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Strada and Nayya Team Up for Employee Benefits Revolution

In an exciting development for employee benefits management, Strada has announced a strategic agreement with Nayya aimed at revolutionizing benefits administration using AI technology. This partnership brings together two leaders in their fields, combining Strada's robust payroll and human capital management capabilities with Nayya's innovative, AI-powered decision support platform. The new solution, built on the Workday platform, promises to transform how employees interact with their benefits while significantly alleviating administrative burdens for employers.

Strada, renowned for its end-to-end payroll and financial management solutions, recently enhanced its offerings to include Workday Benefits Administration. This full-service solution is designed for organizations that wish to transition away from outdated benefits platforms without overhauling their existing operational processes. With Strada's expertise, employers can seamlessly manage benefits directly within Workday, eliminating the complexity of third-party integrations and improving compliance. This direct approach not only streamlines administrative tasks but also enhances the overall employee experience by making benefits management more cohesive and less fragmented.

Nayya's platform, which supports this initiative, is designed to personalize benefits options for employees. By factoring in health data, lifestyle choices, and financial objectives, Nayya assists individuals in making informed decisions that best suit their unique needs. The AI-driven technology ensures that employees receive tailored recommendations that maximize the value of their benefits, thereby enhancing satisfaction and optimizing spending.

Key Features of the New Benefits Administration Solution

1. Workday-native Integration: The collaboration ensures that the benefits administration solution functions seamlessly within the Workday environment, negating the need for any third-party systems or manual data transfers. This integration guarantees that employee data, payroll information, and eligibility details remain accurate and centralized, facilitating audits and reducing errors.

2. AI-Powered Personalization: Nayya's intelligent platform provides customized recommendations based on specific employee data, ensuring that individuals receive benefits options that genuinely align with their needs. This focused approach maximizes the utility of every dollar spent on employee benefits.

3. Smooth Migration with Tangible Results: With Strada's service, employers can easily transition away from traditional U.S. benefits platforms without needing to modify their existing operational frameworks. Preliminary outcomes have indicated that early adopters have enjoyed up to a 50% reduction in costs, an 84% drop in support cases, and a 70% reduction in employee inquiries regarding benefits.

Frank Leistner, SVP of Global Partnerships at Strada, highlighted the critical need for a modernized solution that lightens the administrative load while enhancing the employee experience. He stated,