Employee benefits play a crucial role in workforce satisfaction and organizational success. Effectively managing these benefits ensures that employees feel valued and supported while reducing the administrative burdens for HR teams.

Having a reliable benefits administration ensures support for the employee's well-being. isolved and Summit are two highly rated benefits administration platforms that offer a comprehensive suite of features for payroll, HR management, and financial management.

This isolved vs Summit comparison highlights their key features, pricing, and overall usability to help you select the best option for your organization’s needs.

isolved Vs Summit: At A Glance

Feature

isolved

Summit

User-Interface

Intuitive interface offering comprehensive HR functionalities

Intuitive interface with easy navigation

Benefits Administration

Comprehensive benefits management with benefit enrollment process

Diverse benefits plan with post-tax account support

Analytics And Reporting

Intelligent reporting offering comprehensive data analysis and reporting capabilities

Automated on-demand reporting through its COBRA and billing solution

Mobile App

Offers an Android and iOS mobile app with a user-friendly interface to handle various HR functions

Android and iOS mobile apps provide employees access to their benefits plans

Pricing

Customizable pricing plans tailored to various business requirements

Offers customized pricing plans to suit diverse business needs

What Is isolved?

isolved HR is a human capital management (HCM) provider offering comprehensive software solutions to optimize the employee journey from hiring to retirement. The platform integrates AI-driven tools, self-service features, and workforce management capabilities to improve efficiency and drive organizational success.

Its features include talent management, payroll, compensation management, and benefits administration to address various aspects of human resource management. isolved serves businesses of all sizes across industries such as healthcare, retail, financial services, hospitality, and manufacturing.

Standout Features

  • Predictive People Analysis: It offers extensive benchmark data to support talent acquisition, predict the risk of employee turnover, and facilitate succession planning. This leads to businesses offering better employee experience and enables them to align their operations with strategic goals
  • Intelligent Reporting: The platform includes customizable reports that deliver real-time insights into HR and payroll data, such as employee payroll summary, labor distribution, general ledger, payroll check details, and many more
  • Workforce Scheduling: It simplifies scheduling by allowing managers to create, adjust, and review employee schedules using shift templates and flexible staffing rules. Managers can predict future workforce needs while communicating shift requirements and shortages
  • Expense Management: Automates the tracking and processing of employee expenses, ensuring adherence to regulations and company policies. It simplifies the reimbursement process by offering a unified view of expenses anytime and anywhere

Pros And Cons

Pros

  • Easy review of time clocks for payroll
  • The platform enables users to easily locate important documents
  • Responsive and helpful customer service resolves issues quickly

Cons

  • Occasional problems occur when clocking in and out
  • Challenges with employee account access and password resets

What Is Summit?

Summit, developed by DataPath, is a benefits administration platform tailored for third-party administrators (TPAs). Summit is specifically designed to handle ‘Consumer Directed Healthcare’ (CDH) accounts, retiree benefits, direct billing, and COBRA compliance.

It integrates the management of diverse employee benefits into a single platform. The software features integrated financial tools, including benefits debit cards, electronic payment options, and investment capabilities.

Standout Features

  • CDH Accounts Administration: The software offers an all-in-one solution to manage various CDH accounts. These may include flexible spending accounts (FSAs), health saving accounts (HSAs), health reimbursement arrangements (HRAs), benefits card processing, and transit benefits
  • Consolidated Omnibus Budget Reconciliation Act (COBRA): Summit’s users gain access to streamlined experience in managing COBRA administration. It includes event-based notice generation, automated compliance monitoring, flexible payment methods, and integrated cash management for streamlined reconciliation
  • Retiree And Direct Billing: Streamlines retiree plan management with features like real-time plan eligibility tracking, enrollment assistance, and disbursement and settlement monitoring. It also offers online and mobile account access, payment reconciliation, and scalable Operations BPO services to enhance efficiency and customer experience
  • Card Processing Services: Provides a comprehensive end-to-end solution designed for vendor consolidation and ensures seamless compatibility with any administrative system. It also offers customizable transaction controls and supports both tax-advantaged and post-tax plans, backed by a dedicated U. S. -based support team

Pros And Cons

Pros

  • Supports a wide range of benefit accounts
  • Customizes user access for better security
  • Provides customizable portals with company branding

Cons

  • Offers limited HR features beyond benefits administration
  • Customizations can be complex, especially for new users

isolved Vs Summit: Key Features Comparison

User-Interface

isolved offers a user-friendly interface with comprehensive functionalities. The software’s self-service enrollment, centralized dashboard, and integrated system enable managers to effortlessly access and manage employee information and handle all the HR operations.

DataPath Summit offers easy navigation and streamlines benefits administration, particularly for TPAs. It learns each user’s most frequent daily tasks and automatically guides them through the platform.

Winner: isolved is the winner here as it stands out for its ease of use, a self-service portal, and automated compliance.

Benefits Administration

isolved's benefits administration platform is designed to simplify the complexities of employee benefits management, improving both employer efficiency and employee experience. The platform streamlines the benefits enrollment process, allowing employees to research, choose, and enroll in plans that suit their needs, reducing the reliance on HR teams.

Summit's Well-Being Benefits Administration platform is designed to promote employee wellness by simplifying the management of diverse post-tax accounts that support physical, mental, and financial health.

The software offers various features like Lifestyle Spending Accounts (LSAs) that support employee well-being, Medicare solutions for employees who are retired, and Compass Card, which is highly customizable to support any benefits program.

Winner: Summit stands out on top in this category, as its customizable platform provides a scalable solution for managing benefits.

Analytics And Reporting

isolved offers an intelligent reporting feature within its HCM platform to provide HR professionals with in-depth data analysis and reporting capabilities. It simplifies the reporting process by providing predefined fields commonly used in reports.

Users can easily add formulas and generate reports without needing complex scripting or SQL statements, reducing the chance of errors. The feature allows for report generation across specific date ranges, points in time, and even multiple companies.

Summit's COBRA and billing solution provide powerful reporting capabilities that improve administrative efficiency while ensuring compliance. The software offers HR professionals automated and on-demand reporting, enabling administrators to generate reports in a variety of widely used formats to cater to the needs of internal teams, brokers, and employers.

Winner: isolved takes the lead in this section due to its advanced workforce reporting capabilities, enabling managers to gain valuable insights.

Mobile App

isolved features an intuitive, mobile-responsive interface that enables employees to easily manage their benefits, access plan details, and make well-informed decisions. The app allows managers to simplify employee interactions with HR functions, receive updates, and integrate seamlessly with the software’s ‘People Cloud’ platform.

Summit’s mobile app, ‘Mobile Summit,’ allows HR professionals to access all the employee benefit plan information quickly and easily, anytime and anywhere. This helps managers save time and enables them to view the benefit account details on their app.

Winner: It's a tie as both isolved and Summit provide user-friendly mobile apps with distinct advantages. isolved is particularly strong in offering access to various HR functions in its mobile app, while Summit stands out with its 'Compass Card' integration, which allows real-time transaction tracking.

Closing Thoughts: Which Software Wins The Battle?

Overall, isolved and Summit provide powerful benefits administration, HR, and payroll solutions but cater to different industries requirements. Both platforms serve a wide variety of industries, so evaluating your business's priorities will help you choose the best solution.

isolved is ideal for mid-sized companies with a focus on managing the organization's efficiency for HR, payroll, and benefits teams through its intuitive interface. However, if you’re seeking a more advanced and comprehensive benefits management solution, Summit may be the perfect fit for your business.

Ultimately, the choice between isolved vs Summit depends on your business requirements so you can determine which software can streamline your HR tasks.