Press release
Lincoln Financial Group named Workday Innovation Partner to help bring ease and efficiency to employee benefits
The partnership will help provide joint Lincoln and Workday customers with increased access to Lincoln’s benefit management solutions RADNOR, Pa.--(BUSINESS
About this update from Workday, Inc.
[{"type":"text","content":"\nThe partnership will help provide joint Lincoln and Workday customers with increased access to Lincoln’s benefit management solutions\n\n\n RADNOR, Pa.--(BUSINESS WIRE)--\nLincoln Financial Group (NYSE: LNC) today announced it has been named an Innovation Partner by Workday, Inc. (NASDAQ: WDAY), a leading provider of solutions to help organizations manage their people and money. As a Workday partner, Lincoln will help increase joint customers’ access to seamless benefits administration and customized solutions from Lincoln’s insurance technology (InsurTech) experience, LincSmart. LincSmart helps streamline benefits management experiences for Lincoln’s employer customers, helping customers improve efficiency and accuracy while reducing administrative burden.\n\n\nThrough an integration built by Lincoln, joint Lincoln and Workday customers using Workday Human Capital Management (HCM) can benefit from innovative LincSmart capabilities, such as real-time data exchange, helping them maximize their use of the Workday platform and solutions, and simplify their most time-consuming tasks such as manual absence entry, carrier billing, and data reconciliation.\n\n\nAs a Workday partner, Lincoln’s LincSmart technology helps provide joint customer benefits, including:\n\n\n\nReal-time absence updates: Automate claim and leave status in Workday through a real-time data exchange, including intermittent time tracking.\n\n\n\nSimplified billing: Automate monthly self-billing statements using Workday source election data to calculate premium.\n\n\n\nEnrollment optimization: Enhance the enrollment experience to promote employee engagement by empowering employees with product education on voluntary benefits, such as accident, critical illness and hospital indemnity insurance.\n\n\n\nEvidence of insurability: Streamline the employee experience and limit manual employer tasks through an end-to-end evidence of insurability process.\n\n\n\n“Employers want simple, automated workflows, technology solutions, and a true, consultative partner. Our LincSmart InsurTech solution provides all three, and that support gives our employer customers time to focus on what matters most — their employees,” said Jimmy Reid, executive vice president, president of Workplace Solutions, Lincoln Financial Group. “We’re committed to meeting our customers’ comprehensive need...