Businessolver

Businessolver

Benefits administration platform for HR management

About

Businessolver provides technology solutions for managing employee benefits, focusing on improving the healthcare experience for employees. Their main product is a benefits administration platform that automates tasks like enrollment, communication, billing, and reporting, making it easier for HR teams to manage benefits. This platform combines artificial intelligence with human expertise to ensure efficiency and empathy in service. Businessolver stands out from competitors by offering a personalized benefits journey for each employee, using data to enhance understanding and engagement with benefits. The company's goal is to help organizations optimize their employee benefits programs, ultimately increasing employee satisfaction and utilization of benefits.

Company Stage

Late Stage VC

Employees

1,001-5,000

Industries

Enterprise Software, AI & Machine Learning, Healthcare

Total Funding

$63.4M

Headquarters

West Des Moines, Iowa

Founded

1998


Simplify Jobs

Simplify's Take

What believers are saying

  • Growing demand for personalized benefits solutions aligns with Businessolver's offerings.
  • AI integration in benefits administration is a key market differentiator.
  • Remote work trends increase demand for flexible benefits solutions, benefiting Businessolver.

What critics are saying

  • High software acquisition costs may deter potential clients.
  • Emerging competitors with advanced AI capabilities pose a market challenge.
  • Tax implications of remote work complicate benefits administration for clients.

What makes Businessolver unique

  • Businessolver integrates AI and human empathy for personalized benefits administration.
  • The platform offers comprehensive solutions including enrollment, billing, and analytics.
  • Businessolver's unique partnership with Alpine Motorsports enhances brand visibility.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

3%

2 year growth

5%

Benefits

Work from anywhere

PTO

Peer recognition program

Diversity & inclusion activities

Learning & development

Health & fitness classes

Mental well-being resources

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