ORBIT BENEFITS CASE STUDY
BEA Systems plugs in to the power of Orbit
With three employee pension schemes and two executive plans, the UK division of BEA Systems Inc., the world's leading application infrastructure company, wanted to improve the way that it met employee demand for information about benefits.
It decided to rationalise different streams of data and information into a single location and chose to implement the online transactional benefits system from Orbit Benefits, incorporating the TIMA interactive pension calculator. This gives employees access to information about every part of the employee benefits package, including pension information and values, whenever they wish.
Zoe Spicer, UK HR Manager at BEA Systems, says the main benefit of the service is the way it empowers staff.
“They can access their information in realtime and reach decisions from the comfort of their workstations.”
“At BEA Systems we operate employee and manager self-service HR administration through PeopleSoft. Therefore, using the Orbit applications aligns strategically with the way we run our HR systems. Trusting employees to be their own agent is core to the Orbit offering and this is something that gels with our philosophy.”
Zoe Spicer UK HR Manager at BEA Systems
Implementation of the Orbit system has been the first step towards the launch of flexible benefits at BEA Systems, to further encourage employees to make the most of their benefits package.
Employees now have daily fund values and performance statistics for their pension fund at their fingertips. With the TIMA pension calculator already holding their personal data, employees can effortlessly and instantly work out how much they need to invest to meet their expectations in retirement. The ability to manipulate data to find the optimum contribution level and the suitable pension fund for each individual gives unsurpassed levels of financial control. The popularity of the service is clear from the fact that the majority of UK personnel have logged- on to the service and conducted online calculations.
For the company itself, the Orbit self-service approach minimises the administrative involvement. In the past, the HR co-ordinator was the employees' main point of contact for all benefits. With multiple pension schemes and employee benefits, this could be a time- consuming role. Now, the time previously spent processing enquiries and changes can be better applied to enhancing core HR services.
BEA Systems was attracted to Orbit by its extensive experience with the IT sector, but Zoe Spicer says that it was not just the impressive high-tech approach that appealed.
“The experience that Orbit's specialist consultants can offer means there is always the choice of face-to face consultation. The centralising of information is unique to the Orbit approach, with online functionality fully supported by in-depth industry knowledge.”
“Orbit is not just another technology provider with a good idea — it really knows its business”.
Zoe Spicer UK HR Manager at BEA Systems
Company background
BEA Systems is the world's leading application infrastructure software company with more than 13,000 customers around the world, including the majority of the Fortune Global 500. Companies turn to BEA to help them evolve their existing enterprise software applications from inflexible, redundant, legacy client/server architectures to highly responsive, mature Web infrastructures.
Companies built on BEA software areable to use IT to effect rapid change within their organizations and achieve breakthrough levels of efficiency and responsiveness. The BEA WebLogic® Enterprise Platform provides the application infrastructure foundation that simplifies the flow of information,decreases the costs of managing applications, and makes an enterprise more agile, productive, and connected.
BEA's platform is also the de facto standard for more than 2,100 systems integrators (SIs), independent software vendors (ISVs), and application service providers (ASPs) who partner with BEA to ensure the successful deployment of the solution.
About Orbit Benefits
Orbit implements and runs online employee benefit packages for UK corporate clients using its own Internet-based technology platform (visit www.orbitbenefits.com). The Orbit proposition gives companies and their employees a combination of online empowerment and off-line expertise from qualified financial advisors. With a 'self-service' capability and personalised interactive tools, employees enjoy full control over their benefits, including pensions from leading UK providers and protection schemes, like healthcare, with any insurer. Employers gain through heightened awareness and appreciation of benefits, improved productivity in their HR team and greater control over costs.
Orbit provides Total Reward Statements and flexible benefits on the same technology platform to give companies the option of an integrated benefits solution from one supplier. With the A Day pension changes coming into force in April 2006, Orbit is already well-positioned to help UK companies plan for the future. Orbit Benefits Limited is authorised and regulated by the Financial Services Authority and is a member of the SBJ group.
This case study was updated in April 2006.
Contact Orbit
www.orbitbenefits.com
info@orbitbenefits.com
Tel: +44 (0)20 7204 1212
Fax: +44 (0)20 7204 131
Download
You may also download this briefing in PDF format.
Enhanced PDF version of this documentYou need Adobe Reader to open these PDFs. If you do not have it, download it here.
