Forma vs. Compt

Companies spend millions annually on employee benefits that employees neither value nor regularly use. Founded in 2017, Forma set out to build a better model by challenging traditional one-size-fits-all approaches. Forma’s flexible benefits software helps companies offer competitive benefits packages while reducing costs and inefficiencies, by giving employees more choice and flexibility in how they spend their benefit allowances. The platform also saves HR professionals countless hours managing and supporting various point solutions.

The easiest way to run stipends & LSAs — now powered by AI to make admin effortless. Get 93% employee participation, managed in as little as 10 minutes a month. Compt is an employee stipend and Lifestyle Spending Account platform built for HR and Finance teams who want to offer total employee choice without drowning in receipt reviews, spreadsheet tracking, or complex tax math. Unlike generic expense tools, pre-funded cards, or rigid PEPM models, Compt charges a predictable, fixed annual software fee based on headcount when you purchase.