LynchVal Review - why 3.9 stars?

LynchVal Review
ITQlick Score: 72/100
ITQlick Rating:
Pricing: 3/10 - low cost
Category: Benefits Administration -> LynchVal review
Ranking:Ranked 33 out of 79 Benefits Administration systems
Company: Lynchval Systems
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: LynchVal pricing, LynchVal alternatives
Shlomi LaviShlomi Lavi / updated: Apr 19, 2022

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What is LynchVal?

LynchVal is a web based benefits administration solution designed for businesses of all sizes. It offers such services as employee database, deduction management, provider management, and others. The software was designed and launched by Lynchval Systems Worldwide Inc headquartered in Virginia, United States.

Who is it best for?

Customers of the software include small and medium businesses as well as large enterprises. Major industries and domains where it can be used include retail and wholesale, financial services, technology and IT services, media and entertainment, and others.

Main features and functionalities

The software offers comprehensive benefits administration capabilities offering various useful utilities such as social security calculator, batch processing for benefit statements, actuarial factor calculator for verification of optional payment forms, automated import routine for ongoing participant and payroll data, and detailed audit trail for selected fields identifying which user is responsible for a modification and when it occurs.

LynchVal determines calculations for retirement, death, disability, and other termination benefits. It stores actual service history and salary history in the database. Other important capabilities of the software include automatic adjustment of benefit accruals, participant benefit statements, customized reports designed by the users, benefit certifications with supporting worksheets, employee and participant listings, and others.

What is the actual cost?

ITQlick pricing score is 3 out of 10 (10 is most expensive). Access ITQlick pricing guide for LynchVal. You can also find here pricing information from LynchVal's website.

How it stacks up?

Access a head to head analysis of LynchVal vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
Compare
LynchVal
ITQlick rating
3.9/5
Score
72/100
Pricing
3/10
License pricing
Pricing not available
Functionality
3
Compare
Benelogic
ITQlick rating
4/5
Score
92/100
Pricing
5.6/10
License pricing
Pricing not available
Functionality
3
Decisely
ITQlick rating
4.6/5
Score
92/100
Pricing
7/10
License pricing
Pricing not available
Functionality
4
PX3000
ITQlick rating
4.7/5
Score
90/100
Pricing
6.2/10
License pricing
Pricing not available
Functionality
3
Review

Frequently Asked Questions (FAQs)

Is it the best Benefits Administration system?

LynchVal is ranked 33 out of 79 software in their category (Benefits Administration systems).

How they are rated on ITQlick?

The rating of LynchVal is 3.9 stars out of 5 and the total score is 72 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Is it an easy to use Software?

Yes, LynchVal makes it fairly easy to use. This product is user friendly and intuitive.

Is it cloud-based?

No, the software in not cloud based so you would need to install it locally and connect it directly to a server.

Can it be used on mobile?

No, currently LynchVal can't be accessed on mobile, you would need to access it from your computer.

What should we ask during a demo session?

Differences between LynchVal and alternatives?

The most popular alternatives to LynchVal in 2023: Benelogic, Decisely, PX3000, COBRApoint, PeopleKeep. Access the complete competitors analysis here - LynchVal VS Benefits Administration Software alternatives.

List of categories

Fixed Asset Management
Budgeting & CPM

Auditor - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.