SAVVI launches the SelectSmart ROI Analyzer to help these decision-makers see potential savings in minutes.
WALTHAM, MA, March 25, 2021 /Neptune100/ — SAVVI Financial LLC, a leading technology-enabled financial wellness platform, announces the launch of the SelectSmart™ ROI Analyzer to help organizations calculate the potential return on investment and cost savings when using the SelectSmart suite of services.
Employers are seeking new solutions to help employees navigate increasingly complex benefits options, including the added challenge of employees opting for a remote or hybrid work style. Although new approaches to benefit enrollment are necessary, planning and administering new benefit tools and experiences can be time-consuming and costly.
SAVVI SelectSmart’s suite of decision support assistants helps educate employees on the benefits available and offers personalized recommendations based on employee input. This has the potential to save employees and employers thousands of dollars annually.
SAVVI understands employee benefit stakeholders need to evaluate any new benefits experience and created the SelectSmart ROI Analyzer to help these decision-makers quickly determine the potential return on investment and cost savings for the SelectSmart suite of solutions.
The SelectSmart ROI Analyzer collects basic workforce information and expected outcomes and calculates both potential employee and employer savings. Employees save by making better benefits decisions; employers save on FICA taxes and combined premium and HSA contributions.
“We strongly believe the SelectSmart suite of services can help employees make better benefits decisions, which leads to savings for employees and employers,” said, Gina Mourtzinou, CEO of SAVVI. “We created the SelectSmart ROI Analyzer to deliver greater transparency into the potential savings and ROI. This analysis helps stakeholders understand how beneficial changes in the benefits enrollment process can be.”
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Founded by a team of MIT PhDs on the belief that advanced modeling and analytics could offer more Americans the chance to reach their short and long-term financial goals faster. SAVVI Financial offers a full suite of services so employers can design financial engagement solutions that meet the needs of their employees.