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2006 Press Releases
Workstream Announces Workstream Benefits Enrollment 6.0
On-Demand Solution Provider Releases Latest Benefits Solution
Ottawa, ON. – June 1, 2006 -
Workstream Inc™ (NASDAQ: WSTM), a provider of On-Demand
Enterprise Workforce Management software, yesterday announced
the general availability of Workstream Benefits Enrollment
6.0, a web-based benefit enrollment and administration
application.
Workstream Benefits Enrollment 6.0 is accessible as a
standalone solution or in conjunction with other Workstream
TalentCenter suite applications, such as Workstream Communicator
and Total Rewards Statements. The Workstream Benefits Enrollment
solution gives employees and administrators the ability
to efficiently view and make changes to employee benefits
online, thus reducing employer benefit costs while improving
the way benefits are delivered.
“These enhancements to the Benefit enrollment application
represent the latest example of Workstream’s ongoing
commitment to making investments and improvements in its
products. Coupled with other benefit related applications,
such as Workstream Communicator and Workstream Total Rewards
Statement, companies can deliver a very broad and deep
capability to their employees, benefit administrators and
call center representatives,” stated
Michael Mullarkey, CEO and Chairman at Workstream.
Workstream Benefits Enrollment 6.0 allows employees and
administrators to view and update company employee benefit
programs. It also gives power users the ability to make
administrative and configuration changes to the system
through a non-technical administrative interface.
The 6.0 release adds a number of significant enhancements
to the administrative and eligibility engine areas of the
application. Key Features of Workstream Benefits Enrollment
6.0:
- Benefit Administration Override Capability – Gives
administrative users the ability to override system
settings and accommodate exceptions and unique cases
that need to be handled.
- Benefit Administration Rate Update Capability – Gives
administrators the ability to make adjustment to benefit
rates utilizing the same non-technical interface that
they use to make other system changes.
- Enrollment History View – Allows
administrators to view, on one page, a history of enrollment
changes so they can easily track and communicate historical
data.
- Eligibility Engine Enhancements – Provides
additional support for geographic and tenure based benefit
eligibility rules.
About Workstream Inc.
Workstream provides On-Demand Enterprise Workforce Management
solutions and services that help companies manage the
entire employee lifecycle - from recruitment to retirement.
Workstream's TalentCenter provides a unified view of
all Workstream products and services including Recruitment,
Benefits, Performance, Compensation, Rewards, Knowledge
Management and Transition. Access to the Workstream TalentCenter
is offered on a monthly subscription basis under an on-demand
software delivery model to help companies build high
performing workforces, while controlling costs. With
nine offices across North America, Workstream services
over 400 customers including Chevron, The Gap, Home Depot,
Kaiser Permanente, Motorola, Nordstrom, Samsung, Sony
Music Canada, VISA, and Wells Fargo. For more information
visit www.workstreaminc.com or call toll free 1-866-470-WORK.
This press release contains forward-looking statements
within the meaning of the "safe
harbor" provisions of the Private Securities Litigation
Reform Act of 1995. These statements are based on the
current expectations or beliefs of Workstream's management
and are subject to a number of factors and uncertainties
that could cause actual results to differ materially
from those described in the forward-looking statements.
The following factors, among others, could cause actual
results to differ materially from those described in
the forward-looking statements: inability to grow our
client base and revenue because of the number of competitors
and the variety of sources of competition we face; client
attrition; inability to offer services that are superior
and cost effective when compared to the services being
offered by our competitors; inability to further identify,
develop and achieve success for new products, services
and technologies; increased competition and its effect
on pricing, spending, third-party relationships and revenues;
as well as the inability to enter into successful strategic
relationships and other risks detailed from time to time
in filings with the Securities and Exchange Commission.
Contact:
Workstream Inc.1-866-953-8800
Investorrelations@workstreaminc.com
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