History
SBC Systems (UK) was launched when US-based SBC Systems Company Inc teamed up with B2E Solutions, a London-based HR technology and business change consulting firm, to establish a European presence to deliver its software and services more effectively to locally based organisations. SBC Systems (UK) had its first full year of business in 2006 and quickly secured some significant clients. SBC Systems (UK) operates in seamless collaboration with SBC Systems Company Inc, sharing resources and expertise to ensure the best service delivery to its clients.
SBC Systems in the United States was founded in 1977 by Murray Goldman to meet the needs of employers and third party administrators after the passage of the Employee Retirement Income Security Act (ERISA) in 1974. This Act changed everything for U.S. employers. Managing large-scale employee benefit plans became more complex, and more costly. As a benefits professional, Murray Goldman, SBC's founder, recognised that employers and third-party administrators now needed a simple, cost effective solution for benefits administration. SBC Systems was founded to meet those needs.
This philosophy has continued over the years. The company's earliest solution operated on IBM mainframes and was designed to help third-party administrators manage pension plans. Today, we operate using the latest .NET based 3-tier system. SBC Systems has become an industry pioneer with its 'by benefits professionals, for benefits professionals' philosophy.
The company's latest platform - Lifeworks - provides considerably enhanced “front end” capability whilst also extending the capabilities of the “back end” Benefits Workstation platform. This powerful software can handle complicated, data-intensive demands, integrate with existing HR/payroll systems and easily adapt to the constantly evolving employee benefits environment. Functionality includes the full range of pension and benefit administration for employees, administrators, managers and third parties. It covers defined benefits and defined contribution pensions, flexible benefits, full auto-enrolment management, and Billing and Self-Service. Most importantly, this software can administer all employee benefits on one platform - without sacrificing data integrity.
While technology and benefit plans have changed over the years, SBC's mission and passion have remained the same: to provide employers with a state-of-the-art administration platform capable of being implemented and maintained by benefits professionals. Today, Benefits Workstation processes over 1.2 million lives for stand-alone corporate clients, third-party administrators, outsourcers and other governmental and non-governmental organisations, both nationally and internationally.