MINNEAPOLIS--(BUSINESS WIRE)--Ceridian announces that it has entered into a strategic alliance with WageWorks, Inc. (NYSE: WAGE), a leading provider of Consumer-Directed Benefits (CDBs), such as pretax accounts for health, commuter and other employee benefits.
Under this alliance, WageWorks will assume responsibility for the administration of all Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), Health Savings Accounts (HSAs), Commuter Benefit Accounts, and Premium Only Plans currently provided by Ceridian. In addition, as part of this alliance, Ceridian will soon offer through its sales organization WageWorks’ health, commuter and other pretax employee benefit accounts to Ceridian employer clients. By partnering with WageWorks, Ceridian is committed to its clients and their employees having access to the expertise, technology and enhanced services in Consumer-Directed Benefits WageWorks offers, while continuing to focus on driving innovation and maintaining a leadership position in human capital management.
“This partnership allows two leaders in their space to deliver a combined best-in-class solution, and enables Ceridian to deliver even greater value to our customers in the area of Consumer-Directed Benefits,” says David Ossip, CEO, Ceridian HCM. “WageWorks’ technology platform combined with their strong focus on customer service, education and engagement is an excellent complement to our transformative human capital management products and services.”
“We are very excited to be working with Ceridian,” says Joe Jackson, CEO, WageWorks, Inc. “Through this alliance, we are able to bring WageWorks’ tax-saving Consumer-Directed Benefits to the large number of employers and employees that are already working with Ceridian, and taking advantage of their industry-leading offerings in human capital management."
WageWorks and Ceridian expect to transition approximately 18,000 employers from Ceridian to WageWorks’ Consumer-Directed Benefits, beginning in the fourth quarter of 2013 and continuing into 2014. WageWorks maintains a strong track record of successful and seamless integration of large customer groups, and both companies will be working closely together to ensure a smooth process for all existing clients. Ceridian will continue to fully support its existing clients through the transition with the same level of quality and service.
About Ceridian
Ceridian is a leader in human capital
management with more than 100,000 clients in over 50 countries. We
deliver trusted results and transformative technology. Our offering
includes the award winning, cloud-based Dayforce HCM, LifeWorks,
PowerPay and International Payroll. Ceridian is transforming the world
of work. For more information call 1-800-729-7655.
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About WageWorks
WageWorks (NYSE: WAGE) is a leading provider
of Consumer-Directed Benefits (CDBs) in the United States. WageWorks
administers and operates a broad array of CDBs, including pretax
spending accounts, such as health and dependent care Flexible Spending
Accounts (FSAs), as well as Commuter Benefit Services, including transit
and parking programs, Health Savings Accounts (HSAs), Health
Reimbursement Arrangements (HRAs), and other employee benefits.
WageWorks is headquartered in San Mateo, California, with offices in major locations throughout the United States. For more information, please visit the website at www.wageworks.com.
