Grants and Contributions:

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Title:

FlexPlus Enterprise (FPE)

Agreement Number:

953001

Agreement Value:

$60,000.00

Agreement Date:

Apr 1, 2020 - Jan 31, 2021

Description:

FlexPlus Enterprise: to onboard & administer benefit plans for Canadian small and medium size employers (“SME” or “Emerging”). FlexPlus Enterprise will provide emerging market employers with cost-effective and efficient plan design flexibility typically only available to large market employers. It will enable SEB to provide fully managed Third Party Administrators (“TPA”) environments on a white label basis to Channel Partners (Brokers, MGAs, Carriers and other TPAs). It will turn cost centers into profit centers for Channel Partners, providing more than 20 new revenue models versus the 2 to 5 revenue models they have today. The benefits for the Emerging market targeted clients will be more flexible plan designs, better analytics, reduced fraud and errors and optimal processing costs.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Mississauga, Ontario, CA L4W 5C7

Reference Number:

172-2020-2021-Q2-953001

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

816764799

Recipient Type:

For-profit organization

Recipient's Legal Name:

SEB Administrative Services Inc.

Federal Riding Name:

Mississauga--Malton

Federal Riding Number:

35062

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

541514