HR Practice, HR Strategy

TriNet Announces Acquisition of Clarus R+D Solutions LLC

TriNet | September 07, 2022 | Read time : 02:25 min

TriNet Announces Acquisition of Clarus R+D Solutions LLC
TriNet, a leading provider of comprehensive human resources solutions for small and medium-size businesses (SMBs) today announced that it has acquired Clarus R+D Solutions LLC, an industry-leading, service and expertise driven, fintech solutions company that simplifies the R&D tax credit process for SMBs. Terms of the deal were not disclosed.

Clarus R+D helps SMBs take advantage of the research and development tax credit, one of the largest tax incentives available to US businesses. Clarus R+D's cutting-edge, cloud-based software platform, coupled with the deep expertise of its professional services team, delivers access, compliance, and clarity for federal and state R&D tax credits. The Clarus R+D platform has automated much of the R&D credit qualification and application process to ensure that the final incentives are optimized for each client. Businesses save valuable time as a result of the automated calculation process, while maximizing their R&D tax credit.

"With our acquisition of Clarus R+D, TriNet takes another important step towards powering the success of small and medium-sized businesses, Many of our PEO and HCM customers qualify for R&D tax credits and do not have the time or expertise to successfully apply for them. With the addition of Clarus R+D, TriNet expands its offering to better serve these customers. I look forward to leveraging Clarus R+D to put money back in the hands of our hard-working SMB clients."

- Burton M. Goldfield TriNet's President and Chief Executive Officer

Having worked closely with the Clarus R+D team through the acquisition process, I believe the Clarus R+D team is a great fit with TriNet, Importantly, we both place SMBs at the center of everything we do. We also share the belief that most SMBs are unaware of their eligibility to claim these R&D tax credits. We are excited by this opportunity to unlock possibilities for our customers, and I am thrilled to welcome the Clarus R+D team to TriNet as we pursue this market opportunity, said Samantha Wellington TriNet's Executive Vice President, Business Affairs, Chief Legal Officer and Secretary.

The Clarus team is very excited to join TriNet, a world-class organization with a very impressive leadership team. Our shared commitment to go above and beyond to support our teams, our customers, and the small business ecosystem aligns perfectly with our culture and the growth strategy of our company, We look forward to leveraging TriNet's scale to help us continue to accelerate our product roadmap in support of our customers and partners, said Chris Winslow, former Chief Executive Officer at Clarus, now leading TriNet's newly created Tax Credits Business Unit, reporting to Samantha Wellington.

As part of the acquisition, Clarus R+D will become a wholly owned subsidiary of TriNet. In addition to Winslow, all other members of the Clarus leadership team will remain in their same (or similar) roles.

Ice Miller LLP represented Clarus R+D as legal counsel in the transaction and Freshfields Bruckhaus Deringer US LLP assisted TriNet.

About TriNet
TriNet provides small and medium-size businesses (SMBs) with full-service HR solutions tailored by industry. To free SMBs from HR complexities, TriNet offers access to human capital expertise, benefits, risk mitigation and compliance, payroll, all enabled by industry leading technology capabilities. TriNet's suite of products also includes services and software-based solutions to help streamline workflows by connecting HR, Benefits, Employee Engagement, Payroll and Time & Attendance. From Main Street to Wall Street, TriNet empowers SMBs to focus on what matters most—growing their business and enabling their people. TriNet, incredible starts here.

Spotlight

Problem solving is an essential skill for many professionals in today's complex work environment. However, research suggests that traditional problem-solving approaches may not be sufficient to tackle the challenges faced in organizations. To truly excel in problem solving, it is crucial to incorporate a range of "human" skills such as creativity, decision making, emotional intelligence (EQ), and persuasive tactics. In this article, we explore a set of principles that can guide you towards becoming an adept problem solver.

Get to the Root Cause: Applying the "5 Whys" Technique

One fundamental step that many individuals overlook when approaching a problem is identifying the real issue at hand. Rather than applying quick fixes that only address surface-level symptoms, it is important to delve deep into the root cause. The "5 Whys" technique can be a valuable tool in this process. By repeatedly asking "why" in response to a problem statement, one can uncover underlying factors and gain a comprehensive understanding of the situation. Often, it takes asking "why" multiple times, typically around five, to reach the core issue. Embracing this method can help you address problems more effectively.

Cultivate Curiosity and Open-Mindedness

To enhance problem-solving capabilities, it is essential to approach each situation with curiosity and an open mind. Avoid the temptation to prematurely judge or dismiss ideas that may lead to potential solutions. By fostering a mindset of exploration and receptiveness, you can tap into creative potential and uncover innovative approaches to problem solving.

If you want to cultivate curiosity, there are a few things you can do:

  • Ask questions: One of the best ways to be more curious is to ask questions. When you ask questions, you are actively seeking out new information and new experiences.

  • Be open to new experiences: Another way to be more curious is to be open to new experiences. This means being willing to try new things and to step outside of your comfort zone.

  • Pay attention to your surroundings: One of the best ways to stay curious is to pay attention to your surroundings. This means being aware of the people, places, and things around you.

  • Read widely: Reading is a great way to learn new things and to expand your horizons. When you read widely, you are exposed to new ideas and new perspectives.

Embrace Diverse Perspectives

Successful problem solving often requires considering multiple viewpoints and engaging with all parties impacted by the issue. Taking a holistic approach allows for a comprehensive assessment of the problem's implications and potential solutions. By seeking alternative perspectives, you can uncover valuable insights and generate a broader range of options to address the problem effectively.

Discover Purpose: Unveiling the "Why"

Understanding the underlying motivation behind problem solving is critical to staying committed and focused on finding solutions. You must take the time to reflect on why a particular problem is significant and how solving it aligns with your goals. By clarifying the purpose and value of problem solving, individuals can harness their intrinsic motivation to drive them towards successful outcomes.

Personal Brainstorming: An Effective Starting Point

Before presenting ideas to a group or team, it is often beneficial to engage in personal brainstorming. This approach allows individuals to explore various solutions and generate creative ideas without the pressures of immediate external judgment. By giving oneself the freedom to ideate independently, valuable insights can emerge, setting the stage for more effective collaborative problem solving.

Experimentation and Prototyping

To minimize risks and maximize the potential for success, it is advisable to test out potential solutions through small-scale experiments or prototypes. By implementing a low-impact testing phase, managers and HR professionals can assess the viability and effectiveness of their proposed solutions before fully implementing them. This approach allows for valuable insights, adjustments, and improvements, ensuring a more refined and robust resolution to the problem at hand. An approach of continuous experimentation can have many benefits, including:

  • Increased learning: When we approach life as a series of experiments, we are more likely to be open to new experiences and to learn from our mistakes. This can lead to a deeper understanding of ourselves and the world around us.

  • Increased creativity: When we are constantly trying new things, we are more likely to come up with new ideas and to think outside the box. This can lead to a more fulfilling and satisfying life.

  • Improved self-confidence: When we see ourselves as capable of learning and growing, we are more likely to feel confident in our abilities. This can lead to a more positive outlook on life and to a greater sense of well-being.

  • Reduced stress and anxiety: When we are not afraid to take risks or to make mistakes, we are less likely to experience stress and anxiety. This can lead to a more relaxed and peaceful state of mind.

By incorporating these six principles into your problem-solving approach, we can all significantly enhance our ability to address complex challenges effectively. Remember to start by identifying the root cause, approach problems with curiosity and an open mind, embrace diverse perspectives, understand your motivation, engage in personal brainstorming, and test potential solutions through experimentation. By implementing these strategies, you will be better equipped to tackle problems head-on and achieve meaningful resolutions in your professional role.


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Spotlight

Problem solving is an essential skill for many professionals in today's complex work environment. However, research suggests that traditional problem-solving approaches may not be sufficient to tackle the challenges faced in organizations. To truly excel in problem solving, it is crucial to incorporate a range of "human" skills such as creativity, decision making, emotional intelligence (EQ), and persuasive tactics. In this article, we explore a set of principles that can guide you towards becoming an adept problem solver.

Get to the Root Cause: Applying the "5 Whys" Technique

One fundamental step that many individuals overlook when approaching a problem is identifying the real issue at hand. Rather than applying quick fixes that only address surface-level symptoms, it is important to delve deep into the root cause. The "5 Whys" technique can be a valuable tool in this process. By repeatedly asking "why" in response to a problem statement, one can uncover underlying factors and gain a comprehensive understanding of the situation. Often, it takes asking "why" multiple times, typically around five, to reach the core issue. Embracing this method can help you address problems more effectively.

Cultivate Curiosity and Open-Mindedness

To enhance problem-solving capabilities, it is essential to approach each situation with curiosity and an open mind. Avoid the temptation to prematurely judge or dismiss ideas that may lead to potential solutions. By fostering a mindset of exploration and receptiveness, you can tap into creative potential and uncover innovative approaches to problem solving.

If you want to cultivate curiosity, there are a few things you can do:

  • Ask questions: One of the best ways to be more curious is to ask questions. When you ask questions, you are actively seeking out new information and new experiences.

  • Be open to new experiences: Another way to be more curious is to be open to new experiences. This means being willing to try new things and to step outside of your comfort zone.

  • Pay attention to your surroundings: One of the best ways to stay curious is to pay attention to your surroundings. This means being aware of the people, places, and things around you.

  • Read widely: Reading is a great way to learn new things and to expand your horizons. When you read widely, you are exposed to new ideas and new perspectives.

Embrace Diverse Perspectives

Successful problem solving often requires considering multiple viewpoints and engaging with all parties impacted by the issue. Taking a holistic approach allows for a comprehensive assessment of the problem's implications and potential solutions. By seeking alternative perspectives, you can uncover valuable insights and generate a broader range of options to address the problem effectively.

Discover Purpose: Unveiling the "Why"

Understanding the underlying motivation behind problem solving is critical to staying committed and focused on finding solutions. You must take the time to reflect on why a particular problem is significant and how solving it aligns with your goals. By clarifying the purpose and value of problem solving, individuals can harness their intrinsic motivation to drive them towards successful outcomes.

Personal Brainstorming: An Effective Starting Point

Before presenting ideas to a group or team, it is often beneficial to engage in personal brainstorming. This approach allows individuals to explore various solutions and generate creative ideas without the pressures of immediate external judgment. By giving oneself the freedom to ideate independently, valuable insights can emerge, setting the stage for more effective collaborative problem solving.

Experimentation and Prototyping

To minimize risks and maximize the potential for success, it is advisable to test out potential solutions through small-scale experiments or prototypes. By implementing a low-impact testing phase, managers and HR professionals can assess the viability and effectiveness of their proposed solutions before fully implementing them. This approach allows for valuable insights, adjustments, and improvements, ensuring a more refined and robust resolution to the problem at hand. An approach of continuous experimentation can have many benefits, including:

  • Increased learning: When we approach life as a series of experiments, we are more likely to be open to new experiences and to learn from our mistakes. This can lead to a deeper understanding of ourselves and the world around us.

  • Increased creativity: When we are constantly trying new things, we are more likely to come up with new ideas and to think outside the box. This can lead to a more fulfilling and satisfying life.

  • Improved self-confidence: When we see ourselves as capable of learning and growing, we are more likely to feel confident in our abilities. This can lead to a more positive outlook on life and to a greater sense of well-being.

  • Reduced stress and anxiety: When we are not afraid to take risks or to make mistakes, we are less likely to experience stress and anxiety. This can lead to a more relaxed and peaceful state of mind.

By incorporating these six principles into your problem-solving approach, we can all significantly enhance our ability to address complex challenges effectively. Remember to start by identifying the root cause, approach problems with curiosity and an open mind, embrace diverse perspectives, understand your motivation, engage in personal brainstorming, and test potential solutions through experimentation. By implementing these strategies, you will be better equipped to tackle problems head-on and achieve meaningful resolutions in your professional role.

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