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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  FINEOS Corporation Holdings plc    FCL   AU0000054322

FINEOS CORPORATION HOLDINGS PLC

(FCL)
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FINEOS : Launches COVID-19 Paid Leave Calculator

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04/02/2020 | 04:25pm EDT

  • Estimates the amount of paid leave for qualifying absences due to COVID-19 related leave reasons and as authorized by the Families First Coronavirus Response Act (FFCRA)

FINEOS Corporation Ltd (ASX:FCL) has announced the launch of the FINEOS Paid Leave Calculator which allows consumers to estimate the amount of paid leave for qualifying absences due to COVID-19 related leave reasons and as authorized by the Families First Coronavirus Response Act (FFCRA). By responding to a few questions in the calculator, consumers can gain a sense of the amount of paid federal leave that might apply to a COVID-19 leave reason. It is a stateless application and maintains no personal customer information.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200402005803/en/

“FINEOS is keeping a keen eye on the changing Paid Leave situation across the U.S., where rapid legislation is being produced to cope with COVID-19 particularly around paid leave,” said Michael Kelly, CEO, FINEOS. “As leaders in the absence management and paid leave industry, it just makes sense for FINEOS to design and build the COVID-19 Calculator as a public service. Our FINEOS Absence and FINEOS IDAM (Integrated Disability and Absence Management) teams have been keeping pace with all the legislation updates and have written a number of relevant paid leave blogs to help keep everyone up to date. These blogs are another public service we offer to consumers and especially our customers to help them weather these uncertain waters with some guidance and clarity.”

Kelly announced the FINEOS COVID-19 Calculator at the March 31, 2020 inaugural FINEOS Virtual Exchange. The customer-exclusive event saw customers from around the globe attend and hear product updates and demonstrations. During the FINEOS Absence update, Rob Say, FINEOS Product Manager, provided a demonstration of the FINEOS COVID-19 Calculator which you can view here.

About FINEOS Corporation Ltd

FINEOS is a market leader in core systems for life, accident and health insurance carriers globally with 7 of the 10 largest group life and health carriers in the U.S. as well as 6 of the top 10 life and health carriers in Australia. With employees and offices throughout the world, FINEOS continues to scale rapidly, working with innovative progressive carriers in North America, Europe, and Asia Pacific.

The FINEOS Platform, powered by AWS, provides customers full end-to-end core administration for group, voluntary and individual across life, accident and health. The FINEOS Platform includes the FINEOS AdminSuite core product suite as well as add-on products, FINEOS Engage to support digital engagement and FINEOS Insight for analytics and reporting.

For more information, visit www.FINEOS.com.


© Business Wire 2020
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Financials
Sales 2020 85,3 M 96,8 M 96,8 M
Net income 2020 - - -
Net cash 2020 35,6 M 40,4 M 40,4 M
P/E ratio 2020 -
Yield 2020 -
Capitalization 952 M 661 M 1 080 M
EV / Sales 2019
EV / Sales 2020 10,7x
Nbr of Employees 718
Free-Float 96,9%
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Mean consensus BUY
Number of Analysts 2
Average target price 3,71 AUD
Last Close Price 3,50 AUD
Spread / Highest target 15,7%
Spread / Average Target 6,00%
Spread / Lowest Target -0,57%
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Managers
NameTitle
Michael Sceach Kelly Chief Executive Officer & Executive Director
Anne Bernadette O'Driscoll Chairman
John Brennan Chief Operating Officer
Thomas Wall Chief Financial Officer, Co-Secretary & Director
Jonathan Boylan Chief Technical Officer
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