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Compt Reviews & Product Details

Verified User in Information Technology and Services
AI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Compt?

The range of benfits offered and the UI. Review collected by and hosted on G2.com.

What do you dislike about Compt?

Can coincide with other tools our orgnaization uses. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

Providing employee incentives, morale booster Review collected by and hosted on G2.com.

Compt Overview

What is Compt?

Compt transforms employee benefits with an easy-to-use, tax-compliant platform offering personalized lifestyle stipends, business expense management, professional development and rewards and recognition. Designed for HR professionals, Compt simplifies benefits management, empowering employees with tailored options that suit their unique needs. - Easily Manage Employee Benefits with Compt Compt empowers companies to offer personalized, tax-compliant stipends that align with their budget, culture, and team needs. The platform simplifies the process, allowing HR professionals to create tailored stipends from 27 spending categories, including health & wellness, professional development, and remote work essentials. - Diverse Spending, Unlimited Choice Compt users choose from a wide range of benefits, including: -- Fertility Treatments: IVF, IUI, and fertility medications. -- Family Care: Childcare, family caregiving, and pet care. -- Lifestyle: Food, health & wellness, and personal indulgences. -- Financial Security: Student loan repayment, therapy, meditation apps. -- Work Essentials: Internet, cell phone, and professional development. With Compt, 72% of spending goes to over 65,000 vendors worldwide, supporting local and global choices without restrictions. - Transforming Rewards & Recognition Ditch outdated rewards like gas cards. Compt enables quick, personalized recognition through: -- Instant bonuses for birthdays, anniversaries, or achievements. -- Peer-to-peer and manager-to-employee programs. -- Cashless shout-outs to celebrate your team's successes. - Simplified Expense Management Streamline your financial operations with Compt's easy-to-use tools: -- Unlimited expense reports and mileage tracking. -- Transparent, budget-friendly pricing. -- Seamless integration with your existing tech stack and dedicated customer support. Compt is 4x more cost-effective than other vendors, boosting your bottom line while simplifying expense management. - Professional Development Made Simple Our new professional development module addresses the common challenges organizations face in managing employee learning initiatives. Traditional systems often suffer from cumbersome approval processes, outdated tools, and unclear resource allocation, leading to underutilized development funds and employee frustration. These inefficiencies can result in missed growth opportunities and increased turnover.  To overcome these obstacles, Compt offers a streamlined solution that centralizes all aspects of professional development management. Key features include: -- Simplified Approval Processes: Reduces administrative burdens by automating workflows. -- Transparent Budget Tracking: Provides clear visibility into available funds and expenditures. -- Personalized Learning Opportunities: Empowers employees to choose development paths that align with their individual goals. - Global Compliance and Reach Founded by a former CFO, Compt ensures IRS-compliant stipends segmented by taxability, so you stay on the right side of the law. Our platform supports global teams in over 70 countries, displaying stipends in local currencies and time zones. - Integrated for Convenience Compt integrates with Slack and Microsoft Teams, giving your employees easy access to their benefits, reducing questions and improving their experience. Enhance employee satisfaction, boost engagement, and foster a culture of well-being with Compt—where choice, flexibility, and efficiency come together.

Compt Details
Discussions
Compt Community
Languages Supported
English
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Product Description

Compt is a perk management software that helps companies build & scale flexible perk stipends.


Seller Details
Seller
Compt
Year Founded
2018
HQ Location
Boston, MA
Twitter
@compt
247 Twitter followers
LinkedIn® Page
www.linkedin.com
41 employees on LinkedIn®

Joe A.
JA
Overview Provided by:

Recent Compt Reviews

Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Excellence"
Ease of administration. We're able to run a Lifestyle benefit globally in minutes rather than the days it previously worked. Compt is constantly ...
Verified User
A
Verified UserMid-Market (51-1000 emp.)
5.0 out of 5
"Professional and easeful system"
The range of benfits offered and the UI.
Jenna R.
JR
Jenna R.Mid-Market (51-1000 emp.)
5.0 out of 5
"Compt is terrific!"
Tim is such a pleasure to work with! He always goes above and beyond for us whenever we have questions or need additional benchmark reports provid...
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Compt Media

Compt Demo - Personalized Employee Benefits
Compt has streamlined the entire stipend process by making stipend creation simple. Build a stipend (or several) that best suits your budget, culture, and teams’ needs by browsing our comprehensive list of 27 spending categories (e.g. health & wellness, professional development, remote work o...
Compt Demo - Vendor-Free Reimbursement
While big names like Amazon, Walmart, and Kroger constitute 28% of where money was spent, a whopping 72% came from 65,000+ other vendors, highlighting the power of personalized and community-focused choices. Be vendor-free; so support that local bodega in Spain, take a class at the yoga studio...
Compt Demo - Employee Rewards and Recognition
- Traditional rewards are outdated: Gas station gift cards and cash are inefficient and time-consuming for finance teams. - Focus on recognition and appreciation: Manager-to-employee and peer-to-peer bonuses should celebrate wins and boost employee morale. - Quick and personalized rewards: ...
Compt Demo - Expense Management
Compt simplifies your financial operations by offering: - Unlimited expense reports and mileage tracking - Easy-to-use expense tracking tools - Transparent and budget-friendly pricing - Dedicated customer support - Seamless integration with ADP The platform empowers you to focus...
Compt Demo - Professional Development
Compt’s Professional Development module makes it easy for companies to support employee growth without the headaches of outdated systems and complicated approvals. With a simple, flexible approach, employees can choose the learning opportunities that work best for them, while companies get clear ...
Compt Demo - IRS Compliance
Compt is founded by a former CFO who understands the importance of getting tax compliance right. Our 27 categories are segmented by taxability based on IRS classifications (taxable vs. non-taxable) so your employees and your company always stay on the right side of compliance.
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Video Reviews

45 out of 46 Total Reviews for Compt

4.8 out of 5
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45 out of 46 Total Reviews for Compt
4.8 out of 5
45 out of 46 Total Reviews for Compt
4.8 out of 5

Compt Pros and Cons

How are these determined?Information
Pros and Cons are compiled from review feedback and grouped into themes to provide an easy-to-understand summary of user reviews.
Pros
Cons

Overall Review Sentiment for ComptQuestion

Time to Implement
<1 day
>12 months
Return on Investment
<6 months
48+ months
Ease of Setup
0 (Difficult)
10 (Easy)
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BN
Manager, Finance &amp; Accounting
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compt?

The platform is user-friendly, and many employees feel a sense of accomplishment by completing tasks each month rather than simply receiving a monthly allowance. The account manager is highly responsive and helpful—whenever we need to make changes, I reach out to her, and she consistently delivers. Review collected by and hosted on G2.com.

What do you dislike about Compt?

As an employee, there are additional steps required to claim the allowance, which could be streamlined. As an admin, having enhanced reporting features for deeper analysis would be very helpful. Additionally, setting up a dedicated page to view individual spending would be a significant improvement. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

Instead of directly providing allowances, we use Compt to require employees to submit their receipts. This approach gives employees a sense of accomplishment, as their efforts are rewarded by earning the allowance. Review collected by and hosted on G2.com.

Sabrina G.
SG
Owner &amp; CEO
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compt?

Compt is a fantastic, customizable solution that allows companies to offer an array of benefits for their workforce. It's easy to use with fantastic customer support, though I can do so much of what I need on my own. Review collected by and hosted on G2.com.

What do you dislike about Compt?

The only thing I would like to see changed is for their to be a tiered approval process, so that we could assign departmental managers to approve expenses, but then have a final approval be done by the HR team. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

We wanted to offer a low-restriction spending account for our employees and Compt's structure allowed us to customize the LSA in the best way for our employee base. Review collected by and hosted on G2.com.

Jenna R.
JR
HR Specialist
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Compt?

Tim is such a pleasure to work with! He always goes above and beyond for us whenever we have questions or need additional benchmark reports provided. The platform has always been intuitive, but has only improved through each iteration. Our team members love the flexibility the stipend categories provide, and we appreciate that we can create multiple stipends as needed. Review collected by and hosted on G2.com.

What do you dislike about Compt?

Compt only reminds users they have funds remaining once (according to our team's feedback), so we've had rare instances where the funds have expired due to the user forgetting they had to spend before the set expiration date. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

Compt streamlined our former employee recognition program so that everything is in one place, easy to use, and lets our employees use 100% of their available funds. Review collected by and hosted on G2.com.

Verified User in Information Technology and Services
AI
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compt?

Ease of administration. We're able to run a Lifestyle benefit globally in minutes rather than the days it previously worked. Compt is constantly evolving their features, most in direct response to any friction points experienced by admins or end users. Customer support is top-notch with any issues (rare) resolved usually in hours. Intergration with our payroll system was simple, and we also use Slack integrations for submission and benefit visibility. Review collected by and hosted on G2.com.

What do you dislike about Compt?

Haven't found anything yet. The system is simple to use and robust for both employees and admins. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

Managing both our Lifestyle benefit, Commuter/Parking benefit, and now Learning/Professional Develpment program. Adminstration can be measured in minutes rather than days and employees are very pleased with the user experience and flexibility they have with Compt. Review collected by and hosted on G2.com.

Verified User in Marketing and Advertising
AM
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compt?

Automates so much of the expense process -- we ditched multiple spreadsheets because of Compt.

Easy to use.

The team loves getting emails for spot bonuses and other stipends.

Customer support is top notch. Review collected by and hosted on G2.com.

What do you dislike about Compt?

Continual feature improvement means user experience isn't always 100%. But they are always trying to improve, so I appreciate that. It's never deterred me from wanting to continue using the platform. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

Too much administrative overhead.

Manual processes.

Compt has made a difference in the amount of time and energy I spend managing our company perks. Review collected by and hosted on G2.com.

Verified User in Venture Capital & Private Equity
AV
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compt?

It's easy to use, saves us time, interface with ADP was seamless, and customer service is great! Review collected by and hosted on G2.com.

What do you dislike about Compt?

We like Compt and there have been no downsides for us. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

Saves us a lot of time with the taxation of benefits and recording them in real time. Review collected by and hosted on G2.com.

CC
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compt?

Compt is very easy to use. I like that I can enter items as they occur throughout the quarter, and Compt will keep track of my totals until I'm ready to place my submission. I also like that Compt sends me reminders so that I don't forget to file my reimbursement. Review collected by and hosted on G2.com.

What do you dislike about Compt?

There's nothing I can say I dislike about Compt. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

It provides an easy and efficient means to file and receive my employee benefit. Review collected by and hosted on G2.com.

Chuck F.
CF
Engagement Director
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Verified Current User
Review source: Organic
What do you like best about Compt?

Compt is easy to use. I log in, choose the category, upload the receipt, type in the amount and submit. It's intuitive. Review collected by and hosted on G2.com.

What do you dislike about Compt?

There is nothing I dislike about using Compt. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

It's not really solving a business problem - it is facilitating a service. Review collected by and hosted on G2.com.

JP
Enterprise(> 1000 emp.)
More Options
Validated Reviewer
Review source: Organic
What do you like best about Compt?

Easy to fill out the form with minimal information needed. Simple steps to submit Review collected by and hosted on G2.com.

What do you dislike about Compt?

The titles could be named more direct to what is in teh subfolder. Such as "Submit" "Receipts" "Profile" "History".

Overal it is easy to navigate. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

Reimbursment Review collected by and hosted on G2.com.

PG
Mid-Market(51-1000 emp.)
More Options
Validated Reviewer
Review source: G2 invite
Incentivized Review
What do you like best about Compt?

The best part about Compt is it provides positive working culture by giving satisfaction to individuals with tailoring perks as per individual preferences. This also makes HR role easier regarding task for managing the perks. Review collected by and hosted on G2.com.

What do you dislike about Compt?

It is bit complex and also difficult to navigate which inturn becomes more time consuming. It is not having good customer support which creates dis satisfaction with product. It is not free and there are alternative economical options available in market. Review collected by and hosted on G2.com.

What problems is Compt solving and how is that benefiting you?

It's helping a lot in managing perks of individuals. This is creating positive atmosphere among employees and this in turns helping in retention of employees. It also allows the individual to select the perks and allowances as per their interest. Review collected by and hosted on G2.com.