Newport Beach, CA, August 31, 2009 -- Secova, Inc. a leading provider of human resource and benefits management services, today announced that it has been ranked amongst the top 10 of http://www.theblackbookofoutsourcing.com/vendors-hro-benefit-admin-2008.htm [benefits administration] providers in the United States. The ranking is based on a survey completed by the publishers of “The Black Book of Outsourcing.”
“Secova draws heavily on People, Platform (technology) and Processes to better drill down on health benefit services and costs on behalf of our clients." says Venkat Tadanki, Co-Founder and Chief Executive Officer of Secova. "Secova’s growth this past year is evidence of the acceptance of our unique value proposition for both the public and private sectors. Of the top 13 clients we have signed this past year, four are for large States and the other 9 have bolstered our ranks of Fortune 500 clients. As of this time, over 30% of our client list is ranked within the Fortune 500, inclusive of 10% of the Dow Jones Industrial Average companies.”
During the first half of 2009, professionals from Secova found it important to share newly developed benefits concerns with industry professionals through speaking engagements at http://www.salgba.com/conference_info/HRandBenefitPlanAudits.pdf [SALGBA], http://www.entforum.caltech.edu/past_archive/bios0309.pdf [Caltech/MIT Enterprise Forum] and the http://www.secova.com/company/news/events.asp [Chapter Members of Hartford Worldwide Employee Benefits Network]. Having a plan structure which involves both tying core philosophy and goals with effective benefit plan creation and management should be the top concern for companies who wish to drive down costs to hedge inflation.
Secova’s clients enthusiastically report reduced workloads and greater employee efficiencies in their http://www.secova.com/ [benefits administration] practices as a result of Secova’s recent service and system functionality upgrades. Specifically, clients are reporting strengthened client data management and high adoption rates for the enhanced web-based tools (such as savings calculators and plan reference tools) used to automate the delivery of employer-sponsored benefits; all resulting in more timely and efficient management of client deliverables.
While systems is a major focus, Secova also centers their efforts on reducing health benefits costs. With the recent economic slowdown as the back drop, Secova developed an enhanced http://www.prweb.com/releases/2009/04/prweb2343074.htm [Dependent Eligibility Management solution] to more efficiently respond to benefit’s cost containment requests and ensure eligible employees and their dependents are properly managed. This solution saves their client’s tens of millions of dollars and verifies compliance for hundreds of thousands of employees. Secova’s platform works with any Online Enrollment & Management system.
About Secova: Secova Inc. is a leading HR and Benefits Management Services company that delivers customized “Value–Sourced” solutions designed to enhance services and reduce operating costs. Our mission is to help employers control and drive down the cost of delivering Human Resources & Employee Benefit Services. Secova’s customized and flexible benefits administration solutions are designed to complement your company’s overall benefit administration strategies, to help lower costs and improve service quality while enhancing timeliness, accuracy and responsiveness to your staff and your employees.
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