Selerix, a leader in cloud-based benefits administration, has acquired SyncStream Solutions, a pioneer in Affordable Care Act (ACA) reporting technology. This strategic merger creates one of the largest providers of ACA solutions, offering an integrated, end-to-end platform for compliance and benefits administration.
Key Highlights of the Acquisition
- Expanded Service Offerings:
- The merger brings together Selerix’s robust benefits technology with SyncStream’s ACA reporting expertise.
- Offers services such as tracking, filing, auditing, and past-year compliance to clients through a unified platform.
- Streamlined Operations:
- Clients benefit from a single provider for all benefits technology and compliance needs.
- Real-time benefits compliance and streamlined data access via integrated API solutions.
- Enhanced Customer Support:
- Both companies emphasize “white-glove” customer service to simplify complex ACA requirements.
- Unified teams provide proactive, personalized support to address client challenges.
Leadership Perspectives
- Tim Pratte, CEO of Selerix:
“The integration of our technologies will enable real-time compliance and exceptional customer support, helping businesses navigate ACA complexities efficiently.” - Shannon Scott, CEO of SyncStream:
“This partnership brings together two experienced teams committed to enhancing client experiences and offering unmatched ACA solutions.”
Key Benefits for Clients
- Comprehensive ACA Services:
- Full suite of ACA solutions, including tracking employee eligibility, managing payroll changes, and filing compliance reports.
- Auditing and past-year compliance for businesses managing intricate staffing needs.
- Cost and Time Efficiency:
- API integration allows centralized data access, reducing administrative overhead.
- Businesses save time and resources by consolidating services under one provider.
- Focus on Compliance in Complex Environments:
- Tailored solutions for industries with dynamic employee structures, such as staffing and PEO sectors.
- Ensures adherence to evolving ACA regulations, minimizing risks and penalties.
The acquisition of SyncStream by Selerix marks a pivotal step toward simplifying ACA compliance for businesses. By combining expertise, technology, and exceptional service, the unified company offers a comprehensive solution tailored to the needs of today’s dynamic workforce. This partnership solidifies Selerix’s position as a trusted leader in benefits administration and compliance management.
