PrismHR partners with ZayZoon to offer employees instant access to earned wages
Hopkinton, MA – September 22, 2021 – PrismHR, the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., announced that ZayZoon, an Earned Wage Access solution with no time system requirement and full go-live potential within minutes, is now available to its HR service providers, their small business clients, and their worksite employees through the PrismHR Marketplace.
ZayZoon is an Earned Wage Access solution that helps improve workplace productivity, retention, and recruitment by giving small business’ employees access to earned wages in advance of payday. Offering earned wage access is a great hiring and retention tool that helps clients compete in a competitive hiring landscape.
ZayZoon’s integration with PrismHR creates a streamlined experience that makes onboarding simple and quick. PrismHR customers can enable ZayZoon across all clients and worksites in under 45 minutes. There is no pay card required and no time system setup required. Employees are able to access ZayZoon through PrismHR’s employee portal.
This modern benefit helps support financial well-being by giving employees more control over their finances. Additional benefits of offering ZayZoon include:
- Multiple options for employees to access earned wages for free
- No client contracting or operational responsibilities
- No funding accounts or time system integrations required
- Increase in employee portal utilization for PEOs
“Providing competitive financial wellness tools continue to be imperative to a great employee experience, and ZayZoon brings this experience to employees,” said Tim Pratte, President, HRO Business Unit at PrismHR.
“Providing Earned Wage Access to PEO’s has been part of ZayZoon’s story since the beginning. Our partnership with PrismHR now helps bring financial health to the forefront of this space, as a turn-key solution for more than 80,000 businesses that rely on PrismHR every day,” said Tate Hackert, Co-Founder and President of ZayZoon.
ZayZoon improves employee health by offering easy-to-use, responsible financial products. ZayZoon partners with businesses of all sizes to provide staff access to the suite of products including: Wages On-Demand, financial education and personal finance tools. Workers around the world rely on predatory products such as payday loans and overdraft fees to bridge the paycheck-to-paycheck gap created by pre-determined payroll cycles, ZayZoon aim’s to help break that cycle. ZayZoon’s on-demand access to wages helps reduce financial stress and improve workplace satisfaction and productivity.
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit www.prismhr.com.
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