Smart Employee Benefits Inc. (“SEB”) is listed on the TSXV under the symbol (“SEB”).
SEB is a technology company providing software, solutions and services specializing in managing “group benefit solutions and healthcare claims processing” environments for corporate and government clients. This is a $60.0 billion industry, of which over $37.0 billion is employee group benefit plans and over $25.0 billion of other healthcare benefit claims (eg: workers compensation claims, travel benefits, various federal and provincial government programs, dental associations, drug associations, etc.)
SEB has two divisions. In the Benefits Division, SEB operates as a licensed Third Party Administrator (“TPA”), insurance broker, and technology provider utilizing its fully integrated administration – adjudication – claims paying – reporting software platform to provide “totally hosted PCI compliant modular solutions” for managing portions or all of the complete group benefits business processes between insurers, clients, brokers, consultants, technology service providers and healthcare service providers.
The Technology Division supports the Benefits Division and provides SEB the security clearances, vendor of record arrangements, project references and technical team to successfully compete on government solutions via RFP processes. SEB, with its various partners, operates as a systems integrator utilizing its technology platform together with other technologies to provide customized solutions for highly specialized benefits administration and claims processing environments. The technology and expertise deployed in this area also allows SEB to provide other related supply chain, systems integration and human resource solutions and services to the same clients. SEB has a number of service lines including PeopleSoft, Oracle, and Microsoft cloud solutions. It also has specialty practice areas in Microsoft BizTalk Professional Services, supply chain consulting, EDI certification, vendor roll-out services, compliance services, managed services and hosted services through a state-of-the-art, secure PCI certified environment.