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Forma description
Forma offers a software platform for businesses to create and manage flexible employee benefit programs. Its focus is simplifying benefit administration and giving employees more choice in how they use their benefits, like Lifestyle Spending Accounts (LSAs) or Health Savings Accounts (HSAs). Through a centralized platform, Forma streamlines processes for HR while providing employees access to a curated marketplace and personalized spending options. This approach aims to increase employee satisfaction and benefit utilization while reducing administrative burden and costs for the company.
What companies are using Forma?
Who is Forma best for
Forma is ideal for companies wanting to simplify employee benefits and offer flexible spending options. Users praise the platform's user-friendly interface and efficient claims process. However, some have noted inconsistencies in claim approvals and occasional delays in reimbursements. Forma offers a convenient way to manage LSAs and HSAs, enhancing employee satisfaction and reducing administrative burden.
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Best suited for large enterprises seeking streamlined benefits administration.
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A good fit across various industries handling employee benefits, particularly those with diverse spending account needs.
Forma features
| Supported Forma offers virtual cards with flexible spending options, including instant issuance. |
| Supported Forma supports FSA and HSA management, offering a unified platform for pre-tax and post-tax accounts. |
| Supported Forma streamlines claims processing, tracking, and reimbursements for spending accounts. |
We evaluate the sentiment that users express about non-functional aspects of the software
Value and Pricing Transparency
Customer Service
Ease of Use
Reliability and Performance
Ease of Implementation
Forma reviews
We've summarised 578 Forma reviews (Forma G2 reviews) and summarised the main points below.
- User-friendly interface, praised for its ease of use and navigation.
- Fast claim submission and approval process.
- Wide range of eligible expenses, covering various wellness categories.
- Helpful and responsive customer support.
- Convenient virtual and physical card options for direct purchases.
- Limited variety of products in the Forma store, especially in some regions.
- Inconsistent claim approvals; some similar expenses are approved while others are denied.
- Reimbursement processing time can be slow, sometimes taking up to two months.
- Occasional issues with the mobile app, including duplicate photo uploads.
- Lack of clarity regarding which products and categories are covered by Perks+.
Forma pricing
The commentary is based on 103 reviews from Forma G2 reviews.
Forma offers employee benefits and reimbursements for various lifestyle expenses, including wellness, professional development, and family care. While some users mention higher prices for some items within the Forma store, most appreciate the financial flexibility and diverse spending options. The reimbursement process is generally considered straightforward and beneficial.
Users sentiment
Forma alternatives
RipplingBetter for organizations needing broader HR, IT, and finance management. More suitable for global companies due to international payroll and compliance features. Has significantly more momentum than Forma, making it a rapidly growing Rippling alternative and competitor.Read more
BenepassHigher rated by users. Has more momentum. Provides benefit utilization insights. Offers mobile expense management. Benepass alternative. Benepass competitor.Read more
ComptMore focused on perks and stipends management. Has slower growth. Fewer reviews available. Some users report difficulty navigating the interface and limited customer support.Read more
WorkdayBetter suited for larger enterprises. Broader focus, encompassing HR, finance, and planning. Has more momentum currently.Read more
Tonic.aiBetter for developers and AI engineers needing realistic test data. Has faster website traffic and employee growth momentum. Users praise the realistic synthetic data, excellent customer support, and ease of use. However, some users dislike the AWS access key login and desire more documentation. Tonic.ai is a Forma alternative and competitor.Read more
BambooHRBetter for small to medium businesses. Broader industry applicability. Offers mobile payroll and comprehensive HRIS integrations. Has more momentum currently.Read more
Forma FAQ
What is Forma and what does Forma do?
Forma is a software platform that streamlines employee benefits administration. It offers flexible spending accounts, simplifies HR processes, and provides employees with a personalized benefits marketplace. This boosts employee satisfaction and benefit utilization while reducing administrative burden and costs.
How does Forma integrate with other tools?
Forma integrates with various payroll and HR systems to streamline benefits administration. It also offers virtual cards for direct spending and integrations with a curated marketplace of benefit providers. This allows for a more unified and efficient benefit experience for both employees and administrators.
What the main competitors of Forma?
Top alternatives to Forma include BambooHR, ThrivePass, and JOON. These competitors offer similar benefits administration and lifestyle spending account management features. Rippling and Circula are also relevant alternatives, focusing on broader HR and expense management solutions, respectively.
Is Forma legit?
Yes, Forma is a legitimate company offering a platform for flexible employee benefits. It's known for its user-friendly interface and efficient claims process. However, some users mention limited product variety and occasional inconsistencies with claim approvals.
How much does Forma cost?
I couldn't find pricing details for Forma. For the most accurate pricing information, it's best to contact Forma directly or visit their official website.
Is Forma customer service good?
Forma's customer service receives positive feedback. Users highlight the helpful and responsive support team, quick responses, and easy claim submission process. However, some mention occasional inconsistencies in claim approvals and a lack of clarity on covered items.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.