Technology platform recognized for innovations in voluntary benefits administration, creating value for all participants in the benefits ecosystem
Corestream, the leading platform for connecting employees with voluntary benefits, today announced that it is a 2018 Best in Biz Awards Silver award winner in the Enterprise Service of the Year category. Corestream’s technology provides a single point of integration for HR professionals, employees, brokers and carriers, streamlining and automating the selection and administration of voluntary benefits.
Corestream’s unique design scales to meet the needs of even the largest employers, regardless of how many voluntary benefits they add to their employee offering over time. The Corestream platform facilitates payroll integration; contract negotiation and mediation with providers; remittance of payments on behalf of clients to carrier partners; advanced administration for reconciling premiums for each individual employee; and includes an active, employer-branded marketplace so employers can effectively communicate with and educate employees about their benefits throughout the course of the year.
“We’re honored to be recognized by the Best in Biz Awards for the innovation and hard work that has gone into creating the Corestream platform, and we’re proud to be disrupting the status quo for voluntary benefits administration without displacing the traditional participants in the benefits space,” said Neil Vaswani, CEO and Co-founder, Corestream. “We’ve made numerous business and technology advancements that expanded our platform’s capabilities and deepened the value we bring to employers’ HR teams, their employees, carriers and brokers, and we’re dedicating to continuing this innovation.”
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The Best in Biz Awards are the only independent business awards program judged each year by prominent editors and reporters from some of the most respected, top-tier newspapers, TV outlets, and business, consumer, technology and trade publications in North America. The 8th annual program garnered close to 700 entries from public and private companies of all sizes and from a variety of geographic regions and industries in the U.S. and Canada, and was judged by writers from publications including Associated Press, Barron’s, Consumer Affairs, eWeek, Forbes, Healthcare Innovation News, Inc., Investment Advisor Magazine, MediaPost, New York Post, New York Times, Ottawa Citizen and Wired.
Corestream’s HR technology platform and unique set of APIs are used by Fortune 500 companies. Corestream currently manages voluntary benefit deductions for over 1.2 million employees, and reconciled over $100 million in premiums for its partners over the course of 2017.