Several years ago, the founders of Rippling realized that startups frequently—and unnecessarily—crumble under the weight of administrative processes. In particular, companies need to update employee information dozens of times across different systems each time someone is hired, their employment agreement changes, or they simply need access to a new app. These updates generally happen manually, which requires an excessive amount of time and can take away from other important processes. To address this issue, Rippling created the first system-of-record for employee data. This makes it possible to manage payroll, benefits, cloud apps, devices, and more from a single system. Since its inception, Rippling has grown quickly to employ over 250 people and serve thousands of customers. Recently, the company closed Series B funding that raised a total of $145 million, which speaks to the need for and utility of such a company, especially in a world that has virtually overnight become full of remote workers. More than ever before, the ability to coordinate different processes is extremely important, as is easily configuring access for workers who may be hundreds or thousands of miles away from the office. As the company continues to expand its services, it is focusing on the unique needs of its existing customers, as well as meeting the needs of new potential clients. Rippling Is Expanding Its Capabilities with BrexRippling is dedicated to expanding its services to meet the changing needs of its customers and other customers across the country. Recently, Rippling partnered with Brex to make corporate charge card administration as painless as possible. Built on the MasterCard network, Brex provides corporate account to startups with a range of benefits, including high limits, great rewords, and no personal guarantee requirements. Brex integrates fully with Rippling to allow startups to issue corporate cards to employees automatically during the onboarding process. The Rippling dashboard makes it simple to manage corporate cards and see who exactly has access to what. Companies can define criteria to predefine which hires get corporate cards and what spending limits each card has set. All transactions made on the Brex account get categorized automatically on the Rippling dashboard so that executives can see exactly where money is being spent and by whom. Card policy management also extends to transfers, title changes, and other employee status shifts. In other words, the limits on the card can be set to adjust automatically when individuals get a promotion or move to a new department. The partnership makes it painless to issue corporate cards as part of onboarding and then automatically change access as positions change. Furthermore, executives can easily track card use. Rippling Addresses the Needs of Insurance Brokers As Rippling expands, the company is also broadening its services to appeal to audiences beyond startup executives and human resources professionals. Recently, Rippling addressed the needs of insurance brokers by automating the quote process. Brokers often spend a great deal of time getting custom quotes for each of their groups and then dealing with the resulting paperwork. "The view of Rippling is that you want to do much more than just all-in-one HR. You want a system that cuts across every functional area of the entire company. So that employees get set up and managed everywhere." The time-consuming nature of this task cuts into margins, especially when dealing with small-group insurance. Moreover, brokers may lose business to digital brokerages that automate the process and thus have lower overhead. Rippling makes it possible for brokers to make quotes instantly and compare insurance plants with rates and other charges built in, which will save a considerable amount of time. Furthermore, Rippling has emerged as the first company to provide brokers with ready-to-send files of group-level applications and other documentation required by insurance carriers. This feature allows brokers to manage the new group application online from start to finish, which has never before been possible. Brokers can use Rippling to become more competitive in the small-group market while keeping operational costs low. Furthermore, the Rippling product allows these individuals to dedicate more time to speaking directly with clients and advising them, which will ultimately drive customer satisfaction. Rippling believes that technology can level the playing field by eliminating administrative tasks and allowing people to focus on key issues and this newest extension of services only affirms this dedication. Rippling Has Exciting Potential for Growth Rippling is on the path to expand its services and will continue to expand its offerings with new Series B funding. The company's rapid growth was recently acknowledged by both Forbes and Fast Company. Forbes placed Rippling on its list of the fastest-growing startups, which includes the 25 startups most likely to reach $1 billion in valuation. The magazine featured Parker Conrad, the Rippling CEO, in an article that ran in its sixth annual Next Billion-Dollar Startups issue. Forbes placed Rippling on its list of the fastest-growing startups, which includes the 25 startups most likely to reach $1 billion in valuation. The magazine featured Parker Conrad, the Rippling CEO, in an article that ran in its sixth annual Next Billion-Dollar Startups issue.
Comments are closed.
|
|