What is TriNet and how does it work?
TriNet is a professional employer organization (PEO) providing comprehensive HR solutions for small and medium-sized businesses. The cloud-based platform combines HR outsourcing, payroll processing, benefits administration, and compliance support into one integrated system, helping businesses manage their workforce while focusing on growth.
Benefits of Integrating TriNet with Abacum
The TriNet-Abacum integration bridges the gap between HR data and financial planning, enabling finance teams to incorporate real-time workforce metrics into their FP&A processes.
• Automate headcount planning and forecasting by syncing employee data, compensation details, and benefits costs directly into Abacum's planning models
• Eliminate manual payroll data transfers with automated synchronization of actual payroll expenses, reducing errors and saving hours of reconciliation time
• Build accurate workforce budgets using real-time salary, benefits, and tax data from TriNet's comprehensive HR database
• Track personnel costs by department with automatic allocation of compensation expenses across cost centers and business units
• Forecast hiring impact on cash flow by connecting recruitment pipelines with financial models to predict future personnel expenses
• Generate unified HR and finance reports combining workforce analytics with financial performance metrics for strategic decision-making
• Ensure compliance across jurisdictions with TriNet's multi-state payroll expertise feeding accurate tax and benefit costs into financial plans
• Model scenario planning for workforce changes using actual compensation benchmarks and benefits costs from TriNet's extensive SMB database
