Businessolver

Benefits administration platform for HR management

West Des Moines, Iowa, United States

About Businessolver

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 utilization of benefits. The company's goal is to optimize employee benefits programs, increase satisfaction, and drive engagement through a subscription-based model that includes additional premium services.

West Des Moines, IowaHeadquarters
1998Year Founded
$63.4MTotal Funding
LATE_VCCompany Stage
Enterprise Software, AI & Machine Learning, HealthcareIndustries
1,001-5,000Employees

Benefits

Work from anywhere
PTO
Peer recognition program
Diversity & inclusion activities
Learning & development
Health & fitness classes
Mental well-being resources

Risks

High software costs may deter potential clients, impacting revenue growth.
Emerging competitors with advanced AI could challenge Businessolver's market position.
Remote work trends may require significant adjustments in service delivery models.

Differentiation

Businessolver uses AI to personalize employee benefits, enhancing engagement and satisfaction.
The company integrates human empathy with technology for a unique benefits administration approach.
Businessolver's partnership with Alpine Motorsports showcases innovative marketing and brand alignment.

Upsides

Growing focus on employee wellness boosts demand for Businessolver's solutions.
AI integration in benefits administration enhances user experience and operational efficiency.
Recognition as a top employer by Forbes attracts talent and boosts reputation.

Funding

Total raised$63.42 M
Latest valuation$326.00 M
StageLATE_VC
LATE VC
3/31/2014
$65
$326.00 M