July 2025 Summaries

Pinnacle Plan Design, a third-party administrator specializing in retirement plans, has significantly improved its data collection process for IRS and DOL reporting requirements by integrating with Finch, a payroll integration service. Previously, Pinnacle faced challenges collecting payroll and census data from plan sponsors, as the process was cumbersome and prone to error, requiring sponsors to download, format, and upload data to the PensionPro system. With Finch, data is automatically pulled and formatted, reducing collection time by 43% and increasing client satisfaction. This seamless integration allows Pinnacle to focus more on consulting and compliance while assuring the quality of the data. The partnership with Finch not only benefits Pinnacle but also enhances the experience for sponsors, making data submission more efficient and fostering a collaborative relationship. As a result, Pinnacle plans to expand the use of Finch to onboard more sponsors, emphasizing the importance of efficient tools in maintaining strong client relationships and ensuring engagement throughout the retirement planning process.

PerkUp, a global swag management platform, leverages Finch's integration capabilities to streamline access to HRIS data, enabling time-saving automation for employee and client engagement. By using Finch, PerkUp swiftly integrated HRIS systems, saving over 100 hours of engineering time and reducing support costs while enhancing customer relationships and expanding their target market. The platform facilitates automated workflows for corporate swag management, allowing businesses to easily order and send gifts for events, onboarding, and milestones. Finch's seamless data syncing provides continuous access to up-to-date employee information, supporting automated processes like work anniversary and birthday celebrations. This integration minimizes the administrative burden on PerkUp's clients, embedding the platform more deeply into their operations and generating additional revenue. Finch's extensive HRIS compatibility also allows PerkUp to cater to innovative employers and expand its market reach, making the product more attractive to prospective customers.

DualEntry is an AI-native ERP system designed for mid-market companies, emphasizing automation and speed to alleviate the challenges posed by legacy ERP platforms that often lead to inefficiencies due to manual data entry and disconnected systems. Founded by Santiago Nestares and Benedit Dohmen, who experienced these challenges firsthand, DualEntry integrates with various financial tools to automate transactions and improve data granularity, especially in payroll, which is often mishandled in older systems. The company partnered with Finch for their comprehensive payroll integration capabilities, allowing DualEntry to provide a unified and detailed data flow, which has resulted in significant cost savings and faster revenue recognition. This integration not only enhances user experience by supporting a wide array of payroll providers but also positions DualEntry as a forward-looking ERP solution that leverages real-time data connectivity for smarter financial reporting and decision-making.

The One Big Beautiful Bill Act (OBBBA) recently passed by Congress introduces significant changes to employment policies, taxes, and health insurance, offering expanded tax credits and employer-sponsored benefits that could substantially reduce the tax burden for businesses. Key provisions include increased access to Health Savings Accounts (HSAs) and higher caps on pre-tax deductions, alongside expanded research and development (R&D) tax expensing and broader eligibility for FICA credits. The legislation also enhances tax incentives for employer-sponsored childcare, family leave, and educational assistance, creating new opportunities for tax credit and benefits platforms to assist employers in navigating these changes. To capitalize on these opportunities, platforms are encouraged to focus on improving user experience, automating operations, and ensuring robust data security. The OBBBA's enactment positions fintech and benefit providers to support businesses in leveraging these benefits effectively, thus attracting and retaining talent while optimizing tax savings.