Credit: Wanan/Adobe Stock
Rising personnel costs are pushing employers to find new ways to control expenses while remaining competitive. Employee benefit costs are a top concern for CFOs (67% cite health care spend as their biggest worry), making collaboration between Finance and HR on cost-saving strategies essential—starting with accurate benefits billing.
Employee benefit management is often an HR function, while benefits billing is managed by Finance. However, at the intersection of those two functions is an overlooked, significant source of potential savings. Enrollment errors, outdated data, and manual calculations lead to significant billing errors and overpayments that often go unchecked. By adopting an advanced, technology-driven, and collaborative approach to benefits billing, organizations can eliminate unnecessary spending.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
