Netchex and NEXT Insurance unite to transform payroll with new workers’ compensation solution

Netchex and NEXT Insurance unite to transform payroll with new workers' compensation solution

Netchex, a leader in payroll and HR software solutions, has partnered with NEXT Insurance, a pioneering force in digital insurance for small businesses.

Together, they aim to simplify workers’ compensation policy access directly within the Netchex platform.

The collaboration is designed to integrate workers’ compensation coverage seamlessly, enhancing efficiency, accuracy, and compliance in managing HR processes and insurance requirements.

Netchex offers comprehensive payroll and HR software solutions, focusing on streamlining HR processes from recruitment to retirement through their cloud-based platform. NEXT Insurance transforms the insurance landscape for small businesses by providing digital-first solutions that offer simplicity and customization in insurance coverage.

This strategic integration allows Netchex clients to easily access trusted workers’ compensation coverage necessary in most states to cover unexpected expenses from workplace injuries. NEXT’s pay-as-you-go (PAYGO) workers’ compensation solution not only fits small business needs but also improves cash flow management by allowing payments that align with actual coverage needs.

Will Boudreaux, CEO of Netchex, said, “We are thrilled to partner with NEXT to offer our clients a simple, digital solution for managing their workers’ compensation insurance. This integration reflects our commitment to providing our clients with the tools and resources they need to simplify their HR processes and ensure compliance with insurance regulations.”

Nick Mabunay, Director of Partnerships & Growth at NEXT Insurance, said, “At NEXT, we are dedicated to providing our partners with innovative, digital solutions to address shifting demands and meet customers where they are. We are excited to partner with Netchex to offer a seamless pay-as-you-go workers’ compensation integration that empowers small businesses to streamline their HR processes and instill confidence in their ability to protect employees.”

Keep up with all the latest FinTech news here.

Copyright © 2024 FinTech Global

Enjoying the stories?

Subscribe to our weekly InsurTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.