What is Zenefits and how does it work?

Zenefits (now TriNet HR Plus) is a cloud-based human resources platform that streamlines HR operations for small and medium-sized businesses. Originally an independent SaaS company, Zenefits was acquired by TriNet in February 2022, combining its modern HR technology with TriNet's extensive HR expertise.

The platform provides comprehensive tools for managing payroll, benefits, compliance, and employee data through an intuitive, mobile-friendly interface designed to make complex HR processes accessible to businesses without dedicated HR departments.

Benefits of Integrating Zenefits with Abacum

• Automate headcount planning and forecasting by syncing real-time employee data, compensation details, and organizational structure directly into Abacum's FP&A platform

• Streamline personnel cost analysis with automatic updates of salary changes, benefits costs, and payroll expenses flowing seamlessly into financial models

• Enable accurate departmental budgeting through synchronized cost center allocations and team-level expense tracking across both platforms

• Accelerate month-end reporting by eliminating manual data entry between HR and finance systems, reducing errors and saving hours of reconciliation time

• Improve workforce analytics by combining HR metrics like turnover rates and hiring velocity with financial performance data for strategic decision-making

• Enhance scenario planning capabilities with real-time modeling of hiring plans, compensation adjustments, and organizational changes on overall financial projections