STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

Benepass Named a Strategic Workday Wellness Partner to Streamline and Improve Modern Wellbeing Benefits

Rhea-AI Impact
(No impact)
Rhea-AI Sentiment
(Very Positive)
Tags

Workday (NASDAQ: WDAY) has announced a strategic partnership with Benepass, making the spending accounts administrator a Workday Wellness partner for financial benefits. The integration will be powered by Benepass Connect, enabling real-time connectivity and automation for various spending accounts including lifestyle, wellness, tuition reimbursement, commuter, FSA, and HSA.

Benepass currently supports over 400,000 users across 80+ countries, managing $500 million in employee benefits. The partnership aims to streamline benefits administration, provide real-time insights, and enhance employee engagement through Workday's AI-powered wellness solution.

Loading...
Loading translation...

Positive

  • Strategic integration with Workday's AI-powered wellness solution enhances product offering
  • Platform manages significant scale with $500 million in employee benefits and 400,000 users globally
  • Real-time data infrastructure enables better benefits administration and insights
  • Partnership includes Workday Ventures investment, strengthening strategic relationship

Negative

  • None.

NEW YORK, Aug. 28, 2025 /PRNewswire/ -- Benepass, the leading spending accounts administrator, today announced a strategic partnership with Workday (NASDAQ: WDAY) to become a Workday Wellness partner for financial benefits. Through this partnership, Benepass will integrate directly with Workday Wellness, an AI-powered solution that helps organizations deliver more personalized, impactful employee benefits programs.

Workday Wellness revolutionizes employee benefits experiences by offering a real-time view into the benefits and wellness offerings employees use and value most. This partnership will deliver greater administrative efficiency for employers and provide actionable insights that maximize engagement with both employers and employees. Employers will gain powerful tools to measure effectiveness of their benefit offerings and dynamically adapt those benefits to better meet their employees' needs.

Benepass brings real-time connectivity and automation to pre-tax and post-tax spending accounts, including lifestyle, wellness, tuition reimbursement, commuter, FSA, and HSA. The integration is powered by Benepass Connect, its next-generation data infrastructure that standardizes employer eligibility data and syncs it across systems in real time. Benepass Connect adapts to each customer's specific business rules, data formats, and update frequencies. This eliminates the rigidity of traditional file feeds and enables seamless coordination with platforms like Workday.

"We're thrilled to join the Workday Wellness ecosystem," said Jaclyn Chen, CEO at Benepass. "Employers today are seeking benefit solutions that are flexible, inclusive, and personalized. Together with Workday, and through Benepass Connect, we're making it even easier for companies to offer modern benefits that resonate with today's workforce while reducing administrative complexity. Our product aligns closely with Workday's focus on insight-driven HR, enabling admins to better understand what employees value based on how they use their benefits."

The partnership will enable HR and benefits teams to monitor program effectiveness in real time, identify underutilized offerings, and make informed decisions that boost employee engagement and satisfaction. Employees, in turn, will benefit from intuitive access to their Benepass benefits directly within Workday. This will help drive higher utilization and a more cohesive wellness experience.

Benepass is also a Workday Ventures Partner. Its platform supports more than 400,000 users across 80+ countries, with over $500 million in employee benefits funded. This multifaceted relationship underscores a shared vision for delivering modern, integrated benefits solutions that support today's evolving workforce.

About Benepass

Benepass is a benefits capital management platform that helps companies deliver flexible benefits through highly customizable spending and savings accounts. From lifestyle spending accounts and wellness stipends to FSA and HSA, Benepass simplifies benefits administration for HR teams and provides a seamless, personalized experience for employees. Benepass is trusted by leading companies to deliver innovative and impactful benefits programs that support employee wellbeing and engagement.

Media Contact

Julian Lina
Head of Growth Marketing
jlina@getbenepass.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/benepass-named-a-strategic-workday-wellness-partner-to-streamline-and-improve-modern-wellbeing-benefits-302540650.html

SOURCE Benepass

FAQ

What is the new partnership between Workday (WDAY) and Benepass?

Benepass has become a Workday Wellness strategic partner for financial benefits, integrating directly with Workday's AI-powered solution to deliver personalized employee benefits programs.

How many users does Benepass currently support through its platform?

Benepass supports over 400,000 users across 80+ countries, with more than $500 million in employee benefits funded through its platform.

What types of spending accounts does Benepass manage through the Workday integration?

Benepass manages pre-tax and post-tax spending accounts, including lifestyle, wellness, tuition reimbursement, commuter, FSA, and HSA accounts.

How will the Workday-Benepass partnership benefit employers?

Employers will gain real-time monitoring of program effectiveness, tools to identify underutilized benefits, and insights to make informed decisions that boost employee engagement and satisfaction.

What is Benepass Connect and how does it work with Workday?

Benepass Connect is a next-generation data infrastructure that standardizes employer eligibility data and syncs it across systems in real-time, adapting to specific business rules and data formats.
Workday Inc

NASDAQ:WDAY

WDAY Rankings

WDAY Latest News

WDAY Latest SEC Filings

WDAY Stock Data

56.97B
210.85M
0.88%
93.29%
3.91%
Software - Application
Services-computer Processing & Data Preparation
Link
United States
PLEASANTON