Payactiv announced that its Earned Wage Access (EWA) and financial wellness platform is now available on the SAP® Store. This lets SAP SuccessFactors HCM customers easily add financial wellness benefits for employees to their HR systems. With an API-driven integration, businesses can offer real-time access to earned wages. They can also provide budgeting, savings, bill payment, and financial counseling tools at no cost to employers. This helps improve retention and lowers employee financial stress. “The SAP® Store listing opens new doors for both current clients and prospects to discover our integration capabilities,” said Sohail Aslam, co-founder and CTO at Payactiv.
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“Through API integration, we receive Time and Attendance data the moment it becomes available, which is critical because our users need access to their earned wages when they need it—not a week later. For enterprise customers juggling multiple projects, this means no classic old-fashioned implementation, no data exchange costs, and a solution that’s available with a simple switch. It’s a great win-win situation.” Since pioneering the EWA category in 2012, Payactiv has moved more than $15 billion in earned wages to over 5 million employees, with its model further validated by Harvard Kennedy School research highlighting its advantages over predatory financial alternatives.
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