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New Payroll Service Expands Selling Power and Service Capability of Employee Benefits Brokers
Date:5/9/2008

WALNUT CREEK, Calif., May 9 /PRNewswire/ -- Claremont Insurance Services (http://www.claremontcompanies.com) and Cyntron Payroll Solutions (http://www.cyntron.com) today announced an innovative partnership to market and sell payroll services through the employee benefits broker channel. PayrollSelect expands the selling power and service capability of employee benefits brokers. It provides an additional recurring revenue stream for the broker and protection of their group benefits book from encroachment by other industry channels.

"As employee benefits brokers increasingly become human resource advisors to their clients, payroll services are a natural addition to the broker's portfolio of product offerings," said Michael Traynor, President, Claremont Insurance Services. "Employee benefits decisions are being impacted by an increasingly complex combination of employer and employee characteristics as well as government regulation. For initiatives that mandate healthcare spending based on salary, good payroll service is a critical component needed to assure compliance. PayrollSelect provides tools for the broker that enable powerful insight into each client's specific situation."

Employee benefits brokers have increasingly been facing competitive threats from other industry channels over the last few years, including from banks, payroll providers and professional employer organizations. Having a payroll service in their product offering enable brokers to compete more effectively against these other channels.

"Cyntron's accounting and tax expertise, easy-to-use web platform, and high-touch service model, all combine to create an ideal payroll solution for employee benefits brokers to offer," said Mark Dancsecs, President, Cyntron Payroll Solutions. "Employer clients receive the same stellar service from Cyntron that they expect and
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SOURCE Claremont Insurance Services
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