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Genesys Announces Partnership with WageWorks Genesys HRMS Clients Can Now Take Advantage of CommuteEssentials and FlexEssentials for Efficient Management of Employees' Pretax Savings Accounts METHUEN, Mass. — July 9, 2002 — Genesys, a provider of software and outsourcing services for learning management, human resource (HR) management, payroll, and benefits, announced today an integration and referral partnership with WageWorks®, the leading provider of health, dependent care and transportation spending account programs. As a result of the agreement, those companies using the Genesys web-based HRMS applications or services can maximize the benefits of WageWorks' CommuteEssentials™ and FlexEssentials™, products used to manage employees' pre-tax accounts for health, dependent care and transportation. When used together, the WageWorks products and Genesys payroll modules provide for efficient management of payroll deductions required for the pretax accounts. Employees set up pretax accounts through either CommuteEssentials, which manages work-related transportation expenses such as parking and transit fares, or FlexEssentials, which manages flexible healthcare and dependent care pretax accounts. Information is then sent to the Genesys payroll module to set up pretax payroll deductions. "Genesys has been a leader in HR-related systems for many years and works with a long list of blue-chip companies," said Jon Kessler, CEO of WageWorks. "We're pleased to have the opportunity to work with Genesys clients to expand their benefits offering to employees." "The versatility of our HRMS System gives us the ability to work with partners such as WageWorks," said Larry Munini, president and CEO of Genesys. "WageWorks has demonstrated ongoing market leadership in providing products to take advantage of potential employee tax savings. We believe they will add real incremental value to many Genesys clients. About WageWorks WageWorks is the leading national provider of health, dependent care and transportation spending account administration programs for corporate and government human resource organizations. Through its flagship products, CommuteEssentials and FlexEssentials, WageWorks provides an easy and cost-effective way for employees to pay for essential benefits through fully-compliant, high-utilization programs that enhance job satisfaction and provide quantifiable and measurable results with bottom line savings for their employers. Led by one of the most experienced management teams in the benefits industry, the company was founded in January of 2000. WageWorks is headquartered in San Mateo, California, with offices in New York, Chicago and Washington, D.C. For more information, please visit the Web site at www.wageworks.com, email WageWorks at info@wageworks.com, or call 877-WageWorks (877 924 3967). About Genesys Genesys is a privately held company with headquarters in Methuen, Massachusetts, and offices throughout the United States. Founded in 1981, the company offers an extensive solution suite for comprehensive payroll, human resources, benefits, and learning and competency management. All products and services are based on a high-performance, Web-native architecture that enables users to conduct day-to-day business activities - including complex payroll production, data entry, reporting and inquiries - with a standard Web-browser interface. PeopleComeFirst Learning, a Web-based learning and competency management system, is the newest addition to the Genesys portfolio. For the past eight years, hundreds of clients have depended on Genesys for outsourcing and ASP services for confidential, mission-critical business and employee data. Headquarter facilities include a state-of-the-art data center with extensive security, backup, and redundant systems. For more information, visit www.genesysHCM.com or call (800) 580-5450. ### Trademarks and registered trademarks referenced herein remain the property of their respective owners. - Back to Top - Copyright © 2000 -
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