Research shows that eighty percent of employees would use a form of on-demand pay – unsurprising given our on-demand society.
Meeting consumer expectations with flexible FinTech, CloudPay NOW stands alone as the only true global solution that gives employees on-demand, instant access to their earned pay, effectively empowering them to choose their payday.
CloudPay NOW provides Earned Wage Access (EWA) for employees in one intuitive mobile application. It’s a low-cost, high-value employee benefit for progressive employers that want to attract and retain talent and make a positive impact on financial wellbeing.
CloudPay helps global companies meet the needs of both their payroll organization and the employees. Fully integrated with the CloudPay treasury and payroll services, CloudPay NOW offers financial flexibility to employees with no extra integration.
CloudPay NOW leverages digital payment technology to reduce the time it takes for employees to receive their pay. With CloudPay NOW, employees can receive their pay directly to a card or virtual wallet, bringing forward the payroll cut-off date by reducing the payment timeline from three days to a matter of seconds.
With CloudPay NOW, your company can:
Fixed pay days hinder employees who want more flexibility and control over their finances. Employees should have choice over how they meet their financial commitments, and this is what EWA can give them.
With on-demand, instant access to pay, employees can obtain emergency funds for a unexpected bill or expense, without incurring more debt, or requiring manual intervention from the Payroll or HR teams.
With CloudPay NOW, employees can: