Dailypay Expands UKG Technology Partnership to Help Even More Businesses Support Employee Financial Wellness
NEW YORK, June 23, 2021 / PRNewswire / – DailyPay, the industry-leading technology platform that is revolutionizing the financial system, is expanding its technology partnership with UKG (Ultimate Kronos Group), a leading global provider of HCM, payroll, personnel services and workforce management solutions.
DailyPay’s API integration enables on-demand payment services through UKG Pro, UKG’s award-winning global HCM solution for large and medium-sized businesses. Building on the proven success of integrating DailyPay with other UKG solutions, including UKG Dimensions and UKG Ready, companies using both UKG Pro and DailyPay can seamlessly integrate systems so that employees have easy and immediate access to earned income before payday receive.
“Our research shows that employees are average $ 1,200 one year interest on arrears and overdrafts. Thanks to this integration, even more employees in the US have the choice and control over their earned salaries and can avoid these fees and invest in their future savings, “said Jak Lerdgidkjon, Senior Director of Business Development & Partnerships at DailyPay. and alliance partners like UKG and how much they help us to expand our reach. “
DailyPay’s industry leading technology platform offers PayEx™, a range of services that enables employees to use their PAY and SAVE products to transfer their earned income to accounts of their choice, both current and savings accounts, 24/7. The PayEx products also give employers the opportunity to smoothly process payments outside of the cycle with CYCLE or to reward employees with REWARD for good work in accordance with the rules.
“Financial wellbeing is a critical component in supporting holistic employee wellbeing, a pillar of the modern employee experience,” said Mike May, Senior Director, UKG Partner Network at UKG. “Instead of employees working for paydays, we can make paydays for employees.”
As American businesses reopen, companies are using on-demand pay to hire faster and retain employees longer to meet growing consumer needs. Employers who work with DailyPay can expect higher retention, productivity and employee satisfaction. A recent study shows that 73% of DailyPay users have a better opinion of their employers and 74% say DailyPay helped reduce their financial stress. According to the Mercator Advisory Group, less financial stress leads to better interactions between employees and customers, thereby improving sales, branding and customer experience. DailyPay customers can also expect a 63% increase in sales.
For more information on DailyPay or a demo, click here.
DailyPay, powered by its industry leading technology platform, has a mission to build a new financial system. Working with America’s top employers including Dollar Tree, Berkshire Hathaway and Adecco, DailyPay is the recognized gold standard for on-demand payments. Through its vast data network, proprietary financing model, and connections to over 6,000 endpoints in the banking system, DailyPay works to ensure that money is always in the right place at the right time for employers, merchants and financial institutions. DailyPay builds the technology and mindset to rethink the way money moves from the moment you work. DailyPay is headquartered in New York City, with operations in Minneapolis. Visit www.dailypay.com/press for more information.
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Ye Bin Kwon
E-mail: [email protected]