Strada to Offer Workday Benefits Administration

Strada, a leader in end-to-end payroll, human capital, and financial management solutions, is delighted to announce it has expanded its suite of services to now provide Workday Benefits Administration. This approach simplifies benefits administration for Workday Human Capital (HCM) customers by reducing costs and improving the overall employee experience.

With payroll and benefits in Workday, delivered by Strada, our employees experience 90% fewer deduction issues and a more efficient enrollment process.

Strada’s Workday Benefits Administration service gives organizations a single source of truth for HR, benefits, and payroll, eliminating the need for third-party feeds and reducing administrative burden. By managing benefits directly within Workday, Strada’s new service streamlines operations, enhances compliance, and maximizes platform investment. Customers using Strada’s Workday Benefits Administration service have seen on average:

• 84% fewer cases opened, significantly reducing the need for support interventions
• 70% fewer employee calls related to benefits inquiries
• Up to 50% savings in aggregate benefits administration costs

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“Benefits administration is traditionally one of the noisiest areas of HR, but our customers are proving that doesn’t have to be the case,” said Gregory Peck, SVP North American Cloud and Payroll, at Strada. “By keeping everything in Workday while leveraging our wealth of benefits administration expertise, we minimize errors, remove friction, and free up both budget and HR teams to focus on strategic initiatives that truly drive change.” Organizations using Strada for Workday Benefits Administration are achieving significant results. With over 17,000 employees, Synchrony, a Fortune 500 financial services company specializing in digital banking and consumer financing, is saving more than $1 million annually by simplifying its technology and operating model. By leveraging Strada’s Workday Benefits Administration services, they have reduced administrative overheads, minimized service tickets and improved compliance – while providing employees with a seamless self-service benefits experience.

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Highlighting the impact of Strada’s Workday Benefits Administration services, Aaron Brown, SVP of Total Rewards at Synchrony, says, “Synchrony was an early adopter of Workday Benefits and has enjoyed continued success with the platform. By partnering with Strada for ongoing Benefits Administration in Workday, we’ve created a user-friendly, intuitive platform that makes it easier for our employees to manage their benefits from any device. With payroll and benefits in Workday, delivered by Strada, our employees experience 90% fewer deduction issues and a more efficient enrollment process. Overall, the combination of Strada and Workday Benefits effectively supports our goals.” With Strada’s Workday Benefits Administration service, organizations can benefit from:

• A single system of record: No more data feeds between platforms; benefits, payroll, and HR stay in sync in real time.
• Lower costs and greater efficiency: Significant reductions in benefits administration costs and ticket volumes, while freeing up HR teams to focus on strategic initiatives and improving overall workforce productivity.
• Expert support: Strada’s impact-oriented, pre-configured Workday Benefits module and surrounding processes help customers avoid common pitfalls and areas of waste.
• Boost employee satisfaction: A familiar, mobile-first interface where employees can self-serve their benefits with ease.

With Workday and Strada, organizations can unify HR, payroll, and benefits into a single solution - maximizing their investment while delivering a seamless benefits experience for employees. HR Technology Insights: Energage Partners With Retensa to Boost Employee Retention Insights To participate in our interviews, please write to our HRTech Media Room at sudipto@intentamplify.com Source: Businesswire