Natick, MA, May 17, 2022 —BenefitScape, a women-owned leader in Affordable Care Act (ACA) compliance, today announced it has been recertified as a Women-Owned Enterprise (WBE) by the Women’s Business Enterprise National Council (WBENC). The certification is awarded to companies that are more than 51 percent owned, controlled, operated, and managed by a woman or women.
Women own 30% of small businesses in the U.S., and they’re and they’re generating about $1.5 trillion in revenue, according to the latest American Express State of Women Owned Business Report, the challenges facing these companies remain real, as conscious and unconscious biases still exist in the workplace and in society today.
“We are proud to have been recertified as a Women-Owned Enterprise, a distinction that reflects our commitment to building and creating a workplace culture that encourages all to unlock their full potential,” said Kim Phillips, President/CEO of BenefitScape. “This certification also helps us to attract and retain diverse, well-qualified talent, partners, and clients who share our passion for serving as a socially responsible business.”
While there has been an effort by companies to increase supplier diversity since the late 1960s, it’s never been more imperative than today. It contributes to a company’s ability to create a more inclusive culture and workforce, and increase a company’s environmental, social, and corporate governance reputation.
According to a recent article in the Harvard Business Review, there is also commercial value in an inclusive procurement strategy, widening the pool of potential suppliers and promoting competition, which in turn drives product quality and decreases costs. It also helps to make supply chains more resilient and agile, giving businesses a competitive advantage in challenging times.
BenefitScape is a women-owned, results-driven company that leverages proprietary technology mitigate our clients’ compliance risks and address the complexities of the ACA. Emphasis is on BenefitScape’s ACAPro technology, which offers the flexibility needed to manage client data in a wide variety of formats from multiple sources. Our solution monitors and verifies employee data in real-time providing instant notification of non-compliance with ACA information and reporting requirements.