JACKSONVILLE, Florida and MINNEAPOLIS, December 9, 2021 / PRNewswire / – Greenshades Software, a leader in payroll, HR and compliance solutions for midsize businesses, and the branch workforce payment platform have partnered to offer an option to toll-free bank and debit card account as well as other financial well-being tools to employees of its customers. Greenshades integrated Branch directly into the Employee Self-Service Portal to provide fast and free direct deposit options to all employees, including those without a bank account, a significant population within their base.
Greenshades is partnering with Branch to enable workers to have a free bank account and debit card on the self-service platform.
More than a quarter of the employees Greenshades manages are paid by paper checks. Almost half of Greenshades’ customer base is concentrated in two main segments: General Industrials and HR & Staffing, which typically have a high concentration of office-less hourly workers in need of banking services. With robust employee self-service, proactive compliance, and a streamlined, customizable interface, Greenshades delivers an ideal payroll experience for Microsoft Dynamics and other ERP users. With just a few clicks, employees can now create their own branch portfolio backed by an Evolve Bank & Trust FDIC insured checking account, all within the Greenshades employee portal.
âOur commitment to cultivating an exceptional user experience and finding solutions that promote greater financial inclusion has led us to the branch,â said Frank Villavicencio, Product Manager at Greenshades. âBranch not only enables easy integration and integration with open APIs, but also free and transparent financial services that workers really value. As a result, we’ve already seen great enthusiasm and uptake in our first deployments. “
API integration also allows payroll administrators real-time visibility into account creation and accurate, automated direct deposit updates directly into employee profiles. Requiring no effort on the part of the human resources department, the self-service direct deposit option saves additional time and money by eliminating the administration of payment cards and paper checks, the management of stocks and manual entry.
“We are incredibly excited about this partnership because of Greenshades’ shared mission to empower workers and facilitate access to financial services,” said the CEO of the branch. Atif Siddiqi. âWith our deep integration, we look forward to providing Greenshades customers and their employees with a seamless, mobile banking experience that can help them grow financially. “
The branch wallet offers a digital banking experience with no overdraft, maintenance fees or minimum account balance. Users can immediately access their branch card when signing up through Apple Pay or Google Pay and access over 55,000 free ATMs. An alternative to paper checks and paid payment cards, Branch also offers users free instant access to earned wages, up to two days of advance pay, and personal finance tools to help them manage their cash flow between checks. payroll.
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SOURCE Greenshades software