TriNet Addresses the Evolving Needs of SMBs and Announces New Products and Partners Including Additional Solutions for Global Workforces and a Curated Marketplace

Rhea-AI Summary

TriNet (NYSE: TNET), a leading human resources solutions provider for small and medium-sized businesses (SMBs), unveiled new product enhancements and partnerships at the SHRM Annual Conference in Chicago on June 25, 2024.

The updates include a curated marketplace offering preferred pricing and prebuilt integrations for HR, finance, and talent acquisition solutions. Partnerships with global employment platforms Oyster and Multiplier aim to streamline international workforce management. A new mobile app feature will enable payroll approval on the go, and an integration with Clair allows employees early wage access.

These enhancements reflect TriNet's commitment to providing agile solutions for SMBs, supporting their growth and operational efficiency.

Positive

• Curated marketplace with preferred pricing on solutions.
• Partnerships with Oyster and Multiplier for global workforce management.
• Mobile app allows on-the-go payroll run approval.
• Clair integration offers early wage access, improving employee retention and financial wellness.

Negative

• None.

Updates Announced at the SHRM 2024 Annual Conference

CHICAGO, June 25, 2024 /PRNewswire/ -- TriNet (NYSE: TNET), a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs), announced a series of new product enhancements, capabilities and strategic partners designed to meet the needs of its customers in today's ever-evolving business environment. These announcements were made today in Chicago at the Society for Human Resource Management (SHRM) Annual Conference and Expo 2024.

"SMBs rely on solutions that allow them to adapt and remain agile without sacrificing the time and energy they should be investing in growing their businesses," said TriNet Chief Product Officer, Lisa Reeves. "TriNet's product updates, which include additional integrated partners for managing a global workforce, on-the-go payroll through our mobile app, and access to a curated marketplace of business solutions, empower our customers to execute with convenience and speed while also assembling talent from around the world."

TriNet's announced marketplace and product enhancements include the following:

Marketplace: Through TriNet's thoughtfully curated network of solutions for SMBs, customers can confidently and conveniently find solutions to their ever-changing needs.

This update will provide:

• A reputable network of solutions for confident decision-making, in a convenient online platform. Easily sort from a range of categories: HR, finance, talent acquisition, recruiting, global workforce, expense, security and more.
  
  
• Preferred pricing on a number of solutions that translates into potential cost savings for its customers.
  
  
• Prebuilt integrations that connect and sync data across select applications for greater security, accuracy and efficiency. Additionally, its customers can conveniently access single sign-on to select integrated apps.

Global Workforce: TriNet is partnering with leading global employment platforms Oyster (now live) and Multiplier (coming soon) to support the international growth of its customers. The collaboration will include prebuilt integrations allowing customers to visualize and track their full workforce, US and international, from TriNet's PEO platform and with global employment platform partners, provide the ability to:

• Onboard and pay global workers quickly.
  
  
• Navigate international employment-related rules and requirements.
  
  
• Access local employee benefits to attract top talent.

Mobile app, payroll run approval: New mobile app feature will allow administrators to review and approve payroll runs while on the go. Administrators will be able to efficiently manage the time-sensitive nature of payroll processing with a few quick taps. This new app feature will be available on TriNet PEO.  

Earned Wage Access: Delivered through an integration with digital banking app Clair, SMBs can now offer their employees early access to earned wages and other financial wellness services at no additional cost to the business or the employees. This offering can help businesses improve retention, increase productivity, and support their employees' financial well-being. Available now with payroll on TriNet's HR Platform.

TriNet's latest series of enhancements reinforces its ongoing commitment to the growth and success of SMBs – with innovation that is proactive and personalized to the unique needs of SMBs and their employees. Some enhancements announced are available now, while others will be rolled out during the second half of 2024.

About TriNet 
TriNet (NYSE: TNET) provides small and medium-size businesses (SMBs) with full-service industry-specific HR solutions, providing both professional employer organization (PEO) and human resources information system (HRIS) services. TriNet offers access to human capital expertise, benefits, risk mitigation, compliance, payroll, and R&D tax credit services, all enabled by industry-leading technology. TriNet's suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, benefits, employee engagement, payroll and time & attendance. Rooted in more than 30 years of supporting entrepreneurs and adapting to the ever-changing modern workplace, TriNet empowers SMBs to focus on what matters most—growing their business and enabling their people. For more information, visit TriNet.com or follow us on Facebook, LinkedIn and Instagram.  

TriNet and the TriNet logo are registered trademarks of TriNet. All other trademarks, service marks, registered trademarks, or registered service marks are the property of their respective owners.

Investors:	Media:
Alex Bauer	Renee Brotherton/Josh Gross
TriNet	TriNet
Alex.Bauer@TriNet.com	Renee.Brotherton@TriNet.com
	Josh.Gross@TriNet.com

 

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SOURCE TriNet

FAQ

What new products did TriNet announce at the SHRM 2024 Annual Conference?

TriNet announced a curated marketplace with preferred pricing, partnerships with global employment platforms Oyster and Multiplier, a mobile app for payroll approval, and early wage access integration with Clair.

How will TriNet's new marketplace benefit SMBs?

TriNet's new marketplace offers preferred pricing, prebuilt integrations, and a wide range of HR, finance, and talent acquisition solutions, providing SMBs with efficient and cost-effective resources.

What features does TriNet's mobile app offer for payroll management?

TriNet's mobile app allows administrators to review and approve payroll runs on the go, ensuring efficient management of time-sensitive payroll processing.

How does the partnership with Oyster and Multiplier support TriNet's customers?

The partnership with Oyster and Multiplier provides prebuilt integrations to manage global workforces, including onboarding, payroll, and navigating international employment-related rules.

What is the benefit of integrating Clair with TriNet's HR platform?

The integration with Clair offers early wage access and financial wellness services at no additional cost, helping businesses improve employee retention and productivity.