FlexWage Solutions Joins ADP Marketplace to Offer WageBank to Help Companies Eliminate Predatory Lending for Employees
Mountainside, NJ (PRWEB) November 10, 2015 -- FlexWage® Solutions LLC today announced the availability of WageBank® on ADP® Marketplace. WageBank helps companies eliminate employees’ reliance on high cost third party lenders and bank overdraft fees to bridge cash flow shortages.
FlexWage joins an ever-growing lineup of critical HCM and business applications that enable employers to optimize decision-making by seamlessly integrating workforce data across their company through secure ADP application programming interfaces (APIs).
WageBank solves a massive socioeconomic problem by providing employees with low cost access to accrued wages within the pay cycle. Workers frequently experience short-term cash shortages, which result in the need to pay NSF bounced check fees or utilize predatory lenders (payday, title or pawn loans). “WageBank delivers an employer based solution that transforms a financial stress driver into a compelling benefit. Employers appreciate the increase in productivity, satisfaction and retention. Employees feel appreciated,” said Frank Dombroski, FlexWage CEO.
ADP Marketplace is a new cloud-based app store designed to help employers dynamically manage an ecosystem of enterprise applications from ADP and world-class partners. This enables companies of all sizes to extend the value of their workforce solutions seamlessly across their entire organizations via a secure, single-sign-on process.
According to the ADP Research Institute®, the typical large company operates more than 31 separate HR applications and 33 payroll systems*. Many HR systems currently lack the ability to share workforce data with each other – and other core business systems. Today’s constantly evolving business environment requires a digital enterprise application shopping experience and seamless data integration capabilities across solutions to drive meaningful business productivity.
“Many companies struggle to integrate core HCM and business applications. ADP Marketplace empowers employers to overcome that challenge so they can focus on boosting their business agility and their employees’ success,” said Don Weinstein, Senior Vice President, Product Management, ADP. “FlexWage’s clients can access pre-integrated workforce data in real-time through one intuitive platform while tapping into a growing ecosystem of trusted HCM apps to meet their evolving business needs.”
ADP Marketplace continues to add new HCM applications to meet the business community’s current and future needs. To learn more about ADP Marketplace, visit marketplace.adp.com.
*from “Harnessing Big Data: The Human Capital Management Journey to Achieving Business Growth” 2015
About FlexWage Solutions
FlexWage Solutions LLC provides a disruptive financial empowerment solution to employers and employees through its patented WageBank. WageBank offers the industry’s only sustainable solution that provides employees responsible access to earned wages prior to their scheduled payday. FlexWage helps improve quality of life and employee productivity while minimizing expense and emotional impact by eliminating the need for predatory lending. For more information on FlexWage Solutions, please visit http://www.flexwage.com, find us at Facebook.com/flexwage, or follow us on Twitter @flexwage.
About ADP
Powerful technology plus a human touch. Companies of all types and sizes around the world rely on ADP’s cloud software and expert insights to help unlock the potential of their people. HR. Talent. Benefits. Payroll. Compliance. Working together to build a better workforce. For more information, visit ADP.com.
Denny Sullivan, FlexWage Solutions, http://www.flexwage.com, +1 908-232-5700, [email protected]
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