7th Dec 2006 14:15
ExcellerateHRO Signs Benefits Administration Outsourcing Contract With Bank of
America
ExcellerateHRO Provides Services for Employees in the UK, Ireland and Canada
PLANO, Texas, Dec. 7 -- ExcellerateHRO today announced it has signed a contract to provide Benefits Administration Services for Bank of America, one of the world's largest financial institutions.
Under the five-year agreement, ExcellerateHRO will provide flexible benefits plan services to more than 10,000 Bank of America associates in the United Kingdom, Ireland and Canada. The contract expands the scope of Benefits Administration Services already provided by ExcellerateHRO through the addition of associates in the UK and the launch of flexible benefit plan services for Bank of America associates in Ireland and Canada.
"We are delighted that Bank of America has chosen to expand its relationship with ExcellerateHRO," said Kathryn Kelly, ExcellerateHRO president. "We look forward to serving the needs of Bank of America associates with our innovative technology solutions and best-in-class service offerings."
Since ExcellerateHRO launched in March 2005, the company has signed or renewed contracts valued at more than $550 million for HR Outsourcing, Benefits Administration, Payroll, and Relocation and Assignment services in North America, EMEA, Latin America and Asia Pacific.
ExcellerateHRO Benefits Administration Services
ExcellerateHRO Benefits Administration Services are delivered on best-in- class technology and industry best practices for program delivery. ExcellerateHRO provides employers with the data and tools to more effectively align both program design and delivery with business needs. ExcellerateHRO enables companies to deliver an enhanced employee experience while achieving a new level of business insight for decision-making and strategic outcomes.
About Bank of America
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving more than 55 million consumer and small business relationships with more than 5,700 retail banking offices, nearly 17,000 ATMs and award-winning online banking with more than 20 million active users. Bank of America is the No. 1 overall Small Business Administration (SBA) lender in the United States and the No. 1 SBA lender to minority-owned small businesses. The company serves clients in 175 countries and has relationships with 98 percent of the U.S. Fortune 500 companies and 80 percent of the Global Fortune 500. Bank of America Corporation stock is listed on the New York Stock Exchange.
About ExcellerateHRO
ExcellerateHRO is the jointly owned HR Outsourcing business of EDS and Towers Perrin, combining the outsourcing experience of EDS with Towers Perrin's HR domain expertise. ExcellerateHRO offers a flexible portfolio of HR Outsourcing services on a global basis to mid-size and large employer organizations. The company currently serves more than 400 clients in North America, EMEA, Latin America and Asia Pacific, providing Benefits, Payroll and other HR Administration services to more than 33 million active and retired employees from its client organizations. Learn more at http://www.excelleratehro.com .
CONTACT: Helen Leflar - ExcellerateHRO +1-972-605-8232 +1-214-529-1832 [email protected]
SOURCE Electronic Data Systems Corporation
12/07/2006
/CONTACT: Helen Leflar of ExcellerateHRO, +1-972-605-8232, or +1-214-529-1832, or [email protected] /
/Web site: http://www.eds.com
http://www.excelleratehro.com /
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