MISSISSAUGA, Ontario, July 16, 2018 (GLOBE NEWSWIRE) -- SEB Administrative Services Inc. (“SEB Admin”), a wholly owned subsidiary of Smart Employee Benefits Inc. (TSXV:SEB), a technology leader in benefits administration and data processing services, is pleased to announce that it will use Microsoft Azure as its global cloud solution to power its technology solutions focused on health benefits processing for both employer and government funded benefit programs.
“Microsoft Azure will enhance SEB Admin’s global reach and ability to build, deploy, scale, and manage applications to accelerate FlexPlus platform development, adding new experiences and significant value to our clients and their employees,” said Mohamad El Chayah, President & CEO, SEB Administrative Services Inc. FlexPlus platform currently renders benefits administration services to more than 330,000 members.
With 54 Azure regions across the globe and a worldwide content delivery network, SEB Admin can deploy FlexPlus and localize the application experiences for its customers wherever they are in the world. Azure’s ExpressRoute and Service Bus robust messaging and networking capabilities enable hybrid applications to be managed from a single console with Microsoft System Center.
Azure provides a rich set of application services and allows for the development of SEB Admin FlexPlus Exchange for Small and Medium Businesses using any language, tool, or framework. “We’re excited to see SEB Admin expand its global reach with Microsoft Azure as the foundation,” said John Bruno, General Manager, Azure Global Infrastructure, Microsoft Corp. “Using Azure IaaS and PaaS services allows SEB Admin to rapidly develop and deliver content-rich health, wealth, and retirement processing solution to its customers.”
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 are unique in the industry. Our solutions are all cloud enabled and delivered via a fully outsourced, co-outsourced or SaaS model.
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 800 multi-certified technical professionals, across Canada and globally, is a critical competitive advantage in supporting the implementation and management of SEB Admin’s benefits processing solutions into client environments. SEB Admin’s Benefits Processing Solutions can be game changing for SEB Admin’s 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 Admin’s client acquisition model in benefits processing is “Channel Partnerships” where SEB Admin’s processing solutions both improve cost structures and enable new revenue models for Channel Partners and clients. All SEB Admin’s solutions are cloud enabled and can be delivered on a SaaS platform. SEB Admin’s 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 .
MEDIA CONTACT: Mohamad El Chayah, President SEB Administrative Services Inc. Tel: 416.418.0619 mohamad.elchayah@seb-admin.com www.seb-admin.com
INVESTOR CONTACTS: John McKimm, President/CEO/CIO Smart Employee Benefits Inc. Tel: 416.460.2817 john.mckimm@seb-inc.com www.seb-inc.com
Bill Mitoulas, Investor Relations Venture North Capital Inc. Tel: 416.479.9547 billm@venturenorthcapital.com http://www.venturenorthcapital.com
