A full featured Flexible Spending Account (FSA) Administration System priced
specifically with
smaller organizations in mind!
An excel spreadsheet might be one way to manage an FSA plan, but
it can’t validate claims so that you don’t accidentally
pay them twice or print reimbursement checks from the
same system. With PowerFlex SBE you can now afford a
true FSA administration system that won’t break the
bank!
PowerFlex SBE Features:
Full FSA Plan Administration
Administer FSA plans from start to finish - from
Plan setup to Claims to Reimbursement Checks,
PowerFlex does it all!
Data is maintained in one database, thereby eliminating
synchronization headaches.
Flexible Plan Year Calendar setup minimizes
administrative work by allowing you to define an
entire year’s payroll at one time.
Claim entry is a simple one screen procedure.
Plan history and current status are readily available for
all participants.
Full automation and documentation of terminations and
family status changes.
Claim Verification and Tracking
PowerFlex Software features extensive claim
verification tracking to ensure that all claims:
are incurred during the selected plan year
are submitted before end of the grace period (process
last year and current year simultaneously)
do not exceed the Plan Maximum or available balance
are not duplicated
These verifications ensure transaction conformity to
your FSA's parameters and IRS requirements.
Qualified Expense Reimbursement Check Printing
Integrated check writing capabilities with ability
to print claim detail and account balance
information on the check stub.
PowerFlex Software's check reimbursement process
allows for partial reimbursements. PowerFlex
Software can automatically calculate and limit
dependent care reimbursements to the available
balance while keeping the remainder for the next
check process. All with no effort or calculation on
your part.
Quick Access to Information and Detailed Reporting
PowerFlex Software automatically updates and
maintains plan information as you make changes so a
participant’s Plan Balance will always be
up-to-date.
Current and historical information
is available for on-screen review and reporting.
Quick, easy access to information with our
comprehensive set of standard reports.
Powerful built-in ad hoc reporting engine allows
instant access to a variety of up-to-date
reports within seconds of inputting or printing
claims.
