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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 OnTrackplus?

When the expiration date is respected, tickets can be redeemed for future travel value; however, neglecting this can lead to clients losing their ticket worth, which brings considerable financial consequences for both the travel management company (TMC) and its customers. To tackle this challenge, Magnatech developed OnTrackplus, a software solution aimed at improving operational efficiency and reducing the financial risks associated with unused airline tickets. This cutting-edge, web-based system continuously tracks, updates, and produces reports on tickets that remain unutilized, facilitating easy organization by individual travelers or corporate accounts. The traditional approach to tracking these unused tickets and evaluating their value can be quite tedious and time-consuming. For TMCs managing a large portfolio of corporate clients, OnTrackplus presents an effective method to reduce manual workload while also unlocking new revenue possibilities, thereby proving to be an essential tool in the travel management sector. Moreover, this software not only streamlines processes but also enhances TMCs' ability to keep clients happy by ensuring optimal ticket usage, ultimately contributing to improved business relationships. By leveraging such technology, TMCs can focus on providing superior service to their clients while also maximizing their operational efficiency.

Media

Media

Integrations Supported

ADP Workforce Now
Auth0
Okta
Paylocity
SAP Cloud Platform
Workday HCM

Integrations Supported

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

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

24 Hour Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Not specified

Company Facts

Organization Name

PTO Exchange

Date Founded

2014

Company Location

United States

Company Website

www.ptoexchange.com

Company Facts

Organization Name

MagnaTech

Date Founded

1989

Company Location

Canada

Company Website

www.magnatech.com/site/unused-ticket-tracking/

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

Travel Agency

Not specified

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