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Paylogix® Adds Sum-ER-EE™ to Premium Solutions® Portfolio

(Westbury, New York, October 15, 2002)
Paylogix® (http://paylogix.com), a technology based provider of billing solutions to the insurance industry, announces the release of Sum-ER-EE™, an online benefits summary module for its Premium Solutions® system.

Paylogix®’s web-enabled premium management system now offers user-authorized access to real-time employee benefit summaries. This online benefits report shows a customized employee summary and cost breakdown of the benefits provided on the job. Sum-ER-EE™ benefit reports offer an efficient and effective method of delivering up-to-date information about benefits to employees, eliminating the traditional paper delivery method and delays experienced in producing physical benefit statements. Since benefits may be updated during regular billing cycles, Sum-ER-EE™ online benefit reports more accurately reflect the current status of an employee’s entire benefits package. This allows both the employer and employee to more quickly see the impact of compensation and benefits changes immediately, as they occur.

Each benefit summary is individually produced for each employee within a secure online customized portal. This one-stop, self-service environment permits employers, agents, and employees access to on-the-fly and up-to-the-moment benefit summaries, in addition to the complete portfolio of billing reconciliation, remittance, communication and reporting tools which are unique to the Paylogix® environment.

In addition to traditional third party administrative services, Paylogix® web-enabled Premium Solutions® offers a true application service provider (ASP) model, transforming legacy-based paper precesses into efficient online interactive relationships. This technology lease provides a pay-as-you-go means for an insurer or administrator to launch a fully functional electronic business-to-business (B2B) application via the Internet while also supporting existing and far more traditional billing transactions.

Paylogix® provides third party administration and leases administration middleware in ASP form at rates more favorable than “invented-here” options to select insurers, benefit providers and third party administrators. Both models enable employers, insurers, agents and administrators to exchange data in a real-time paperless environment via custom web portal. Insurers and administrators can use this proprietary system to perform Consolidated Billing® in addition to launching a complete e-business solution designed exclusively for the billing and reconciliation of group and voluntary benefit programs. This is the only web-based invoicing application that provides a fully interactive environment designed to address the dynamic character of both group and voluntary insurance products.

Founded in 1995, Paylogix® pioneers and incorporates innovative technologies like their web-enabled Consolidated Billing® system to provide cost-effective solutions and expert service to their clients. Paylogix® currently provides Premium Solutions® to prominent insurers and group providers throughout North America. More information about Paylogix® can be found on the Internet at http://paylogix.com. Interested parties should contact Bruce Kenyon at (800) 622-4131 or e-mail: