SelectSmart logo

SelectSmart

by SAVVI Financial · Since 2013
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ActiveAvailable globallyCloud
Quick facts
VendorSAVVI Financial
Year launched2013
StatusActive
Location465 Waverley Oaks Rd, Waltham, MA 02452
Countries servedGlobal
Languages10
IntegrationsN/A
Free tierN/A
Free trialN/A
Contact salesYES

About SelectSmart

SelectSmart is a decision-making software from SAVVI Financial that helps users make informed choices. It provides tools for scenario analysis, data visualization, and risk assessment so that users can evaluate different options effectively. The software allows users to analyze complex data sets and see potential outcomes, facilitating better planning and decision-making. With its user-friendly interface, SelectSmart enables individuals and organizations to understand their options thoroughly before making concluding decisions. Key capabilities: scenario modeling data analytics risk management reporting user collaboration Best for: financial analysts and decision-makers that need to evaluate various financial scenarios and their implications.

SelectSmart by SAVVI Financial is a robust benefits administration software designed to simplify the process of benefit selection and enrollment for employees. Primarily aimed at employers, benefits administrators, and retirement providers, SelectSmart streamlines the decision-making process by offering personalized benefit plan recommendations based on the unique needs of employees. The software's key features include automated benefit plan recommendations, intuitive user navigation, seamless employee engagement tools, and integrated reporting and analytics. By focusing on providing employees with tailored benefits options, SelectSmart helps employers manage their benefits offerings more efficiently, ultimately contributing to greater employee satisfaction and engagement with their benefits plans. The user interface of SelectSmart is well-organized, clean, and designed for simplicity. Navigating through the system is intuitive, with a dashboard that gives users quick access to all necessary functions. The user-friendly design ensures that even those with limited technical knowledge can quickly adapt to the system. Whether employers are setting up benefit options for employees or employees are using the system to select their benefits, the software makes the process straightforward.

Pros & Cons

Pros
  • Reduced Healthcare Costs: SAVVI claims that SelectSmart can save employees an average of $500+ per year and employers over $200,000 annually. This is achieved by helping employees choose the most cost-effective health insurance plans and by increasing enrollment in Health Savings Accounts (HSAs).
  • Improved Employee Wellbeing: By empowering employees to make informed decisions about their benefits, SelectSmart can help to reduce financial stress and lead to a happier, more engaged workforce.
  • Increased Employee Satisfaction: Testimonials on the SAVVI website suggest that employees appreciate the guidance provided by SelectSmart.
  • Data-Driven Insights: SelectSmart provides valuable data about employee needs and preferences, allowing employers to better tailor their benefit offerings.
  • Flexible Deployment Options: SelectSmart can be used as a standalone platform, integrated with existing systems, or fully integrated for a more powerful experience.
  • NextDollar Action Guidance: This feature helps employees make the most of their remaining paycheck by offering personalized advice on voluntary benefits, emergency savings, and retirement contributions.
  • Security: SelectSmart is SOC 2 Type II certified, demonstrating a commitment to data security.
Cons
  • Price Unknown: The pricing for SelectSmart is not available on the website, making it difficult to compare with competitors.
  • Limited Information: There is a lack of details about the software's functionalities like budget tracking, reporting capabilities, or integration with specific HR systems.
  • Limited Customer Reviews: While testimonials are provided, the lack of independent reviews makes it hard to gauge overall user experience.
  • Focus on US Market: The website and customer base seem primarily focused on the US market, potentially limiting features or support for international companies.
  • Uncertain Scalability: It's unclear if SelectSmart can scale to accommodate a growing company's needs.

Features

Key features

Personalized Benefit Optimization

Analyzes employee needs and preferences to recommend the best benefit options for each individual.

Increased Savings

Helps employees save money on healthcare costs by choosing the right plans and maximizing contributions.

Reduced Employer Workload

Streamlines the enrollment process for employers and reduces the need for outreach.

Improved Employee Wellbeing

Empowers employees to make informed decisions about their benefits, leading to greater financial security and peace of mind.

Data-Driven Insights

Provides valuable data about employee needs and preferences, allowing employers to better tailor their benefit offerings.

Flexible Deployment Options

Can be used as a standalone platform, semi-integrated with existing systems, or fully integrated for the most powerful results.

NextDollar Action Guidance

Helps employees make the most of their remaining paycheck by offering personalized advice on voluntary benefits, emergency savings, and retirement contributions.

Additional features

Data Collection

Gathers information about employee demographics, salary, and current benefits coverage.

Benefit Preference Analysis

Considers employee needs, budget, health status, and family situation.

Personalized Recommendations

Recommends the most cost-effective health insurance plans, HSAs, and supplemental insurance options.

Enrollment Support

Guides employees through the enrollment process and helps them understand their options.

NextDollar Action Guidance

Provides personalized advice on how to allocate remaining paycheck funds for maximum impact.

Standalone Deployment

Can be used independently alongside existing enrollment platforms.

Semi-Integrated Deployment

Integrates key benefit information with existing systems to improve the enrollment experience.

Fully Integrated Deployment

Offers the most powerful and engaging experience by combining comprehensive benefits data with SelectSmart guidance.

Additional Information
Proven ROI

SAVVI claims that SelectSmart can save employees an average of $500+ per year and employers over $200,000 annually. (Citations provided on their website)

Customer Satisfaction

Testimonials from satisfied customers are featured on the website.

Security

SelectSmart is SOC 2 Type II certified, demonstrating a commitment to data security.

Resources

The website offers a variety of resources, including ROI calculators, case studies, and white papers.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
10
Interface languages
14
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseDutchRussianChineseJapanese.

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇯🇵JPY🇦🇺AUD🇨🇦CAD🇨🇭CHF🇨🇳CNY🇸🇪SEK🇳🇿NZD🇰🇷KRW🇮🇳INR🇷🇺RUB🇿🇦ZAR

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