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NEXT Insurance & Gusto expand partnership to streamline payroll experience

By Delisha Fernandes

June 08, 2023

  • banking partnership
  • Customer Data
  • Fintech news

Next InsuranceNEXT Insurance, a digital InsurTech provider for small businesses, announced its expanded partnership with Gusto Embedded.

The strengthened collaboration will exclusively offer NEXT’s pay-as-you-go workers’ compensation to the small business customers of Gusto Embedded partners through NEXT’s fully embedded insurance solution, NEXT Connect.

Users can benefit from NEXT’s technologically advanced, in-house pay-as-you-go employee compensation offering. It enables better cash flow management for small businesses and ensures they only pay for the necessary coverage.

“NEXT and Gusto Embedded unite under the shared goal of supporting small businesses across the US with the tools they need to simplify two of the most complex functions they’ll face at work: insurance and payroll,” said Eran Liron, Chief Strategy Officer at NEXT Insurance. “Offering this digital embedded payroll experience with Gusto allows us to streamline this process, making it easier and more convenient for small business owners to stay compliant and protect themselves, all from the partners they trust most.”

With NEXT Connect, signing up for workers’ compensation can seamlessly integrate into third-party software during payroll onboarding or elsewhere in the user interface. This enables more contextual offers for payroll and workers’ compensation based on customer data or activity, including in-app notifications about the following steps to be taken once you hire your first employee.

“Allowing small businesses to access reliable payroll and pay-as-you-go workers’ comp products embedded in their software solutions saves them time, reduces errors, and gives them peace of mind,” said Yi Liu, General Manager of Gusto Embedded. “The expanded solution with NEXT allows our partners to offer small businesses workers’ compensation seamlessly and quickly while advancing our goal of helping businesses create great places to work and helping our partners grow revenue.”

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