What is TriNet and how does it work?
TriNet's comprehensive HR platform integration with Abacum enables finance teams to seamlessly incorporate workforce data into their financial planning, creating a unified view of human capital costs and strategic workforce planning.
Benefits of Integrating TriNet with Abacum
• Sync employee headcount, compensation, and benefits data directly from TriNet into Abacum's FP&A platform, eliminating manual HR data exports and reducing errors in workforce planning
• Automate headcount planning with real-time employee data, including new hires, terminations, and organizational changes flowing automatically into financial forecasts and scenario models
• Connect payroll actuals with budget variances by integrating TriNet's processed payroll data with Abacum's variance analysis, enabling instant identification of compensation discrepancies
• Streamline benefits cost forecasting using actual benefits enrollment and costs from TriNet to create more accurate projections for healthcare, retirement, and other employee benefit expenses
• Enable department-level P&L analysis by automatically allocating HR costs from TriNet based on employee departments, cost centers, or custom dimensions within Abacum
• Accelerate month-end close with automated journal entries for payroll, benefits, and payroll taxes flowing from TriNet into Abacum's reporting workflows
• Improve workforce analytics by combining TriNet's HR metrics with Abacum's financial data to analyze revenue per employee, cost per hire, and other critical efficiency ratios
• Support multi-entity consolidation for companies using TriNet across different subsidiaries, with automatic mapping and consolidation of workforce costs in Abacum's multi-entity environment