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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 Forma?

Empower your workforce by providing them with the opportunity to choose benefits that genuinely resonate with their needs. With an intuitive platform that employees love, the burdensome tasks are managed efficiently, offering ease without incurring extra costs. Deliver customized, top-notch benefits that align with the fundamental principles of your organization. This comprehensive platform serves both pre-tax and post-tax spending accounts, while also keeping you updated on budget management, usage metrics, and claims handling. Historically, numerous well-intentioned businesses have complicated their benefits packages, leading to confusion and a lack of appreciation among staff; however, Forma has developed an exceptional alternative. Elevate your benefits offerings to be as attractive as possible, all while optimizing your financial resources. Bid farewell to the hassle of juggling multiple vendors and the extensive time investment it requires. Experience unmatched flexibility, empowering employees to select benefits that personally resonate with them. Cultivate customer loyalty while remaining responsive to shifting best practices. Forma is committed to creating customizable, inclusive, and globally relevant benefits programs tailored to meet the varied requirements of every employee, ultimately transforming the workplace into a more engaging and supportive space. By prioritizing employee choice and satisfaction, organizations can foster a culture of well-being and productivity.

Media

Media

Integrations Supported

ADP Workforce Now
Auth0
Okta
Paylocity
SAP Cloud Platform
Workday HCM

Integrations Supported

ADP Workforce Now
Auth0
Okta
Paylocity
SAP Cloud Platform
Workday HCM

API Availability

Has API

API Availability

Has API

Pricing Information

$1 per employee per month
Free Trial Offered?
Free Version

Pricing Information

Free
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

PTO Exchange

Date Founded

2014

Company Location

United States

Company Website

www.ptoexchange.com

Company Facts

Organization Name

Forma

Company Location

United States

Company Website

www.joinforma.com

Categories and Features

Benefits Administration

COBRA Administration
Claims Management
Deduction Management
Disability Insurance Administration
Employee Benefits Administration
FMLA Administration
FSA Administration
Flexible Spending Accounts
For Brokers
For Employers
HIPAA Compliant
Health Insurance Administration
Life Insurance Administration
Online Benefits Enrollment
Premium Billing
Provider Management
Retiree Administration
Retirement Plan Management

Compensation Management

Bonus Management
Compensation Assessment
Compensation Calculation
Compensation Plan Modeling
Compensation Statements
Employee Reward Programs
Incentive Programs
Organizational Charting
Salary Planning

Leave Management

Approval Process Control
Calendar Management
Employee Scheduling
FMLA Tracking
Leave & Absence Reporting
Leave Policy Management
Self Service Portal

Categories and Features

Benefits Administration

COBRA Administration
Claims Management
Deduction Management
Disability Insurance Administration
Employee Benefits Administration
FMLA Administration
FSA Administration
Flexible Spending Accounts
For Brokers
For Employers
HIPAA Compliant
Health Insurance Administration
Life Insurance Administration
Online Benefits Enrollment
Premium Billing
Provider Management
Retiree Administration
Retirement Plan Management

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