Benetrax is an electronic card system that can track, monitor and control all expenses and utilization of employee benefits within an organization.

Benetrax - Benefits Tracking System is a state-of-the-art Electronic Employee Benefits Tracking System designed and developed for the employer market. Utilizing the same proven technology used by banks, it is secure, robust and versatile. Benetrax is the only solution available in the market today that can cater for the any form of staff benefits apart from the usual medical benefits. Benetrax can scale horizontally to accommodate Canteen subsidy, Petrol subsidy, Inventory control etc.

When we speak of Employee Benefits, two departments in any sizable organization get heavily bogged down with paperwork. The Human Resources/Administrative Department and the Finance/Accounts Department respectively.

Mainly, the HR Department will have to verify the authenticity of the incoming claims from employees on a month-end basis. The department will also have to cross-check which employee is entitled to what sort of claims based on level or special arrangements. When HR handles thousands of staff with thousands of claims, the problem begins. On top of that, HR department will also have to handle issues between panel clinics and the company.

Benetrax provides a total end-to-end solution to employers to resolve all the hassle of processing, monitoring and controlling employee benefits.

In a nutshell, a Benetrax card terminal will be installed at all respective service providers such as clinics, car workshops, F&B outlets, canteen etc. or whichever location the employer require. Each time an employee visits any of the locations or panel service providers, all the employee have to do is swipe the Benetrax card at the terminal. The transaction will be captured in real-time and into the Benetrax server hosted in GHL office.

GHL will settle all payments to all service providers in seven(7) working days whilst the employer will settle payments with RHB Bank in 30 days. RHB Bank is the partner bank to GHL for Benetrax.

• No Capital Expenditure (CAPEX) - Benetrax does not require any CAPEX as all system hardware, software, terminals and all related peripherals and services are provided by GHL.

• Cost effective operating expenditure (OPEX) - Annual Subscription Fee charged and one-off cost for printing of Benetrax cards translate to a transparent all-in-one pricing model with no other hidden costs.

• Single point of contact - by integrating components of payments solutions and outpatient medical care into one entity (GHL) - Employer enjoys more effective vendor management while minimizing finger pointing at multiple vendors under traditional vendor arrangements.

• Lower operating costs - With Benetrax system in place, the Employer can redeploy its personnel to other more productive and strategic initiatives and objectives that have greater revenue generating impact to the company.

1. What is BENETRAX?

• Employee Benefits Card System

2. What does BENETRAX do?

• Provides Tracking and Monitoring of employee’s benefits expenses via Automated Electronic Keyless Capture

• To provide and generate Real-Time reports of employee’s benefits expenses

3. What is BENETRAX’s Benefits?

• Minimise dispute

• Mitigate manipulation and fraud

• Cost benefit (e.g. less paperwork, Process Improvement)

• Minimisation of errors due to manual intervention/processes

• Online information (real-time 24/7) via web/report

4. Why is BENETRAX relevant to my organization?

• Minimum outlay required to roll out and test new systems

• Predictable and budgetable annual costs

• Proven, Reliable and Secure payments system (Banks and other financial institutions)

• Compatible to existing systems within your organization

5. What are some of the chief concerns we hear from companies and HR Departments:

• Unable to tract real-time actual employee benefits expenditure, such as stationary, uniform, meal, cash advance, etc

• Rising of healthcare cost

• Many employees taking time off with MC

• No proper cost control of company internal employee expenditure

• No control of medical charges and expenses

• Tedious manual paperwork for filling, processing and storing medical applications, claims & payments

• Error in manual data entry

• Patients healthcare being compromise

6. What are some of the benefits or results we can expect from implementing Benetrax?

• Savings in manpower cost

• Streamlining of workflow and minimizing of paperwork

• Ability to identify and monitor each employee’s expenditure and activities.

• Lower medical leave days & realistic visits to doctors

• Medical Certificates (MCs) are genuine and justifiable

• Easier to budget & control employee benefit & healthcare cost

• Cost containment results in improved overall productivity