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Flock Raises $2 Million and Launches HR, Benefits & Compliance Technology Platform

Jul 21, 2015

PR Newswire

, July 16, 2015 /PRNewswire/ -- Flock today announces $2 million in funding and officially introduces its unique technology platform that enables small to mid-sized businesses (SMBs) and their employees to quickly simplify and modernize HR processes.  Flock addresses SMBs' need for easy-to-use solutions to hire and onboard employees and manage HR compliance. Additionally, Flock provides businesses and employees the tools to manage benefits online without disrupting the personalized and highly specialized services in place from existing insurance brokers.  Flock's funding was provided directly from insurance brokers and angel investors.

Flock is endorsed by trusted healthcare advisors whose valued relationships with SMBs stand to be compromised or circumvented by emerging HR platforms and high-tech insurance brokers. These strategic partnerships have given Flock access to a subscriber base of over 100,000 individuals, during its pre-launch and private beta stages.

For small businesses, thousands of HR and benefits-related transactions are required annually - everything from open enrollment processing - to a simple change of address - to nominal or significant life events.  The Flock platform, which can be set-up in just minutes, removes processing inefficiencies, eliminates standalone systems and allows businesses to better manage the employee lifecycle. Flock was built from the ground up as a full-fledged HR & benefits solution with involvement and investment from benefit brokers and general agents, whom HR and SMBs trust to navigate the complicated world of healthcare insurance, administration and compliance.

"Employee engagement has never been more important to small businesses, which are poised to benefit from modern, mobile first, high-touch, yet simple technology," said Raj Singh, CEO of Flock. "Flock is a unified platform that provides a paperless and automated system for the painful, but very important administrative tasks required to onboard and continuously manage employees.  Flock limits risks and liability resulting from ever-changing health care legislation; we make it easier for HR and brokers/agents alike to be the strategic drivers and champions for their HR and business counterparts."

"We are proud to be a Flock Broker-Partner," said Mike Heffernan, CEO of Heffernan Insurance Brokers. "Our customers like the personalized service, insight and cost savings Heffernan provides them as a leading Insurance Broker, but also want a suite of HR, Benefits and Compliance technology for convenient online access. We've reviewed other software solutions from about a dozen providers and selected Flock's products as the best fit for our small to midsized customers' needs. We believe that the combination of Heffernan Insurance Brokers and Flock provides the perfect combination of technology and service that our customers demand."

"Flock's all-encompassing HR, Benefits, & Compliance platform is a very useful tool for H2Optx Inc. as we grow our team from 5 to 20 employees to support exploding customer demand," said Rudy Hofmeister, Ph.D, Chief Executive Officer and founder of H2Optx Inc. "Its easy integration with our current outsourced insurance allows us to use the online technology features of Flock's products without disrupting the excellent customer service we get from our insurance broker today."



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