Data warehouse and analytics services recognized for processes and controls
TULSA, Okla.--(BUSINESS WIRE)-- Benefit Informatics, Inc., a Benefitfocus company, and a leading data integration and analytics firm serving the employer benefits industry, announces the completion of the SSAE 16 Type II process. Grant Thornton, LLP completed the report, which addresses controls in Benefit Informatics’ data warehouse and data analytics applications.
Completing this process confirms Benefit Informatics’ internal and infrastructure controls in providing online data analytics and data warehouse services to employers, payers, consultants and other stakeholders in the employer benefits industry. The SSAE (Statement on Standards for Attestation Engagements) No. 16 Type II report replaced the SAS-70 Type II report process. SSAE 16 Type II is also the follow-up to the SAS-70 report.
“We are extremely pleased to have achieved the completion of the SSAE 16 Type II report,” said Phil Bruns, Benefit Informatics Chief Operating Officer. “This confirms the processes and controls we have in place in providing our data analytics applications to our customers. We place the highest priority on security, integrity and reliability of our operating processes and are pleased to share this news with our associates, customers and users of our data analytics services.”
Operational procedures and controls evaluated by Grant Thornton include contracting, data importing, validation, reconciliation and security. The report process included onsite evaluation and verification of procedures performed by Benefit Informatics associates and software. Completing the process demonstrates that Benefit Informatics has efficiently-designed controls and repeatable processes in place.
Bruns added, “Every day, thousands of employers, payers, consultants and plan members rely on our technology and expertise to integrate multiple sources of health data and provide online applications that help them analyze, monitor and forecast health plan information. Achieving the SSAE 16 Type II report confirms our commitment to our customers and their data analytics needs.”
About Benefit Informatics
Benefit Informatics Inc., a Benefitfocus company, enables the efficient planning, management and analysis of employee benefit plans through the delivery of online proprietary applications and services to employers, insurance companies, third party administrators and brokers. Benefit Informatics currently serves more than 70 payer organizations, 6,500 businesses and health plans, and more than 3.2 million members. Benefitfocus is the largest benefits technology provider in the country. More than 15 million consumers, 300,000 employers and 60,000 brokers use our cloud-based platform to shop, enroll, manage and exchange all their benefits in one place. For information about Benefit Informatics, call 888.802.4636 or visit benefitinformatics.com.
About SSAE 16
Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization, was finalized by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA) in January 2010. SSAE 16 effectively replaces SAS 70 as the authoritative guidance for reporting on service organizations. SSAE 16 was issued in 2010 with an effective date of June 15, 2011. For information, visit AICPA.org.
Benefit Informatics, Inc. A Benefitfocus Company
Chris Metcalf, 918-491-3603
KEYWORDS: United States North America Oklahoma
INDUSTRY KEYWORDS: Technology Data Management Software Professional Services Human Resources Insurance