Trez
About Trez
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.
<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. </problem> <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. </solution> <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 </features> <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. </target_audience> <revenue_model> Trez uses a subscription-based pricing model, charging $49 per month plus $8 per employee per month. </revenue_model>
What does Trez do?
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.
Where is Trez located?
Trez is based in San Francisco, United States.
When was Trez founded?
Trez was founded in 2022.
How much funding has Trez raised?
Trez has raised 1500000.
- Location
- San Francisco, United States
- Founded
- 2022
- Funding
- 1500000
- Employees
- 16 employees
- Major Investors
- Techstars