PENFAX Review - why 3.3 stars?

PENFAX Review
ITQlick Score: 72/100
ITQlick Rating:
Pricing: 6.6/10 - high cost
Category: Benefits Administration -> PENFAX review
Ranking:Ranked 33 out of 79 Benefits Administration systems
Company: JEA
Typical customers: Small, medium and large size businesses
Platforms: Desktop
Links: PENFAX pricing, PENFAX alternatives
Shlomi LaviShlomi Lavi / updated: Apr 19, 2022

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What is PENFAX?

PENFAX is a web based benefits administration solution for businesses of all sizes. It offers such capabilities as retiree administration, retirement plan management, self-service portal, and others. The software was designed and launched by James Evans and Associates Ltd headquartered in British Columbia, Canada.

Who is it best for?

Customers of the software include businesses of all sizes and a diverse range of types. It can be used in such major industries and domains as retail and wholesale, technology and IT services, media and entertainment, healthcare and hospitality, financial services, and others. California Pension Organization is among the notable clients of the software.

Main features and functionalities

The software streamlines and manages all the aspects of payments including maintenance, tracking, quoting, calculation, and production. All the funds moving in and out of the plan on the behalf of the membership are also tracked. Further, production of annual statements, actuarial extracts, and year-end calculations are expedited.

PENFAX helps in quick generation of ad hoc reports, worksheets, and easy to run batch reports. Other important capabilities of the software include support for third-party deductions, creation of tax forms and aggregate reports, customized individual benefit option forms, retiree plan management, self-service portal, and others.

What is the actual cost?

ITQlick pricing score is 6.6 out of 10 (10 is most expensive). Access ITQlick pricing guide for PENFAX. You can also find here pricing information from PENFAX's website.

How it stacks up?

Access a head to head analysis of PENFAX vs alternative software solutions.
ITQlick rating
Score
Pricing
License pricing
Functionality
Review
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PENFAX
ITQlick rating
3.3/5
Score
72/100
Pricing
6.6/10
License pricing
Pricing not available
Functionality
3
Review
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?

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

How they are rated on ITQlick?

The rating of PENFAX is 3.3 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, PENFAX 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 PENFAX 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 PENFAX and alternatives?

The most popular alternatives to PENFAX in 2024: Benelogic, Decisely, PX3000, COBRApoint, PeopleKeep. Access the complete competitors analysis here - PENFAX VS Benefits Administration Software alternatives.

List of categories

Self-Service Portal
Time management

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.