Oliver: digital transformation in benefits administration
Oliver is transforming the way in which companies administer their benefits and retirement plans.
The business has some 40 years of experience in building bespoke benefits technology solutions for clients.
During that time it has worked with companies from the smallest, single employers to large multi-employers groups, giving it unique insight into best practices and the importance of a well delivered benefits administration programme.
Today, Oliver’s mission is to serve its customers - regional and national clients across Canada - through the delivery of innovative technology that plays an essential role in the way in which employee benefits are administered.
It does this through its innovative software solution. Oliver’s comprehensive product allows for multiple plans and employers, or one simple plan.
It can also be configured for a single- or multi-employer environment.
Take Oliver Admin as an example. This software uses simple workflows to guide administrators through complex daily and monthly tasks. It also uses smart automation tools that ensure a more efficient running of bulk processes.
Oliver Admin covers several areas of benefits administration, including document management and smart organisation, comprehensive reporting capabilities, advanced use of data to provide audit tracking services, and the automation of key administrative tasks.
Oliver also provides customers with a dedicated portal building solution for advisors, employers or employees.
This enables, among other things, a customer to have greater control over the end-user experience thanks to an intuitive and easy to navigate dashboard that only provides relevant information.
Similarly, Oliver Portals improve administration workload within the organisation. For example, by creating a dedicated employee portal, employees are encouraged to engage by themselves rather than using valuable administration time.
Oliver works with several leading organisations across a number of sectors. These include PPI Benefits, a division of Canadian insurance and financial services company PPI.
In this instance, PPI Benefits has been in the midst of a digital transformation journey in which companies such as Oliver have played a crucial role.
BME and BBF Fintech to stage sustainable finance hackathon
The first hackathon focused on the fintech and insurtech world at an international level, concentrating on sustainable finance, will be hosted in Bilbao.
The ‘Hack & Disrupt!’ event will take place on 25, 26 and 27 June, and is organised by BME and BBF Fintech. The event aims to bring together companies, entrepreneurs and startups to solve global technological challenges as a team.
The event, which is sponsored by BBK, Plaza Financiera Bilbao and SIX's startup accelerator, F10, wants to connect entrepreneurs and businesses to re-imagine finance and insurance through digitalisation. The challenges that participants will be facing are geared towards innovation and sustainable finance.
Due to the pandemic, the event will be held in a hybrid format, combining a face-to-face part, at the BBF Bilbao Berrikuntza Faktoria, and through a technological platform, which will feature different stands, chats and workrooms. The opening and closing ceremonies, as well as various panels related to the entrepreneurial world and the fintech and insurtech ecosystem, will be streamed from the platform.
What will happen at the event?
The opening will reflect on innovation in the securities markets and then afterwards there will be a panel discussion on sustainability. Challenges will be introduced on Friday evening, and the teams will start working on their resolution until Sunday 27th. Saturday 26th features presentations by several experts, including Berta Ares, General Manager of BME Inntech, and Manuel Ardanza, Chairman of the Bilbao stock exchange.
The winners, which will be announced on Sunday, will be eligible for three prizes: a prospection trip to Switzerland, where they will be able to get to know its fintech ecosystem in detail, the possibility of participating in the incubation Programme and in BBF Fintech’s II Open Innovation Programme, the public-private fintech incubator promoted by Bizkaia’s provincial council, Bilbao’s City Hall, the University of Mondragón and Dominion, as well as direct access to the final interview to participate in the F10 incubation and acceleration programme.
Javier Hernani, CEO of BME, believes that BME's presence at this event reaffirms the company's commitment to digitalisation, innovation and the promotion of SMEs and disruptive startups, which adds to other initiatives, such as the Pre-Market Environment. "Today's startups can be tomorrow's stock market blue chips," he stated. “We also reiterate our support for Bilbao as an innovative financial centre, where BME closely follows the entrepreneurial ecosystem”, he added.