Self Bill Pro
Overview
Self Bill Pro is a company specializing in providing automated self-billing solutions for employee benefits. Founded in 2023 by Josh Winigrad, the company is based in Clermont, Florida, with a secondary location in Ambler, Pennsylvania. The startup has raised a total of $1.05 million in a seed funding round as of April 2024. Self Bill Pro's services are primarily targeted at HR departments to simplify the billing process, ensuring accuracy and compliance with carrier requirements.
Recent Developments
- August 2024: Self Bill Pro enhanced its services to include SOC 2 Type I, SOC 2 Type II, and HIPAA compliance, reinforcing its commitment to data security and transparency. This move was part of a broader strategy to attract larger enterprise clients by ensuring robust data protection standards.
- May 2024: The company closed a seed funding round, securing $1.05 million, which it aims to use for expanding its technology platform and service capabilities.
- April 2024: Self Bill Pro introduced new integration capabilities with various HRIS platforms, allowing for more seamless data exchange and billing processes.
- December 2023: The company expanded its operations from Clermont to include a new office in Ambler, Pennsylvania, to better serve clients in the Northeastern United States.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2023 |
| Headquarters | Clermont, Florida |
| Founders | Josh Winigrad |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | Privately Held |
| Industry | Insurance and Employee Benefit Funds |
| Number of Employees | 4 |
Early History
Self Bill Pro's journey began in 2023 with its inception by founder Josh Winigrad. The company set out to address the complex needs of HR departments struggling with the traditional billing methods for employee benefits. By utilizing a combination of industry knowledge and data analytics, Self Bill Pro developed a platform that allows employers to generate their self-bills accurately without manual intervention. This innovation was designed to address the frequent changes in employee enrollments that complicated accurate billing.
Company Profile and Achievements
Self Bill Pro operates by leveraging a novel approach to the self-billing process, focusing on real-time enrollment data collection and analysis. This ensures that HR departments receive fully accurate billing statements without the manual work typically required.
- 2023: The company was founded and quickly made strides by securing initial partnerships with local businesses to beta test its platform.
- 2024: With the successful seed funding, Self Bill Pro launched its self-billing solution across multiple industries, adding services tailored for complex employee benefit plans.
- Compliance: SOC 2 and HIPAA compliance achievements marked a significant milestone, enhancing the trust and credibility of the company among potential clients.
- Customer Reach: In less than two years, it has attracted a diverse clientele, testament to its solution's effectiveness in streamlining billing operations.
Current Operations and Market Position
Currently, Self Bill Pro is focused on expanding its market presence by enhancing its software platform to better cater to the dynamic needs of large enterprises. The company is actively pursuing partnerships with other technology providers to further enhance its integration capabilities. It holds a competitive position in the HR tech sector by providing an innovative solution that reduces administrative overhead, improves billing accuracy, and supports compliance needs, which are significant competitive advantages.
Conclusion
Self Bill Pro is positioned as a significant player in transforming the employee benefits billing landscape through automation and advanced data analytics. Despite being a relatively new entrant, its progress in securing funding and achieving compliance certifications underscores its potential for growth. Moving forward, Self Bill Pro aims to expand its client base and develop additional features that further streamline billing operations for enterprises globally.