In a recent product update webinar, the Forma team unveiled updates that are coming this Fall 2023.

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Fall 2023 product updates

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Unified platform for all spending accounts

• Personalized Home Page: Guided experience to feature relevant content to employees with a task center so users don't miss important actions
  Timing: Rolled out to all customers in Aug 2023
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• Forma Pre-tax Card: Ability for employees to easily request a new Forma Card or replace an existing one for themselves or their dependentsTiming: Aug 2023
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• Mobile App: Functionality for mobile app users to invest HSA money and monitor or sell HSA investments within the Forma iOS and Android apps
  Timing: Target Q4 2023

Support for the most complex, global organizations

• Currency Localization: Feature that automatically converts employees' funds when they move to a new country prompted by their address change
  ‍Timing: June 2023
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• Language Localization: Translations within the Forma desktop platform, mobile app, and Forma's Help Center to display Forma in the user's native language (note: additional cost may apply)
  ‍Timing: Target Q1 2024 Beta
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• Forma Store: New additions to keep supporting international employees with additions of globally recognized brands and localized vendors
  Timing: Ongoing

Delightful member experience

• Pre-tax Card: Auto-adjudication of recurring Forma Card transactions, at the same merchant and of the same amount, that were substantiated with receipt the first time at the merchant
  ‍Timing: July 2023
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• Notifications: Updated claim approval emails with further details and instantaneous SMS text notifications if the Forma Card is declined for pre-tax purchases
  ‍Timing: Aug 2023
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• Claims: Easier and clearer claim process as employees can now edit or delete a pending claim without requiring help from the Forma Support team
  ‍Timing: Aug 2023
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• Pre-tax Accounts: New requirement for pre-tax users to link to their bank accounts to get reimbursed for approved claims
  Timing: Oct 2023

Easy administration and extensibility

• Pre-tax Accounts Files: Preview warnings or errors after files are reviewed directly from Forma Admin. Includes instructions on how to fix issues
  ‍Timing: Sept & Oct 2023
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• Pre-tax Account Reports: Two new report templates - the Pre-tax Claim Transactions Report and Pre-tax Card Transactions ReportTiming: Sept 2023
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• Help Center: Overhauled FAQ content within the Forma Admin Help Center and Employee Help Center to reflect the latest with Forma's productTiming: Q3 2023
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• HRIS API Integration: In-platform capabilities to integrate with dozens of HR information systems so no manual intervention and maintenance is requiredTiming: Q4 2023 Beta
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• Benefit Settings: Ensure employer accounts are always auto-replenished to avoid insufficient balances on employees' Card and claim transactions
  Timing: Target Q4 2023

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