Benefits Network

Benefits Network Datasheet

Financials Datasheet

Companies seeking to hire and retain the best talent know a competitive benefits package is an extremely important element in the process. Smart companies also realize modifying employee benefits plans is a natural part of the business cycle and that along with these modifications comes the burden of costly custom integrations.

Workday Benefits Network was built with this mind—it provides HR organizations a catalog of pre-built integrations that connect to benefits providers, giving Human Resource management organizations the ability to evaluate, select, and offer the most appropriate plans for their workforce.

• Simple setup. Choose from a pre-populated list of HR benefits providers without having to deal with the providers’ technical specifications.
• No maintenance required. When benefits providers change their specifications, Workday Benefits Network software-as-a-service updates the integration with no additional IT investment required from the customer.
• Efficient for IT. Delivers the integrations, allowing IT resources to be redeployed on strategic activities instead of building and maintaining complex provider integrations.

Automatic updates

Changes in the lives of employees are a given, and every change requires an update to each benefits provider used by the employee. Workday Benefits Network greatly simplifies the process of Human Resources benefits management.

• Schedulable updates. Simplifies the information update process by allowing Benefits Administrators to schedule updates and/or make ad hoc updates as needed.
• Secure data. Transmitted data is always secure, from the time it is generated to the time it is transmitted in encrypted form or via secure FTP. Security is never compromised by manual processes.
• Supports industry standards. Supports all applicable standards and protocols, including the HIPAA 834 standard and all its variations to proprietary formats.

Full range of benefits providers

Workday Benefits Network caters to the broad needs of Benefits Administrators by providing integrations to a broad spectrum of providers.

• Expanding network. Providers are constantly added to the Benefits Network, which covers the broad range of provider types an organization requires, including:
  • Health Insurance
  • Flex Spending Accounts
  • Defined Contribution Plans
  • Life Insurance and AD&D
  • COBRA Administrators
• Customer driven. Workday works closely with customers to understand current and anticipated provider requirements as a driver to network expansion.

Leverage investment in Workday Human Capital Management

Built as a part of the Workday Human Capital Management solution, Workday Benefits Network uses the same core data HRIS (Human Resources Information System) as HCM—worker information, benefits data, benefits plans, and provider information—to streamline the process of administering benefits plans.