Asure Partners with PensionBee to Enhance Employee Benefits
AUSTIN, Texas and NEW YORK – Asure Software (NASDAQ: ASUR), a prominent provider of cloud-based Human Capital Management (HCM) software, has entered into a strategic partnership with PensionBee, a digital-first retirement savings platform. This collaboration marks a significant step forward in providing small and mid-sized businesses with enhanced retirement account rollover services. Asure’s payroll and HR customers can now offer their employees the ability to consolidate various 401(k) and IRA accounts seamlessly into a singular, manageable retirement savings plan through PensionBee.
Empowering Employees with Simplified Retirement Savings
This partnership aligns perfectly with Asure's mission of bringing large-scale employee benefits within reach of smaller organizations. By facilitating efficient and user-friendly retirement savings solutions, Asure ensures that employees can easily integrate their existing accounts into a streamlined platform tailored to enhance their overall financial wellness. PensionBee stands out for its straightforward approach, guiding users through effortless enrollment and account management processes that are often overwhelming to navigate alone.
Bridging the Benefits Gap
According to Pat Goepel, Asure's Chairman and CEO, the collaboration with PensionBee exemplifies the company's commitment to democratizing financial wellness. As businesses seek to attract and retain talented employees, offering such innovative solutions becomes essential. Goepel emphasizes, "Our goal is to ensure that small and mid-sized businesses can leverage the same quality benefits as larger enterprises, thus creating a more equitable landscape in employee financial care.
Meeting Employees at Critical Moments
Romi Savova, CEO of PensionBee, shares insights on the timing of this partnership: "When individuals undergo significant life changes, such as starting or leaving jobs, their retirement savings must be prioritized. Teaming up with Asure allows us to connect with millions of Americans, providing them with modern and flexible solutions for managing their retirement accounts effectively." This sentiment reflects the increasing importance of accessibility and ease in financial planning, particularly for younger generations navigating their career paths.
Introducing PensionBee to Asure’s Marketplace
PensionBee is a recent addition to Asure's Partner Marketplace, a curated selection of value-added services aimed at refining business operations and enhancing overall employee satisfaction. This approach not only enriches the employee experience but also strengthens relationships between employers and their workforce.
About Asure
Asure Software (NASDAQ: ASUR) specializes in providing comprehensive cloud-based Human Capital Management (HCM) solutions. These services are designed to streamline various HR processes, including payroll, time and attendance tracking, benefits management, and talent development. Leveraging advanced technology, Asure integrates AI to enhance the scalability and efficiency of HR compliance while maintaining a strong focus on client interaction and support. For additional information, visit www.asuresoftware.com.
About PensionBee
PensionBee (LON: PBEE) is a market leader in online retirement provision, committed to assisting individuals in consolidating and optimizing their retirement savings. Managing approximately $8 billion in assets and serving over 275,000 customers, PensionBee emphasizes simplicity and transparency, making their platform accessible for all users.
Contact Information
For further inquiries, please reach out to:
Patrick McKillop,
Vice President, Investor Relations,
Phone: 617-335-5058,
Email: patrick.mckillop@asuresoftware.com
Frequently Asked Questions
What does the partnership between Asure and PensionBee entail?
The partnership allows employees of Asure's payroll clients to seamlessly roll over their 401(k) and IRA accounts into a PensionBee account.
Why is this partnership important for small businesses?
It provides small and mid-sized businesses with access to retirement savings solutions typically available to larger corporations, promoting financial wellness.
How can employees benefit from PensionBee's services?
Employees can easily consolidate multiple retirement accounts into one account, simplifying the management of their savings.
What does Asure Software specialize in?
Asure specializes in cloud-based Human Capital Management software, focusing on payroll, benefits administration, and compliance solutions.
How many customers does PensionBee serve?
PensionBee serves more than 275,000 customers and manages around $8 billion in retirement assets.
