Soluta
Soluta is a U.S.-licensed Third Party Administrator providing cloud-based employee benefits billing, reconciliation, and commission-management software to brokers, insurance carriers, and employer groups across all 50 states, integrated with five major benefits administration platforms.
- Company typePrivate
- Founded2009
- HeadquartersAustin, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Soluta does
Soluta is a U.S.-based Third Party Administrator (TPA) and benefits billing software company headquartered in Austin, Texas, founded in 2009 and operating as a private company with 101-250 employees. The company operates its core Insight Platform — a cloud-based billing, collection, payment, reconciliation, and commission-management system that consolidates multiple carrier invoices into a single billing system of record. Fully licensed as a TPA in all 50 states, Soluta supports 6,000+ employer groups covering 1.3M+ members across 36K+ lines of coverage, with deep integrations into five major benefits administration platforms (Employee Navigator, bswift, Selerix, PlanSource) and 60+ insurance carrier EDI integrations. In September 2024, the company launched Soluta Sync, a multi-carrier consolidated billing platform extending its product surface to carriers, brokers, and employers directly.
The product architecture emphasizes configurability: cycle-adjusted billing supports 8 to 26 payroll deduction frequencies, divisional billing splits invoices by pay group or location with independent accounting, post-coverage billing accommodates high-turnover groups, and true-deduct reconciliation tracks payments, underpayments, suspense, and adjustments at the individual employee level. Daily data imports from enrollment platforms drive automated, accurate billing adjustments. Soluta's GTM is hybrid: direct enterprise sales to brokers, insurance carriers, and employer groups, augmented by channel-partner distribution through benefits-administration platform integrations and broker resellers. Pricing is quote-based on multi-year subscription contracts; revenue is not publicly disclosed.
Soluta's value proposition is that of a central billing system of record eliminating the administrative burden of reconciling premiums across multiple carriers, payrolls, and broker relationships. The company's go-to-market targets three primary buyer segments: brokers and insurance partners seeking commission-payment and consolidated-billing infrastructure; insurance carriers seeking reduced premium leakage and EDI error management; and employer groups needing consolidated billing across carriers with payroll reconciliation. The company is led by CEO Sanjiv Anand (appointed July 2024, shared with sister company Boon-Chapman) and is privately held with no disclosed institutional investors or funding rounds.
Soluta firmographics
Firmographics- Name
- Soluta
- Legal name
- Soluta, Inc.
- Website
- https://solutainc.com
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Soluta is a U.S.-licensed Third Party Administrator providing cloud-based employee benefits billing, reconciliation, and commission-management software to brokers, insurance carriers, and employer groups across all 50 states, integrated with five major benefits administration platforms.
- Ownership category
- akta.pro rank
Soluta industry classification
Industry- Product category
- Employee Benefits Billing & Reconciliation Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372), Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Benefits Administration (BPACAPAC)
- akta.pro secondary industry
- Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS) (FSAGAGAB)
Keywords
Where Soluta is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Soluta business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Benefits Billing & Reconciliation Services: Soluta operates as a licensed TPA in all 50 states, collecting premiums and processing payments on behalf of employer groups. Revenue appears to be generated through service fees for billing administration, reconciliation processing, and payment management services. The company delivers consolidated billing, collections, and commission payments as a central billing system of record.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Quote-based custom pricing |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
Soluta product offering
Product offeringCore offering
Soluta develops and operates cloud-based benefits billing and reconciliation software, anchored by its Insight Platform and the September 2024-launched Soluta Sync, that consolidates multi-carrier employee benefits bills into single invoices, automates premium collection and carrier payment disbursement, and reconciles payroll deductions to expected premium payments. Operating as a licensed Third Party Administrator in all 50 states, the company sells to brokers, insurance carriers, and employer groups as a central billing system of record.
Product overview
Soluta offers a unified product portfolio anchored by the Insight Platform as the core billing and reconciliation system, supplemented by Soluta Sync (launched September 2024) as a multi-carrier consolidated billing platform. The product suite includes specialized features for divisional billing, cycle-adjusted billing, commissions management, post-coverage billing, True Deduct self-billing reconciliation, and EDI services. All products connect with five benefits administration platforms (Employee Navigator, bswift, Selerix, PlanSource) and 60+ carrier partners for integrated eligibility management, consolidated billing, and automated premium reconciliation.
Differentiator
Problem solved
Functional benefit
Brands
- Soluta Sync: Multi-carrier consolidated billing platform that unites carriers, brokers, enrollment platforms, and employers to simplify complex benefits billing.
- Insight
Products and services
- Insight Platform
- Soluta Sync
- EDI Services
Quantifiable outcome
- Streamlined invoicing and reconciliation across 16 divisions with 5 payroll calendars
- +3 more outcomes
Companies that use Soluta
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles3 records
Soluta technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration17 records
Feature10 records
Soluta partnerships and signals
Strategic signalPartnerships
20 partnerships are on record, tiered core.
- Employee NavigatorcoreDeep integration partnership with Employee Navigator benefits administration platform for automated enrollment data syncing and billing accuracy. Employee Navigator is one of five deep ben admin integrations Soluta maintains.
- bswiftcoreDeep integration with bswift benefits administration platform enabling automated data exchange for consolidated billing and reconciliation services.
- SelerixcoreDeep integration with Selerix benefits administration platform for streamlined enrollment and premium data synchronization.
- PlanSourcecoreDeep integration with PlanSource benefits administration platform for automated enrollment and billing data exchange.
- AflaccoreCarrier partnership for integrated billing, premium collection, and payment processing services across Aflac supplemental insurance products.
- UnumcoreCarrier integration for benefits billing, premium reconciliation, and payment disbursement for Unum employee benefits products.
- TrustmarkcoreCarrier partnership enabling integrated billing and payment processing for Trustmark voluntary benefit products.
- TransamericacoreCarrier integration for billing, reconciliation, and premium payment services for Transamerica employee benefits.
- Standard InsurancecoreCarrier partnership for integrated benefits billing and premium reconciliation for Standard Insurance products.
- Reliance MatrixcoreCarrier integration for billing and payment processing for Reliance Matrix employee benefit products.
- Principal FinancialcoreCarrier partnership for integrated billing and premium reconciliation services for Principal Financial Group products.
- MetLifecoreCarrier integration for benefits billing, reconciliation, and premium payment processing for MetLife products.
- Lincoln Financial GroupcoreCarrier partnership for integrated billing and payment processing for Lincoln Financial Group employee benefits.
- Guardian LifecoreCarrier integration for benefits billing and premium reconciliation for Guardian Life insurance products.
- EquitablecoreCarrier partnership for integrated billing and premium payment processing for Equitable employee benefits.
- Delta DentalcoreCarrier integration for dental benefits billing, reconciliation, and premium processing.
- ChubbcoreCarrier partnership for integrated benefits billing and payment processing for Chubb insurance products.
- DearborncoreCarrier integration for benefits billing and premium reconciliation for Dearborn insurance products.
- MOOcoreCarrier partnership for integrated billing and payment processing for MOO insurance products.
- Boon-ChapmancoreSister company relationship with Boon-Chapman, a claims administration and cost containment company. Shared leadership team including CEO Sanjiv Anand and CTO Sudha Kaki. Both companies operate under trust agreements with leading insurance carriers.
Scale indicators6 records
Recent moves6 records
Expansion highlights4 records
Soluta competitors and assessment
Company assessmentEmerging players
- BenefitHub: BenefitHub provides benefits administration and employee engagement tools for employers and brokers. It overlaps with Soluta's broker-channel focus and competes for the same mid-market employer customers.
- Viventium: Viventium provides payroll, HR, and benefits administration software to home care and staffing agencies. It overlaps with Soluta on benefits billing and reconciliation for employer groups, particularly in healthcare-adjacent verticals where Soluta has case studies.
Direct peers
- bswift: bswift is a benefits administration platform that also offers billing, payroll, and HR technology to employers and brokers. Despite being a Soluta integration partner, it competes in adjacent billing functionality for shared employer and broker customers.
- Employee Navigator: Employee Navigator is a benefits administration and HR platform heavily used by brokers and small-to-mid employers. It is a deep Soluta integration partner but a likely vertical-integration threat if it chooses to expand into native billing and reconciliation.
- Benefitfocus (a Vertafore company): Benefitfocus is a benefits administration platform serving employers, carriers, and brokers with enrollment, billing, and reconciliation functionality. It directly overlaps with Soluta's benefits billing and reconciliation focus, especially on the carrier and employer side, though Benefitfocus's offering is broader.
- WEX Health: WEX Health operates benefits administration, COBRA, and consumer-driven healthcare account platforms with significant billing and payment infrastructure. It overlaps with Soluta on premium billing, payment processing, and TPA-adjacent services for employers and carriers.
- PlanSource: PlanSource is a benefits administration and consumer experience platform for employers and employees. As a Soluta integration partner, it competes for the same employer and broker wallet share, particularly in mid-market benefits technology.
Broad incumbents
- ADP TotalSource / ADP Benefits Administration: ADP is a dominant HCM and payroll provider that offers benefits administration and billing-adjacent capabilities as part of a much broader portfolio. It competes with Soluta indirectly, especially for large employers seeking a single-vendor solution.
- Paychex: Paychex is a major payroll, HR, and benefits administration provider serving SMB and mid-market employers. It competes with Soluta at the employer level for benefits-related wallet share, especially where consolidated payroll + benefits is a buying criterion.
- HealthEquity: HealthEquity is a consumer-driven benefits administrator (HSAs, HRAs, COBRA) with adjacent billing and payment infrastructure. It is comparable to Soluta in TPA-style premium and account handling for employer-sponsored benefits.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Soluta social profiles
Digital presenceSoluta financial estimates
Financial estimateRevenue estimate
Valuation estimate
Soluta leadership team
Management profileNumber of profiles
Profiles12 records
Soluta funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Soluta M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Soluta
What does Soluta do?
Soluta develops and operates cloud-based benefits billing and reconciliation software, anchored by its Insight Platform and the September 2024-launched Soluta Sync, that consolidates multi-carrier employee benefits bills into single invoices, automates premium collection and carrier payment disbursement, and reconciles payroll deductions to expected premium payments. Operating as a licensed Third Party Administrator in all 50 states, the company sells to brokers, insurance carriers, and employer groups as a central billing system of record.
Is Soluta a public or private company?
Soluta is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Soluta founded?
Soluta was founded in 2009. It employs 101 to 250 people.
Where is Soluta based?
Soluta is headquartered in Austin, United States, in the North America region.
How does Soluta make money?
One revenue line is on record: benefits Billing & Reconciliation Services.
Who are Soluta's main competitors?
Emerging players on record are BenefitHub and Viventium. Direct peers are bswift, Employee Navigator, Benefitfocus (a Vertafore company), WEX Health and PlanSource. Broad incumbents are ADP TotalSource / ADP Benefits Administration, Paychex and HealthEquity.
Does Soluta have an API?
No public API is recorded for Soluta.
What industry is Soluta in?
Soluta's product category is Employee Benefits Billing & Reconciliation Software. Its primary akta.pro industry code is BPACAPAC, Benefits Administration, with a secondary code of FSAGAGAB, Policy Administration, Underwriting & Rating Platforms (Core Insurance SaaS). Its NAICS code is 513210 and its SIC code is 7372.