Elevate Honored with 2024 HR Tech Award for AI Innovations in Employee Benefits [Yahoo! Finance]
Paychex, Inc. (PAYX)
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Source: Yahoo! Finance
DENVER May 2, 2024 /PRNewswire/ -- Elevate , a modern consumer directed benefits administration platform, today announced it has been recognized by Lighthouse Research & Advisory as the Best Advance in Practical AI in the Total Rewards and Employee Wellbeing category of the 2024 HR Tech Awards . With Elevate's modern, artificial intelligence (AI)-enabled and API-driven consumer technology platform, flexible spending account holders benefit from faster payments with instant claims processing. "Every HR leader knows that it's important to give employees benefits that meet their needs. But all too often the mechanisms around selection, usage and reimbursements are clunky, slow and off-putting," said Ben Eubanks , chief research officer, Lighthouse Research & Advisory. "Elevate solves that by creating an intuitive, employee-friendly interface for employer benefits like FSAs, HRAs and HSAs. Not only is it more secure and accessible, but 90% of claims can be approved instantly with intel
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