream’s unique platform gives HR departments a single point of integration through which all facets of voluntary benefits administration are conducted, including the most complex, such as stacking of issue age policies. Utilizing Corestream’s suite of APIs, the employer-branded Corestream platform complements and integrates seamlessly with existing benefit offerings and platforms, providing employees consistent experiences when toggling between both traditional and voluntary benefits. The Corestream platform enables HR teams to access valuable data and disseminate benefits information easily and effectively to better serve their employees rather than getting mired in the overwhelming amount of administrative work that would typically be required. The platform simplifies administration for all employers, both large and small, regardless of the number of voluntary benefits they offer over time.
“We’re honored to be recognized by the Brandon Hall Group as a leader in voluntary benefits technology,“ said Neil Vaswani, CEO and Co-founder, Corestream. “We’re uniquely disrupting the status quo in the voluntary benefits administration ecosystem without displacing the traditional participants- employers, carriers and brokers. Rather than a ‘winner take all’ proposition Corestream believes we all win by working together.”
Now in its 25th year, the Brandon Hall Excellence in Technology Awards recognize the best organizations that have successfully developed and deployed programs, strategies, modalities, processes, systems, and tools that have achieved measurable results. It is consistently described as one of the most prestigious awards to those participating in the HR technology industry. Past winners include SAP, Verizon and Pepsico.
In the last year, Corestream has made several business and technology advancements to allow a growing number of third-party insurance platforms, carriers and employer networks to seamlessly integrate with their SaaS platform. Today, Corestream's HR SaaS platform and unique set of APIs are used by Fortune 500 companies such as ADP, L3, Pfizer and Quest Diagnostics. Corestream currently manages voluntary benefit deductions for over 1.5 million employees, and reconciled over $100 million in premiums for its partners over the course of 2018.
At Corestream, we believe that the success of any organization relies on the overall wellness of its workforce, from physical and mental health to financial wellbeing. Corestream’s revolutionary platform is designed to remove barriers and streamline voluntary benefits administration. We aim to be a powerful tool in the arsenal of HR teams, brokers, vendors, and em