What is benefits administration software? Benefits administration refers to the umbrella of establishing, managing and updating benefits for the employees of an organization. Benefits Administration solutions are the responsibility of a Human Resources (HR) Department, itself usually overseen by Operations and closely maintained by IT. Corporations depend on Benefits Administration to oversee payroll, medical and other insurance choices, HIPAA, IRAs, 401ks, extra-curricular benefits,...
Licensing fees are paid annually.
I wasn't involved in the pricing at all. I have no idea if it is priced high or low.
Whether you pay annually or on some other payment schedule depends on the license model you choose. Typically, clients pay a yearly subscription.
The pricing is reasonable. We have the enterprise edition for our company, and it's fairly priced.