ExtendPX moves DailyPay beyond its traditional commercial pay-on-demand (PDO) offering. ExtendPX’s announcement will enable every payroll, HCM, and TMS (time management software) company in the United States to deliver high-demand pay-on-demand services through a customizable pay-on-demand solution and modular that can be integrated into the suite of products it offer to their customers. ExtendPX, the first of its kind for the PayExperience industry, is already active with leading global payroll and human resource management partners and other organizations.
âAs a gold standard in the pay-on-demand industry, our mission is to unlock the endless possibilities of pay,â said Konstantin Getmanchuk, Senior Vice President, Product Management, DailyPay. âWith 80% of Fortune 100 companies offering on-demand payment services by choosing DailyPay, we have seen the demand for ODP services grow at unprecedented rates. The future is here. We are here to facilitate this change. Within a few years, every company will allow their employees to access the money they have earned, according to their needs. It’s time to bring an innovative solution to HCM businesses.
The most robust program of its kind, ExtendPX offers a comprehensive set of services, with the ability to customize as needed. HCM businesses can integrate the DailyPay offering into their own product suite using the DailyPay APIs, or choose a white label approach. Both options result in an on-brand experience where the product looks and feels like their own, without having to create a native solution. In addition to supporting immediate access to earned income, the comprehensive list of services includes employee savings and financial well-being features, off-cycle payment tools, and other DailyPay support services, such as as guaranteed funding for the program, secure monitoring of data exchanges and live multi-level domestic. support for employees.
âWe were delighted to have DailyPay integrated into our benefit package,â said Bob frank, SVP and CIO, Adams Keegan. âThe ability to seamlessly deliver one of the most sought-after benefits, which gives employees the power to choose and control their compensation, will give us a competitive advantage over our competitors and be a game-changer for our customers. “
The demand for on-demand compensation (a process of benefits and payroll also known as access to earned wages) has grown exponentially due to its proven ability to reduce turnover, promote worker productivity, and boost productivity. ‘hiring. With triple-digit growth in customer demand for pay-on-demand, the HCM, payroll and TMS companies are quickly realizing the need to embrace this new market.
âOver the past five years, DailyPay has partnered in powerful ways with key companies HCM and TMS,â said Jason lee, CEO and co-founder of DailyPay. âWe have proven that by integrating our benchmark offering into their platforms, more Americans can benefit from control and flexibility over their compensation. After all, it’s their money, and they’ve earned it. This product extension is just one step we are taking to move the entire PayExperience industry forward. ”
DailyPay is already a successful solution offered in major HCM markets and is integrated with six of the 10 largest HCM companies. Click on here to view DailyPay’s full network of integration partners.
ExtendPX launch follows recent DailyPay launch CYCLE, DailyPay’s new product for payroll professionals that solves many challenges by digitizing off-cycle payments and making them available in real time.
DailyPay is the premium, recognized payment on-demand platform providing comprehensive compensation experience solutions to world-class companies and their millions of employees, including Adecco and Berkshire Hathaway. DailyPay has created an ecosystem with the most advanced and modern technology stack in the industry and offers the most secure, compliant and transparent pay-on-demand benefit in our rapidly growing market. DailyPay is headquartered at New York City with operations based in Minneapolis. For more information visit www.dailypay.com/press
Contact: Sehrish Sayani
E-mail: [emailÂ protected]