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Insynctive, Inc.
Insynctive is delivering “Future of Work” Solutions, Today.
USA, California
Market: Internet and IT, Insurance, Services, Financial services, Other
Stage of the project: Operating business
Date of last change: 29.05.2024
USA, California
Market: Internet and IT, Insurance, Services, Financial services, Other
Stage of the project: Operating business
Date of last change: 29.05.2024
Idea
Insynctive is a white label SaaS platform. Our differentiator is that we have 4 product lines that can be offered separately or in combinations depending on the problem or problems we are being asked to solve.
Our 4 product lines are Document Automation, Management and Workflow, HRIS and Compliance, Benefits Administration, and the Insynctive Hub™ to integrate to best of breed solutions like ADP Workforce Now and others.
Insynctive is a bootstrapped, white label SaaS platform that achieved positive cash flow in Q4 2023. Insynctive is doubling revenue YOY and increasing MRR MOM.
Our 4 product lines are Document Automation, Management and Workflow, HRIS and Compliance, Benefits Administration, and the Insynctive Hub™ to integrate to best of breed solutions like ADP Workforce Now and others.
Insynctive is a bootstrapped, white label SaaS platform that achieved positive cash flow in Q4 2023. Insynctive is doubling revenue YOY and increasing MRR MOM.
Current Status
Our Business Model Is Working
- Leverage: 15 Distributors, ~80 client companies/ 9,750+ employees and Association members
- W/O Outside Capital =>’22 = $140K, ‘23 Rev = $313K, Est. ‘24 = $550K+, stretch goal $1M
- Growing MRR: Nov. ‘22 $11K, Jan ‘24 $33K+
- August ‘23 = Positive Cash Flow
- Gary has invested $2.1M+ in Convertible Notes
- Looking for the “Right Strategic” Investor
- Leverage: 15 Distributors, ~80 client companies/ 9,750+ employees and Association members
- W/O Outside Capital =>’22 = $140K, ‘23 Rev = $313K, Est. ‘24 = $550K+, stretch goal $1M
- Growing MRR: Nov. ‘22 $11K, Jan ‘24 $33K+
- August ‘23 = Positive Cash Flow
- Gary has invested $2.1M+ in Convertible Notes
- Looking for the “Right Strategic” Investor
Market
Our SAM Equals $36,000,000,000 Per Year and growing at 13% YOY
Insynctive has 2 Ideal Customer Profiles –
- Via Direct Companies = 100 – 5,000+ Employees
- Leveraged Via Service Provider Distributors to get to Various Aggregated Groups
- Insynctive is part of the ADP Marketplace and is integrated to ADP Workforce Now that has 225,000+ clients using it. Insynctive was picked by a name brand company with 1,500 employees and 33 locations, and 180 sister companies in the US. The functionality we are building out for them can be reused by the ADP Workforce Now users that ALL have the same gaps. So does Paycor.
Larger companies have pain, have capital, and are willing to pay for innovative cost effective solutions - That’s Insynctive
Insynctive has 2 Ideal Customer Profiles –
- Via Direct Companies = 100 – 5,000+ Employees
- Leveraged Via Service Provider Distributors to get to Various Aggregated Groups
- Insynctive is part of the ADP Marketplace and is integrated to ADP Workforce Now that has 225,000+ clients using it. Insynctive was picked by a name brand company with 1,500 employees and 33 locations, and 180 sister companies in the US. The functionality we are building out for them can be reused by the ADP Workforce Now users that ALL have the same gaps. So does Paycor.
Larger companies have pain, have capital, and are willing to pay for innovative cost effective solutions - That’s Insynctive
Problem or Opportunity
COVID has changed how Service Providers, business and corporations, and associations do business.
Service Providers are Benefit Brokers, HR Outsourcers, Administrative Organizations, TPAs, Payroll Groups, Insurance Carriers need a platform to retain their books of business, compete and win new business vs Rippling ($2B investment), GUSTO ($775M investment), and other multi-billion dollar companies like ADP, Paycor, Paycom, UKG, and other vertical stack solutions that force a change of payroll and then force a company to use the rest of their stack of solutions.
Business and corporations need to manage hybrid workforces, want to buy best of breed solutions but need them on an integrated basis.
Associations need to provide greater benefits to their members via an eCommerce like platform.
Service Providers are Benefit Brokers, HR Outsourcers, Administrative Organizations, TPAs, Payroll Groups, Insurance Carriers need a platform to retain their books of business, compete and win new business vs Rippling ($2B investment), GUSTO ($775M investment), and other multi-billion dollar companies like ADP, Paycor, Paycom, UKG, and other vertical stack solutions that force a change of payroll and then force a company to use the rest of their stack of solutions.
Business and corporations need to manage hybrid workforces, want to buy best of breed solutions but need them on an integrated basis.
Associations need to provide greater benefits to their members via an eCommerce like platform.
Solution (product or service)
Insynctive is a proven technology and has a solid reputation with a great team to provide excellent levels of service. Insynctive is specifically designed to help Service Providers and their mid to enterprise clients, an eCommerce like solution for Associations, and Independent Contractors.
Insynctive has 4 product lines that can be offered separately or in combinations depending on the problem or problems we are being asked to solve. This approach gives Insynctive the opportunity to solve real world problems and expand from there. Think of Insynctive as a gap filler for vertical stack solutions that don't do everything great.
Our 4 product lines are Document Automation, Management and Workflow, HRIS and Compliance, Benefits Administration, and the Insynctive Hub™ to integrate to best of breed solutions like ADP Workforce Now and others.
Insynctive has 4 product lines that can be offered separately or in combinations depending on the problem or problems we are being asked to solve. This approach gives Insynctive the opportunity to solve real world problems and expand from there. Think of Insynctive as a gap filler for vertical stack solutions that don't do everything great.
Our 4 product lines are Document Automation, Management and Workflow, HRIS and Compliance, Benefits Administration, and the Insynctive Hub™ to integrate to best of breed solutions like ADP Workforce Now and others.
Competitors
PE owned: Employee Navigator, Plansource, Rippling ($2B investment), GUSTO ($775M investment), and other multi-billion dollar publicly traded companies like ADP, Paycor, Paycom, UKG, Workday, SAP, Oracle, and other vertical stack solutions.
Advantages or differentiators
Insynctive is a proven technology and has a solid reputation with a great team to provide excellent levels of service. Insynctive is specifically designed to help Service Providers and their mid to enterprise clients, an eCommerce like solution for Associations, and Independent Contractors.
Insynctive has 4 product lines that can be offered separately or in combinations depending on the problem or problems we are being asked to solve. This approach gives Insynctive the opportunity to solve real world problems and expand from there. Think of Insynctive as a gap filler for vertical stack solutions that don't do everything great.
Our 4 product lines are Document Automation, Management and Workflow, HRIS and Compliance, Benefits Administration, and the Insynctive Hub™ to integrate to best of breed solutions like ADP Workforce Now and others.
Insynctive has 4 product lines that can be offered separately or in combinations depending on the problem or problems we are being asked to solve. This approach gives Insynctive the opportunity to solve real world problems and expand from there. Think of Insynctive as a gap filler for vertical stack solutions that don't do everything great.
Our 4 product lines are Document Automation, Management and Workflow, HRIS and Compliance, Benefits Administration, and the Insynctive Hub™ to integrate to best of breed solutions like ADP Workforce Now and others.
Finance
Leveraged Selling
- Current and New Service Provider Distributors
- Increase The Number of Clients
- Increase Size of Clients
- New Client Requested Product Lines
Revenues and MRR
- 4 Lines of Revenues Drives Increasing MRR
Revenue 1 –Set-Up Fees + $1 to $6 PEPM
Revenue 2 –Voluntary Plan Overrides (1% to 3%)
Revenue 3 –Commissions off of integrated Third Party Systems
Revenue 4 –New Features and Functionality
- Current and New Service Provider Distributors
- Increase The Number of Clients
- Increase Size of Clients
- New Client Requested Product Lines
Revenues and MRR
- 4 Lines of Revenues Drives Increasing MRR
Revenue 1 –Set-Up Fees + $1 to $6 PEPM
Revenue 2 –Voluntary Plan Overrides (1% to 3%)
Revenue 3 –Commissions off of integrated Third Party Systems
Revenue 4 –New Features and Functionality
Business model
Configurable. Rapidly Deployable. Intuitively Simple.
Cloud Based White Label Platform
Module 1 –Document Automation and Management Checklists Including Workflows
Module 2 –Complete HRIS
Module 3 –Group Benefits Administration
Module 4 –Insynctive Hub™ - Integrate to Third Party Best of Breed solutions - At our core Insynctive is a database to database integration, synchronization and management company.
Leveraging Tech –APIs, Algorithms, AI and Machine Learning
Cloud Based White Label Platform
Module 1 –Document Automation and Management Checklists Including Workflows
Module 2 –Complete HRIS
Module 3 –Group Benefits Administration
Module 4 –Insynctive Hub™ - Integrate to Third Party Best of Breed solutions - At our core Insynctive is a database to database integration, synchronization and management company.
Leveraging Tech –APIs, Algorithms, AI and Machine Learning
Money will be spent on
- Hire 3 Industry Experienced Channel Sales people
- Hire 2 US experienced Implementation & Success
- Increase Programming Team capability to 25 as cash flow allows
- Add client requested features and functionality to drive revenues and increasing MRR
- Grow Cash Flow back to B/E Q4 2025 and Profitable in 2026
- Grow Revenues to $19.7M for 2026
- Hire 2 US experienced Implementation & Success
- Increase Programming Team capability to 25 as cash flow allows
- Add client requested features and functionality to drive revenues and increasing MRR
- Grow Cash Flow back to B/E Q4 2025 and Profitable in 2026
- Grow Revenues to $19.7M for 2026
Offer for investor
$10M Pre-Money, plus $10.7M in convertible notes plus interest and a discount at the same terms as the new money to a Series Seed round of $5M.
Post Money = $25.7M.
The $5M gets 19.45% of Insynctive.
Post Money = $25.7M.
The $5M gets 19.45% of Insynctive.
Team or Management
Risks
Sales
Implementation and Customer Success
Financial
Market
Legislature
System
Global Catastrophe
GenAI is also a possible risk to our document automation, management, Workflow and eSignatures product line but not if find a way to leverage it ourselves first.
Implementation and Customer Success
Financial
Market
Legislature
System
Global Catastrophe
GenAI is also a possible risk to our document automation, management, Workflow and eSignatures product line but not if find a way to leverage it ourselves first.
Incubation/Acceleration programs accomplishment
StartX - top company
Won the competition and other awards
No.
Photos
Product Video
Presentation
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