TriNet's expertise enables ventures firm to focus on core business

VIMAC Ventures is a Boston-based venture investment management firm, specializing in deploying capital to early-stage technology and biotech companies located in the eastern U.S. and Canada.

Like many of the early-stage companies they work with, VIMAC found itself in a situation where human resources and employee-related responsibilities were being handled by executive level staff.

"We have a Chief Operating Officer, but we wanted him to use his time more strategically — not deal with payroll or these other functions that can be highly standardized," commented Praveen Sahay, Principal with VIMAC Ventures.

By partnering with TriNet, VIMAC is able to redeploy their people on more strategic initiatives. They gain access to a comprehensive human resources department that assumes responsibility for payroll and tax reporting, benefits administration, HR management and consulting, as well as other HR-related administrative duties.

Trusted Expertise Regarding Complicated Regulations
VIMAC found, like many small companies do, that navigating through the complicated issues of employee-related regulations and government compliance is a daunting proposition. Often, small and medium-sized companies have limited time and resources to dedicate to these complicated, but necessary tasks.

"It just makes sense to outsource these standard functions to an organization like TriNet. We know we are talking to an expert organization, and we are getting due care and process. We trust the services you provide, especially around compliance," explained Mr. Sahay. "We want to entrust HR issues such as HIPAA and EEO to professionals. They have the knowledge to take care of these issues on our behalf, allowing our people to focus on taking care of our portfolio companies."

TriNet proactively works with customers to minimize exposure to employee-related liability and risk, and also ensures compliance with governmental rules associated with ADA, EEO, FMLA, HIPAA, COBRA, and other regulations.

Quality Customer Service, When You Need It
Working in a high touch, hands on industry like managing portfolio companies, receiving high quality service from vendor partners is essential for VIMAC. "Quality of service is important," said Sahay. "TriNet's online system is easy to use, it's always available, and there is always someone to answer questions."

Teaming with TriNet has provided VIMAC access to a Total HR services portfolio ranging from employee-directed services available online via HR Passport, to immediate access of an array of HR management and HR consulting services.

"TriNet has been very good; the people are good as well as the platform."