Clasp

Clasp is a startup that specializes in providing a comprehensive suite of employee benefits solutions. The company primarily serves businesses looking to enhance their employee benefits offerings. Clasp operates in the employee benefits market, which includes services like health insurance, retirement plans, and other perks that companies offer to their employees.

The business model of Clasp revolves around integrating its benefits solutions with existing Human Resource Information Systems (HRIS) and payroll systems. This integration ensures that processes such as open enrollment, new hire elections, and updates for qualified life events are automatically synced, making it easier for businesses to manage their employee benefits.

Clasp makes money by offering its benefits solutions to businesses, which in turn provide these benefits to their employees. By partnering with Clasp, businesses can offer a more attractive benefits package, which can help in retaining and attracting talent. Additionally, Clasp's solutions are designed to increase the platform attach rate, meaning that businesses are more likely to stick with Clasp's services once they start using them.

In summary, Clasp is a company that helps businesses offer a wide range of employee benefits through seamless integration with HR and payroll systems. This not only simplifies the management of these benefits but also enhances the overall value proposition for the businesses' employees.

Keywords: Employee Benefits, HRIS Integration, Payroll Sync, Open Enrollment, New Hire Elections, Qualified Life Events, Business Retention, Talent Attraction, Comprehensive Solutions, Platform Attach Rate.