This startup provides technology-driven employee benefits services, including case formation and consultation for health and life insurance. By offering tailored marketing materials, it enables employees to better understand and engage with their benefits packages, enhancing overall employee satisfaction and retention.
Funding
$300K 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 organizations struggle to effectively manage and communicate employee benefits, leading to low engagement and poor understanding among employees. Traditional benefits administration often involves complex processes and fragmented communication channels, making it difficult for HR teams to streamline operations and ensure employees maximize their benefits.
Solution
Velocity Benefits offers technology-driven employee benefits administration and communication solutions designed to simplify and enhance the benefits experience for both employers and employees. The company's core platforms, Fusion and Employee Navigator, provide a centralized hub for benefits management, offering advanced automation, real-time data insights, and an intuitive user interface. Velocity Benefits also delivers multi-channel communication strategies, including text messaging, voicemail drops, custom videos, and digital postcards, to ensure employees receive personalized and timely benefits information. Additionally, the company provides educational resources and telephonic benefits counseling to guide employees in making informed decisions throughout their benefits journey.
Target Audience
Velocity Benefits primarily serves organizations and HR teams seeking to streamline benefits administration, improve employee engagement, and enhance overall benefits understanding.
Features
- **Fusion:** A benefits administration platform featuring real-time data insights, customizable messaging and branding, EDI file feeds, and API connectivity.
- **Employee Navigator:** A benefits management platform offering eligibility and enrollment support, payroll integration, data exchange integrations, and unlimited access.
- **Multi-Channel Communication:** Utilizes text messaging, voicemail drops, custom videos, QR codes, and digital postcards to engage employees.
- **Custom-Built Apps:** Offers personalized apps tailored to an organization's branding and benefits needs, providing centralized benefits information and integrated enrollment tools.
- **Telephonic Benefits Counseling:** Provides licensed benefits counselors who guide employees through their benefits options and answer questions.
- **Rapid Case Building:** Promises to have cases built and delivered within 7 business days.