Forma Store
Curated marketplace for flexible employee benefits, simplifying LSA, HSA, HRA, and FSA fund management.
Executive Summary
Forma provides a flexible benefits software platform designed to help companies offer competitive and tailored benefits packages to their employees. This platform supports various types of spending accounts, including Lifestyle Spending Accounts (LSA), Health Savings Accounts (HSA), Health Reimbursement Arrangements (HRA), and Flexible Spending Accounts (FSA). The primary goal is to reduce the administrative burden on HR and benefits teams by consolidating the management of multiple point solutions into a single, streamlined system. A core component of the platform is the Forma Store, a curated marketplace where employees can easily utilize their allocated funds for a wide array of products and services. This approach not only enhances efficiency and potentially reduces costs for businesses but also provides a more personalized and engaging benefits experience for employees. Forma also emphasizes seamless integration capabilities with over 40 HRIS and payroll systems, ensuring real-time synchronization of employee data.
Use Cases
- Offering flexible employee benefits (LSA, HSA, HRA, FSA)
- Consolidating benefits administration from multiple point solutions
- Enabling employees to spend benefit funds through a curated marketplace
- Streamlining HR and benefits team operations
- Integrating with HRIS and payroll systems for employee data management
Features
Visibility
- Tailored Benefits Programs: Tools for businesses to design and offer customized benefits packages to meet diverse employee needs.
- Benefits Administration Dashboard: Helps benefits teams offload managing point solutions and streamline benefits management.
Technical Specifications
- Architecture
- Cloud-based platform designed for flexible benefits administration and employee spending, integrating with various HRIS and payroll systems.
- Deployment
- SaaS
- Authentication
- SSO/SAML
- API Available
- Yes
Integrations
- Workday
- ADP
- UKG
- Paylocity
- BambooHR
- SAP
Security & Compliance
Certifications: SOC 2 Type 2, GDPR Compliant
Encryption: Employee data is secure, encrypted, and protected against unauthorized access.
Pricing
- Model
- Subscription-based
- Starting Price
- Contact sales
- Target Customer
- Mid-Market,Enterprise
About Forma
Forma is a life benefits platform that enables modern companies to design and scale flexible, global benefits programs. It offers customizable spending accounts such as Lifestyle Spending Accounts (LSA), Health Spending Accounts (HSA), Flexible Spending Accounts (FSA), and Health Reimbursement Arrangements (HRA) to provide employees with choice and flexibility in their benefits.