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What is PTO Exchange?

PTO Exchange is a groundbreaking benefits platform that enables employees to transform their accumulated vacation hours into cash assets, which they can utilize for personal expenses or to support causes that resonate with them. This distinctive service provides organizations with a significant edge by addressing the varied needs of their workforce. The platform integrates smoothly with current systems, allowing employees to take control of their financial health. Unused PTO can be redirected towards critical expenses like Retirement Accounts, Student Loans, and Healthcare Costs including HSAs. Just imagine trading in some of your unspent PTO to finance your upcoming holiday—it's now possible. Moreover, employees have the option to contribute to over a million certified non-profit organizations, champion meaningful initiatives, or aid colleagues who may require assistance. This strategic model not only alleviates PTO balance sheet obligations but also bolsters talent acquisition and retention efforts. Essentially, it establishes a beneficial scenario for both HR and Finance departments, who will appreciate the advantages of enhanced PTO policies while concurrently reducing corporate liabilities. In addition, this initiative cultivates a more engaged and satisfied workforce, ultimately propelling organizational success while promoting a culture of generosity and support. By encouraging employees to be proactive with their benefits, companies can foster a more dynamic and motivated work environment.

What is Edenred Benefits?

Edenred Benefits offers flexible solutions designed to boost employee satisfaction and enhance the employer's brand, focusing on commuter benefits, lifestyle spending accounts, and reimbursement claims. Servicing over 10 million employees from 3,500 different companies, they provide cutting-edge tools such as AI-based claim approvals, a convenient mobile app, debit cards, and an online portal to simplify benefit access. Their commuter benefits program allows employees to utilize pre-tax dollars for expenses related to biking, public transit, or driving, fostering both financial savings and environmentally conscious commuting practices. Through lifestyle spending accounts, employees can tailor their wellness-related spending on items like gym memberships, meal plans, and pet services, reinforcing a holistic approach to employee health. Edenred also prioritizes security and compliance, achieving certifications such as SOC 2 Type II and PCI compliance, while meeting GDPR and other regulatory standards, thereby ensuring comprehensive support for applicable tax regulations. Moreover, their dedication to enhancing employee experience is evident in their ongoing efforts to refine benefit options informed by user insights and market developments. By staying attuned to the evolving needs of the workforce, Edenred aims to remain a leader in employee benefits.

Media

Media

Integrations Supported

ADP Workforce Now
Auth0
Okta
Paylocity
SAP Cloud Platform
Workday HCM

Integrations Supported

CommuteHub by RideAmigos
HRiFlow

API Availability

API Availability

Pricing Information

$1 per employee per month
Our flat monthly rate is based on a per-employee-per-month model

Pricing Information

Free
Free Version

Supported Platforms

SaaS

Supported Platforms

SaaS
Android
iPhone
Mac

Customer Service / Support

24 Hour Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

PTO Exchange

Date Founded

2014

Company Location

United States

Company Website

www.ptoexchange.com

Company Facts

Organization Name

Edenred Benefits

Date Founded

1985

Company Location

United States

Company Website

www.edenredbenefits.com

Categories and Features

Benefits Administration

Deduction Management
Online Benefits Enrollment

Compensation Management

Employee Reward Programs

Financial Wellness

Not specified

Leave Management

Approval Process Control
Leave Policy Management
Self Service Portal

PTO Tracking

Not specified

Categories and Features

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