ATLANTA, Sept. 9, 2014 /PRNewswire/ — BenefitHub, a technology enterprise with a proprietary, fully customizable, cloud-based benefits portal and marketplace, added Purchasing Power as a voluntary benefit provider to give millions of BenefitHub members access to the industry-leading employee purchase program.
Clients of BenefitHub include many Fortune 500 companies, in addition to four of the ten largest employers in the U.S. With the addition of Purchasing Power, employees can purchase consumer products such as computers, electronics and furniture, as well as online educational services and vacation packages, through a convenient, 12-month payroll-deduction plan.
Purchasing Power pioneered the concept of an employee purchase program to provide disciplined purchasing through manageable payments for workers living paycheck to paycheck. Today, it is popular with employees at many income levels because of the convenient, e-commerce purchasing experience with payroll-deduction capability.
“Purchasing Power’s state-of-the-art technology caters to the expectations of large, sophisticated clients who are looking for a best-in-class e-commerce experience for their employees,” Elizabeth Halkos, Purchasing Power Chief Revenue Officer, said. “Our continuous product catalog expansion; addition of services such as education and vacation packages; scalable, feature-rich, enterprise class e-commerce platform; and focus on financial wellness, have not only made us a popular benefit choice by employers but also has led to our fast-paced growth,” Halkos explained.
In addition to health, financial, wellness and other benefits, BenefitHub offers employees special access to numerous retail and other merchandise and services discounts through thousands of merchants.
“We are excited about the value that Purchasing Power offers our members. Having immediate access to essential durable goods like appliances and computers paid over 12 months with transparent pricing and no interest charges or fees is a key benefit for our members,” Tony Gonsalves, BenefitHub CMO, said. “For our members, their job is their credit and they are pre-approved for an extensive range of products,” he added.
About Purchasing Power, LLC
Headquartered in Atlanta, Purchasing Power is available to six million people through large companies – including Fortune 100s – and government agencies. Purchasing Power is one of the fastest-growing specialty e-retailers in the market offering a leading voluntary benefit program. Purchasing Power was honored for “World Class Service” by Smart Business, recognized as one of the fastest-growing companies for seven years on the Inc 500|5000, and is one of “Atlanta’s Best and Brightest Companies to Work For.” Purchasing Power is ‘Powering People to a Better Life™, through its employee purchase program, financial literacy efforts and charitable contributions. Purchasing Power is a Rockbridge Growth Equity, LLC Company. For more information, visit www.PurchasingPower.com.
BenefitHub is a fully customizable, cloud-based benefits portal and marketplace. Four of the top ten largest employers in the U.S. – UPS, McDonald’s, Citi and Target – use the BenefitHub platform, as well as dozens of other Fortune 500 clients including Toyota, CVS, Marriott, Caterpillar, Hertz, Xerox, Sprint, Darden, Luxottica, Raytheon, and CenturyLink and more than 5,000 client organizations and their seven million employees and members. They get special access to unique discounts, voluntary benefits and perks, including millions of discounted event tickets, restaurants and local deals, and special rates on essentials like cell phone service and auto insurance. For big ticket purchases like tablets, computers, TVs and appliances, they can pay over 12 months interest free. Merchants really appreciate the privileged access to millions of employees. BenefitHub is marketed by most of the top employee benefit brokers in the U.S. For more information, please visit www.BenefitHub.com.
SOURCE Purchasing Power