HRSoft, Inc. provides enterprise compensation management software. It has joined the Workday Partner Program and launched the HRSoft: Compensation Platform Marketplace App. This app is a Workday Designed Approved integration. This partnership enhances the Workday ecosystem by adding advanced compensation features for financial services.
With its integration into Workday Human Capital Management (HCM), HRSoft’s platform helps institutions manage incentive structures effectively. Financial services often deal with complex pay models, like carried interest and performance-based bonuses. The combined solution automates calculations, streamlines workflows, and ensures strong governance. It also helps organizations meet regulatory and audit requirements.
“Together [with Workday], we’re helping companies modernize compensation management and align pay with performance,” said Joe Poxson, Chief Executive Officer of HRSoft.
As a Workday Innovation Partner, HRSoft will enhance the alignment of compensation, performance, and financial data in Workday. This integration aims to simplify deferral and vesting schedules. It will also manage carried-interest programs and support multi-currency and cross-border pay structures. By cutting down on manual tasks and reducing complexity, organizations can improve oversight. This enables more strategic, data-driven compensation decisions.
Also Read: Bennie Secures $50 Million from LNC Partners to Scale Operations and Modernize Employee Benefits
“Financial-services organizations face some of the most sophisticated compensation requirements in the world,” said Joe Poxson, Chief Executive Officer of HRSoft. “By partnering with Workday, we’re helping enterprises manage deferrals, incentive pools, and global pay governance with confidence and control. Together, we’re helping companies modernize compensation management and align pay with performance.”
HRSoft executives say the integration also brings new levels of automation and insight to compensation planning. “This integration redefines what modern compensation technology looks like,” said Alex Miklin, SVP of Industry & Technology Solutions at HRSoft. “By combining Workday’s trusted data foundation with HRSoft Intelligence, we’re bringing automation and insight to carried-interest structures, global bonuses, and deferral programs — delivering precision and control at enterprise scale, without the complexity.”
Workday HCM offers a unified data foundation. This supports faster decision-making and better operational visibility. It also aids in workforce planning. By partnering with HRSoft, they enhance compensation capabilities. This helps financial services manage complex pay programs effectively. It aligns rewards with performance and business outcomes.
