Trez provides a payroll and benefits management platform designed for small businesses, offering features such as payroll processing, tax compliance, and employee benefits management. By automating these functions, Trez helps businesses save up to 83% of payroll processing time and achieve a 172% return on investment.
Funding
$1.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small businesses, particularly those owned by Hispanic entrepreneurs in the United States, face challenges in navigating the complexities of payroll, tax compliance, and employee benefits. Existing payroll solutions often lack the cultural relevance and tailored support needed by this demographic, leading to inefficiencies and potential compliance issues.
Solution
Trez is a payroll and benefits management platform designed to address the specific needs of small businesses, with a focus on Hispanic-owned enterprises. The platform automates payroll processing, tax filings, and compliance, while also offering employee benefits management tools. Trez aims to provide culturally relevant support and resources, including video call assistance, benefits administration, and access to microloans, all within a single platform. By offering affordable and accessible payroll solutions, Trez empowers small businesses to streamline their operations, save time, and focus on growth.
Target Audience
Trez primarily targets Hispanic-owned small businesses in the United States, particularly those in industries such as construction, transportation, services, and restaurants, as well as any small business with a significant Hispanic workforce.
Features
- Automated payroll processing with direct deposit and paycard options
- Federal, state, and local tax calculation, filing, and compliance management
- Employee benefits administration, including retirement plans, worker's compensation, healthcare, and telemedicine
- Integration with third-party partners for 401k and health insurance benefits
- Microloan access to cover payroll gaps and support employee financial well-being
- Real-time video call support for immediate assistance with payroll and compliance questions
- Culturally relevant messaging and resources tailored to the Hispanic business community
- Mobile app for employees to access pay stubs, benefits information, and other payroll-related documents
- Comprehensive reporting and analytics to track payroll expenses and identify cost-saving opportunities