SEB Partners With Quebec Based Gesticonnect to Digitize Benefits for Emerging Businesses in Quebec
MISSISSAUGA, Ontario, April 06, 2021 (GLOBE NEWSWIRE) -- SEB Administrative Services Inc. (“SEB Admin”), a subsidiary of Smart Employee Benefits Inc. (“SEB”, TSXV:SEB), is pleased to announce it has signed a “White Label TPA” joint venture (“JV”) agreement with Gesticonnect, a leading Third-Party Administrator (“TPA”) operating in Quebec focused on emerging market companies. The JV brings a strong partnership to SEB and expands our “White Label TPA” offering in the Quebec market. Pursuant to the JV, SEB will deploy and support our FlexPlus™ suite of benefit processing solutions and services to Gesticonnect clients.
The FlexPlus™ Value Proposition
The FlexPlus™ TPA environment is fully supported and managed from a multi-lingual ecosystem in Montreal which also services a national client base across Canada. The Quebec market represents a significant share of SEB’s global business and this transaction allows SEB to both increase our commitment in Quebec and grow our local service delivery infrastructure in Quebec to service emerging clients in Quebec and across Canada.
States Tim Beaulieu, CFO of Smart Employee Benefits Inc., “SEB has a large presence in Quebec with multiple enterprise clients, both government and corporate. We currently provide benefit processing and IT solutions and services to more than 30 enterprise clients, representing over 120,000 employees and over $250M of premium. This JV with Gesticonnect expands SEB’s footprint in Quebec’s emerging market and allows us to increase our investment in our Quebec infrastructure. Our Quebec infrastructure is a critical component of our ecosystem supporting our national and global client base.”
States Denis Plante, Associate President of Gesticonnect, “The emerging market comprises 99.7% of all businesses in Quebec, a largely underserved market for leading benefits administration solutions. The JV with SEB brings highly cost-effective leading-edge technology and business solutions, currently available primarily in the enterprise market, to Brokers, MGAs and TPAs in Quebec.
The FlexPlus™ ecosystem will provide emerging businesses in Quebec access to fully bilingual digital solutions, allowing them to cost effectively provide more user-friendly access and more flexible benefit plan designs fo their employees. FlexPlus™ will also provide analytics to make more optimal business decisions, enhancing their overall competitiveness. We have worked with SEB for the past year to assess the suitability of the FlexPlus™ platform for the Quebec emerging market. SEB’s existing client base in Quebec includes a number of Quebec’s largest and best-known entities, corporate and government. We are confident the FlexPlus™ solutions being made available to our emerging market clients are proven with leading edge bilingual functionality. These solutions are also deployed across Canada with a number of Canada’s largest employers. We are pleased that a huge portion of SEB’s operating infrastructure is bilingual, based in Quebec and serves both Quebec and SEB’s national client base. Our JV with SEB will contribute to the growth of SEB local infrastructure in Quebec.”
A Quebec-based Ecosystem to Modernize the SME Market
About SEB Administrative Services Inc.
For further information about SEB Administrative Services Inc., please visit: www.seb-admin.com.
About Smart Employee Benefits Inc. (“SEB”):
Our solutions include both software and services driven ecosystems including multiple SaaS solutions, cloud solutions & services, managed services offering smart sourcing (near shore/offshore), managed security services, custom software development and support, professional services, deep systems integration expertise and multiple specialty practice areas including AI, CRM, BI, Portals, EDI, e-commerce, digital transformation, analytics, project management to mention a few. We have more than 20 partnerships with leading global and regional technology and consulting organizations.
For further information about Smart Employee Benefits Inc., please visit: www.seb-inc.com.
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