Trez.co Appoints Bruce A. Phillips to Advisory Board, Paving the Way for Latino Tech Innovation

Trez.co Welcomes Bruce A. Phillips to Advisory Board

San Francisco, April 10, 2025 — Trez, the pioneering Latino payroll startup in the U.S., is thrilled to announce that Bruce A. Phillips will be joining its Advisory Board. Phillips is a known leader in cloud accounting and has a notable history in the tech industry. His wealth of experience aligns perfectly with Trez's mission to innovate payroll solutions specifically tailored for Latino businesses. This strategic addition to the Advisory Board is a testament to Trez’s commitment to its core vision: empowering Latino entrepreneurs and enhancing operational efficiencies within the community.

Bruce A. Phillips brings over 25 years of experience in accounting and cloud technology to Trez. As a CPA and former CFO of multiple tech startups, his background facilitates the integration of technology within financial practices. Bruce co-authored the influential book, "Adding a Xero to Your Practice," which significantly contributed to establishing new standards in cloud accounting. His insights and direction will undoubtedly play a pivotal role in revolutionizing Trez’s offerings in the payroll landscape.

In an enthusiastic statement, Phillips expressed, "Joining Trez's Advisory Board is an exciting opportunity to contribute both to the transformation of payroll services as well as serving the booming Latino business sector. I look forward to helping Trez become a billion-dollar startup and revolutionize the payroll industry." His vision resonates deeply with Trez's leadership.

CEO Gustavo Suarez highlighted the significance of Phillips's expertise, stating, "Bruce's addition signals to the industry the immense opportunity we have in developing financial products for the fastest-growing and largely underserved segment in the market. His deep understanding will be integral to advancing our innovation and growth."

In an era where Latino-owned businesses are increasingly recognized for their contributions to the American economy — generating approximately $500 billion in sales and providing millions of jobs — Trez.co positions itself as a key player in supporting these enterprises. The U.S. Bureau of Labor Statistics indicates that 78% of new workers entering the workforce between 2020 and 2030 will be Hispanic, emphasizing the growing importance of Latino businesses.

Currently, over 4.5 million Hispanic-owned establishments exist in the U.S., employing more than 2.9 million individuals. These figures underline Trez's potential influence and the critical need for tailored solutions that address the specific challenges faced by these businesses. Trez.co aims to fill this gap, working towards enhancing the operational efficiency and growth trajectories of its clients.

With Phillips on board, Trez is poised to expand its advisory capacity and find innovative means to deliver payroll and financial services that resonate with Latino entrepreneurs. The company has already gained recognition from notable institutions including Techstars, Forbes, and Stanford Graduate School of Business, signaling strong support and future collaborations in the pipeline.

In summary, Trez.co is not just a payroll platform; it's a movement aimed at uplifting Latino businesses through technological advancements and effective financial solutions. The appointment of Bruce A. Phillips to its Advisory Board marks a monumental step in realizing that vision. As Trez continues to grow and adapt, the Latino business community stands at the forefront of a new wave of innovation in payroll services and beyond.