Automating the 401K Enrollment Process
Organizations that manage benefits for small companies deal with paper forms that are faxed and mailed to their offices. Often they must decipher hand written data — creating the potential for errors. Enrollment in 401K programs is an example of one of the more cumbersome programs, requiring enrollees to provide personal financial information and Social Security information. Due to privacy regulations this information must be protected.
DataMotion SecureForms allows the data to be entered electronically by the enrollee (Automating 401k enrollment). Field editing in the form can verify the accuracy of the data. Forms are then sent securely through the Internet and automatically entered into a back end application.
Benefits and Results
- Saves money while increasing accuracy and efficiency
- Form data can be integrated into current workflows through a back office application – automating the process and reducing the number of manual steps