Lincoln Financial Group named Workday Innovation Partner to help bring ease and efficiency to employee benefits
The partnership will help provide joint
Through an integration built by
As a Workday partner, Lincoln’s LincSmart technology helps provide joint customer benefits, including:
- Real-time absence updates: Automate claim and leave status in Workday through a real-time data exchange, including intermittent time tracking.
- Simplified billing: Automate monthly self-billing statements using Workday source election data to calculate premium.
- Enrollment optimization: Enhance the enrollment experience to promote employee engagement by empowering employees with product education on voluntary benefits, such as accident, critical illness and hospital indemnity insurance.
- Evidence of insurability: Streamline the employee experience and limit manual employer tasks through an end-to-end evidence of insurability process.
“Employers want simple, automated workflows, technology solutions, and a true, consultative partner. Our LincSmart InsurTech solution provides all three, and that support gives our employer customers time to focus on what matters most — their employees,” said
About 90% of workers value a personalized, digital experience as they select and use their benefits, and more than 90% of workers are comfortable with benefits guidance through digital channels, like websites and mobile apps. [1] Employers see that value, too, and many are looking for their benefits partners to lead on technology. Nine in 10 employers expect to either increase or continue their current reliance on third-party benefits technology in the next five years.[2] What’s more, nearly 60% of employers select carriers based on the carriers’ ability to connect with their benefits technology platform. [3]
LincSmart seamlessly integrates with employers’ existing systems and offers access to digital solutions that can help enhance and automate day-to-day administrative tasks. Through strategic partnerships, employers have access to solutions that help them save time and optimize the benefits selection process for their employees using on-demand educational resources about the benefits offered.
Workday HCM is a unified system that helps enable organizations to make faster decisions, gain operational visibility, prepare for future talent shifts, and build effective teams.
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[1] Harnessing Growth and Seizing Opportunity, 2023 Workforce Benefits Study, LIMRA and EY.
[2] Harnessing Growth and Seizing Opportunity, 2023 Workforce Benefits Study, LIMRA and EY.
[3] Harnessing Growth and Seizing Opportunity, 2023 Workforce Benefits Study, LIMRA and EY.
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Julianne.Mattera@lfg.com
267-418-0346
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