Fleex lets you allocate a monthly budget for work from home equipment – TechCrunch

Get Flex, A French startup formally named FlexLab. The company wants to make it easy to give some cash to its employees so that they can spend it on a desk, an external monitor, some computer peripherals, a good chair etc. Essentially, Flex Remote want to make work easier. In work.

If you work for a large company and have the ability to work from home, chances are that your employer has sent you an email saying that you can use an external monitor or office to make work easier during an epidemic. Can request a chair. And if you work for a small company, it probably depends on your employer.

Either way, some IT and facility departments will now have to deal with a huge inventory of equipment and furniture that is spread around everyone’s homes. Establishing policies, ordering portals and inventory can be quite difficult.

Flex basically wants to help you in that situation. The company lets you allocate a monthly budget for your employees. People can choose to spend that budget on many products and services.

The startup works directly with suppliers to put together a product catalog. For now, Flex is starting with IT supplies and furniture.

Then Flex buys supplies for you and delivers the goods to your home – it takes care of the complete lifecycle of the products. When an employee leaves the company, they must send the equipment back to Flex.

As you can see, Flex has a different business model than your average software startup. The company has to allocate some capital to buy desks, chairs, screens, printers etc. It has to be found out whether employees spend their budget efficiently or if they leave some money sitting in their flex account.

It is to find out if the products can last for a while before they are decommissioned. In other words, it is going to take a little time to figure out the unit semantics behind Flex.

The company is just starting out and is working with some companies to try to offer it. So far, Swile is using Back Market and Shine Flex. They allocate a monthly budget of € 55 per employee on average.

Flex has raised and joined the $ 2 million seed round (€ 1.7 million) eFounders, A European startup studio focused on software-as-a-service companies.

Image Credit: Flex