News Column

Mangrove Software Selects Transamerica for Strategic 401K Partnership

August 1, 2014



Tampa, Florida (PRWEB) August 01, 2014

Mangrove Software, a leading provider in enterprise Human Capital Management (HCM) solutions in the cloud, has announced a strategic partnership with Transamerica, the front-runner of customized retirement plan solutions for small to large organizations. This newly formed business relationship strengthens Mangrove's ability to offer its clients a seamless cloud-based application for HR Management, Payroll, Time and Attendance, Recruiting, and 401k Management.

"Mangrove specializes in streamlining complex business practices. The technology partnership with Transamerica seamlessly connects our customers to a market leading financial services company and eliminates the clerical burden and fiduciary exposure related to manual data transmission," said Eric Weitz, Vice President of Sales for Mangrove Software. "Now our customers are free to concentrate on business initiatives and employee engagement rather than administrative tasks."

As a launch partner, Transamerica will offer clients:

1. Reduction of administrative burdens such as enrollment, compliance, hardships/loans, and more

2. Notifications to eligible employees regarding program details, enrollment dates, summary documents, etc.

3. Submission of census data and other government required compliance records

"At Transamerica, we are in the business of helping people transform their tomorrow by creating better financial futures," said Jeff Zyonse, Regional Vice President of Emerging Markets. "This includes strategic partnerships that allow companies the opportunity to streamline operations and reduce fiduciary risk."

Designed to meet the needs of all organizations, Mangrove's new partnership will help employers streamline the 401K enrollment process, verify deferral calculations, process loans, and promote employee loyalty by providing a transparent roadmap for their future.

"Our goal is to minimize human error and improve productivity through the use of technology and service. With this new partnership, our customers can easily leverage Transamerica's smart financial tools and products to better manage the financial future of their workforce," said Weitz.

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About Mangrove Software

Mangrove designs, markets, implements and supports HR, payroll, and talent management solutions in the United States. Mangrove is an Internet-based solution delivered via cloud, and designed to improve the relationship between employer and employee through the use of technology. Mangrove's solutions deliver the functionality businesses need to manage their employees, including recruitment and onboarding, HR management and compliance, benefits management and online enrollment, payroll, performance management, reporting and analytical decision-making tools, time and attendance, and a self-service Web portal for executives, managers, administrators, recruiters, and employees. For more information on Mangrove and its solutions, please visit http://www.mangrovesoftware.com.

About Transamerica Retirement Solutions

Transamerica Retirement Solutions (Transamerica) is a leading provider of customized retirement plan solutions for small to large organizations. Transamerica partners with financial advisors, third party administrators, and consultants to cover the entire spectrum of defined benefit and defined contribution plans, including: 401(k) and 403(b) (Traditional and Roth); 457; profit sharing; money purchase; cash balance; Taft-Hartley; multiple employer plans; nonqualified deferred compensation; and rollover and Roth IRA.

Transamerica helps more than three million retirement plan participants save and invest wisely to secure their retirement dreams.* For more information about Transamerica Retirement Solutions Corporation, please visit http://www.trsretire.com.

*As of December 31, 2013

Read the full story at http://www.prweb.com/releases/2014/08/prweb12066179.htm


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Source: PR Web


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