ORLANDO, Fla., Jan. 23, 2017 /PRNewswire/ -- PlanSource, a leading provider of cloud-based benefits and HR software, experienced healthy growth in 2016, with increases in annual recurring revenue and customer adoption, new partnerships with leading carriers and brokers, and multiple product innovations.
"In 2016, PlanSource built a firm foundation for further growth," said Dayne Williams, CEO of PlanSource. "Regardless of what direction health care takes in 2017, we will continue to help brokers, consultants and employers respond to and comply with regulatory changes while creating a better benefits experience for thousands of HR teams and their employees."
"With technology and benefits so intertwined, it is reassuring to have a partner like PlanSource," said Anne Burkett, National Practice Leader, HR Technology at USI Insurance Services. "PlanSource's complete solution of HCM and benefits software as well as their dedication to serving the broker community matches perfectly with USI's approach to customized risk management and benefit programs that deliver outstanding results to our clients and their employees."
Product innovation guides PlanSource through its busiest season to date 2016 was the busiest open enrollment season for PlanSource to date, and its technology platform was able to take the unprecedented growth in stride. Tens of millions of actions were processed on the PlanSource platform, including a single day with 2.1 million page requests, and the total number of page requests for the month of November topped 37.7 million.
PlanSource launched three major software releases and numerous enhancement to its products in 2016. Chief among these were:
In addition, PlanSource began the development of a new consumer user experience to be released in March of 2017. More information on these and all of the company's product releases can be found at www.plansource.com/releases.
About PlanSourcePlanSource is a technology company driven to create a better benefits and HR experience for employers and their employees. By offering flexible and intuitive software for benefits administration, insurance exchanges and human capital management, PlanSource's complete cloud-based technology helps nearly 10,000 employers and 3.5 million consumers with benefits shopping, enrollment, billing, compliance and administration. Learn more at www.plansource.com.
PlanSource is a registered trademark of PlanSource, Inc., and PlanSource owns other registered and unregistered trademarks. Other names used herein may be trademarks of their respective owners.
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