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Selerix and SyncStream: Pioneering Change in HR Technology

In a strategic move aimed at reshaping the HR technology landscape, Selerix, known for its innovative cloud-based benefits administration solutions, has recently acquired SyncStream Solutions, LLC. This acquisition, whose financial details remain undisclosed, positions Selerix as one of the largest providers of Affordable Care Act (ACA) solutions in the U.S. market, providing businesses with an all-encompassing suite of services.

A Game-Changer in ACA Compliance

The combination of Selerix's robust platform and SyncStream's advanced ACA reporting technology introduces a powerful resource for companies striving to navigate the complexities of ACA compliance. By consolidating their offerings, Selerix and SyncStream can now provide end-to-end ACA solutions, including tracking, filing, auditing, and compliance for past years. This integration is tailored for easy access and management, enabling clients to streamline operations while saving time and costs associated with ACA compliance obligations.

Tim Pratte, the CEO of Selerix, pointed out that “the integration of our technologies will allow us to offer real-time benefits compliance and a unique value proposition centered on exceptional customer support.” This collaborative effort not only enhances operational efficiency but also signifies a commitment to supporting clients through the intricate challenges of the staffing and Professional Employer Organization (PEO) sectors.

Spotlight on Enhanced Customer Experience

Both Selerix and SyncStream are highly regarded in their respective areas for their commitment to customer service. Selerix, in particular, has built a reputation for its personalized service—referred to as 'white-glove' service—designed to simplify the daunting landscape of benefits administration. The forthcoming API integration will house client data in one centralized location, improving accessibility and optimizing service functionalities.

SyncStream Solutions, established in 2013 by ERISA attorney Arthur Tacchino, has dedicated itself to alleviating the difficulties surrounding ACA reporting. Its expertise and successful history—helping employers mitigate over $650 million in potential IRS fines—position it as a reliable partner in the ACA compliance domain. “This acquisition not only creates an end-to-end provider of ACA services but also brings together two tenured and experienced teams to better serve our clients,” stated Shannon Scott, CEO of SyncStream.

Delivering Superior ACA Solutions

The merger forms a robust platform poised to address numerous compliance challenges with unmatched customer service. By leveraging the strengths of both companies, Selerix aims to create an influential alliance that can further foster innovative solutions tailored to the needs of businesses employing diverse workforces. Enhanced data access, improved client communication, and a commitment to continuous improvement in service delivery are central tenets of this new combined platform.

With over 25,000 employer groups and 14 million individuals trusting the Selerix brand, the goal is clear: to provide benefits administration that genuinely benefits employees. This merger marks a pivotal moment in HR technology, where clients can now access comprehensive solutions under one roof, streamlining processes and ensuring compliance with ACA regulations.

In conclusion, the acquisition of SyncStream by Selerix exemplifies how partnerships can enhance service offerings in the HR tech sector. This development underscores a significant commitment to innovation, efficiency, and exceptional client support in a challenging regulatory environment. For further information about Selerix and its expanded services, you can visit selerix.com.