Contribution: Industrial Research Assistance Program – Contributions to Firms
SEB Administrative Services Inc.
$60,000.00
FlexPlus Enterprise (FPE)
FY 2020-21 · 2020-04-01
Summary
FlexPlus Enterprise: to onboard & administer benefit plans for Canadian small and medium size employers (“SME” or “Emerging”). FlexPlus Enterprise will provide emerging market employers with cost-effective and efficient plan design flexibility typically only available to large market employers. It will enable SEB to provide fully managed Third Party Administrators (“TPA”) environments on a white label basis to Channel Partners (Brokers, MGAs, Carriers and other TPAs). It will turn cost centers into profit centers for Channel Partners, providing more than 20 new revenue models versus the 2 to 5 revenue models they have today. The benefits for the Emerging market targeted clients will be more flexible plan designs, better analytics, reduced fraud and errors and optimal processing costs.
Department
Program
Industrial Research Assistance Program – Contributions to FirmsIndustrial Research Assistance Program-Contributions to Firms (linked with high confidence)
Recipient
Location
Mississauga|Mississauga, Ontario, Canada
Recipient Type
For-profit organization
Business Number
816764799
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Agreement End Date
2021-01-31
Agreement Number
953001
Agreement Start Date
2020-04-01
Agreement Title
FlexPlus Enterprise (FPE)
Agreement Title (French)
FlexPlus Enterprise (FPE)
Agreement Type
Contribution
Agreement Value
$60,000.00
Amendment Number
0
Coverage
IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation. | Les projets des Contributions aux entreprises stimulent la création de richesse au Canada grâce à l’innovation technologique.
Description
FlexPlus Enterprise: to onboard & administer benefit plans for Canadian small and medium size employers (“SME” or “Emerging”). FlexPlus Enterprise will provide emerging market employers with cost-effective and efficient plan design flexibility typically only available to large market employers. It will enable SEB to provide fully managed Third Party Administrators (“TPA”) environments on a white label basis to Channel Partners (Brokers, MGAs, Carriers and other TPAs). It will turn cost centers into profit centers for Channel Partners, providing more than 20 new revenue models versus the 2 to 5 revenue models they have today. The benefits for the Emerging market targeted clients will be more flexible plan designs, better analytics, reduced fraud and errors and optimal processing costs.
Description (French)
FlexPlus Enterprise : Mettre en place et administrer des régimes d'avantages sociaux pour les petites et moyennes entreprises (« PME » ou « émergentes ») canadiennes. FlexPlus Enterprise offrira aux employeurs des marchés émergents une souplesse de conception de régimes rentable et efficace, généralement réservée aux employeurs des grands marchés. Elle permettra à SEB de fournir des environnements d'administrateurs tiers entièrement gérés sur une base à étiquette blanche aux partenaires de distribution (courtiers, agents gestionnaires généraux, transporteurs et autres administrateurs tiers). Elle transformera les centres de coûts en centres de profits pour les partenaires de distribution, en leur fournissant plus de 20 nouveaux modèles de revenus, par opposition aux 2 à 5 dont ils disposent aujourd'hui. Les avantages pour les clients ciblés des marchés émergents offriront une plus grande souplesse dans la conception de régimes, une meilleure analyse, une réduction des fraudes et des erreurs et des coûts de traitement optimaux.
Expected Results
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Expected Results (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Federal Riding
Mississauga--Malton
Federal Riding (French)
Mississauga--Malton
Federal Riding Number
35062
NAICS Code
541514
Organization Code
nrc-cnrc
Organization
National Research Council Canada | Conseil national de recherches Canada
Program Name
Industrial Research Assistance Program – Contributions to Firms
Program Name (French)
Programme d’aide à la recherche industrielle – Contributions aux entreprises
Program Purpose
The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization
Program Purpose (French)
Le PARI, par le biais des Contributions aux entreprises, vise à appuyer la recherche, le développement, l’adaptation et/ou l’adoption au Canada de produits, de services ou de processus novateurs ou axés sur des technologies nouvelles ou améliorées, et ce jusqu’à leur commercialisation
Recipient Business Number
816764799
Recipient City
Mississauga|Mississauga
Recipient Country
CA
Recipient Legal Name
SEB Administrative Services Inc.
Recipient Postal Code
L4W 5C7
Recipient Province or Territory
ON
Recipient Type
F
Reference Number
172-2020-2021-Q2-953001
