Benefits Functions & Features

Benefits functionality is used to administer a diverse range of benefit plans. Such plans typically cover accidental death and dismemberment (AD&D), disability, life, medical, retirement plans, flexible benefits, and profit sharing plans.. Benefits Functions & Features are an important module of the comprehensive ERP RFP Template for Discrete Manufacturing.

The ERP RFP template with Benefits Functions & Features for ERP is a Microsoft Excel spreadsheet (.xlsx) featuring a total of 3761 decision criteria. The ERP RFP template allows you to quickly and easily prepare the business, functional, and technical requirements sections of the solicitation package you'll send to ERP software vendors. It ensures for:

complete response from each ERP software vendor
deep and accurate evaluation of submitted ERP proposals
impartial side-by-side comparison of ERP solutions evaluated
rational and documented selection of the best matching ERP system

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The Benefits Functions & Features comprise the following elements:

Administering Benefits
Benefits are generally handled by a third-party insurance firm (e.g., Cobra). The benefits administration functionality provides administrators the ability to manage employee benefits through the use of a third-parties' software or system. Benefits administration includes accessing and imputing new employee records, changing an existing employees' record, as well as cancelling a terminated employees' benefit profile. Administering Benefits, Benefits Functions & Features
Profile for Employee Benefit Plan
The profile for employee benefit plan includes information that is pertinent to an employees' benefits including (date of birth/age, smoker/non-smoker, marital status, dependants, salary, etc.) When/if any one of these details changes, it may affect the current benefits that the employee receives (e.g., life insurance amount). Profile for Employee Benefit Plan, Benefits Functions & Features
Standard Benefits
Standard benefits include health and dental insurance, life insurance, accidental death and dismemberment (AD&D), and oftentimes retirement plans. Standard Benefits, Benefits Functions & Features

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Benefits Functions & Features

Administering Benefits

Profile for Employee Benefit Plan

Standard Benefits