October 19, 2018 13:30
Photo : Freepik
Sun Life financial of Canada has invested $ 15 million ($M) shares in Rise People, a company that provides a platform for human resources management, payroll and group benefits. The agreement provides that Sun Life has the option to invest an additional amount of$9 Million.
The two companies say they want to collaborate in order to provide connections and digital services to businesses in the country. The integrated solution will be launched among small and medium-sized businesses across Canada during the first quarter of 2019. Rise People also intends to expand the program to consulting firms.
“We are well placed to know the extent to which the management of group benefits and HR can be complex. The companies are looking for solutions that are simple, integrated and techno-savvy to be able to focus on what matters most : their employees, ” says Dave Jones, senior vice-president, group benefits at Sun Life financial Canada.
The platform Rise People allows users to make the management of human resources, time tracking, payroll and group benefits. The employee will have access to their group benefits through a personalized experience that maximizes the health, productivity and engagement.
The software also promises to reduce the costs to employers and increase the accuracy and efficiency.
A range of new services
“Our strategic relationship with Rise and enable us to offer a range of new services to a large number of our customers, and it will allow advisers to differentiate themselves from the competition and increase their value proposition through a digital platform that simplifies the management and mobilises employees,” adds Mr. Jones.