JACKSONVILLE, Fla.
and MINNEAPOLIS, Dec. 9, 2021
/PRNewswire/ -- Greenshades Software, a leader in payroll, HR, and
compliance solutions for midsized companies, and workforce payments
platform Branch have partnered to deliver a zero-fee bank
account and debit card option along with other financial wellness
tools to employees of its clients. Greenshades has embedded Branch
directly into the employee self-service portal to provide fast,
free direct deposit options for all employees, including those
without bank accounts, a meaningful population within their
base.
Greenshades partners with Branch to empower workers with zero-fee
bank account and debit card on self-service platform.
Over a quarter of the employees Greenshades manages receive pay
by paper checks. Nearly half of Greenshades' client base is
concentrated in two main segments: General Industrials and HR &
Staffing, which typically exhibit a large concentration of
deskless, hourly workers in need of banking services. With robust
employee self-service, proactive compliance, and a customizable,
streamlined interface, Greenshades delivers an ideal payroll
experience for Microsoft Dynamics and other ERPs users. In just a
few clicks, employees can now set up their own Branch Wallet backed
by an FDIC-insured checking account from Evolve Bank & Trust,
all within the Greenshades employee portal.
"Our commitment to cultivating an exceptional user-experience
and finding solutions that drive greater financial inclusion led us
to Branch," said Frank
Villavicencio, Chief Product Officer at Greenshades. "Branch
not only enables easy integration and onboarding with open APIs,
but also free, transparent financial services that workers truly
enjoy. As a result, we've already seen great excitement and
adoption in our early rollouts."
The API integration also allows payroll administrators real-time
visibility of account creation and accurate, automated direct
deposit updates directly into employee profiles. Requiring no
effort from the HR department, the self-service direct deposit
option generates additional time and cost savings by eliminating
paycard and paper check administration, inventory management, and
manual entry.
"We're incredibly excited for this partnership because of
Greenshades' shared mission of empowering workers and providing
easier access to financial services," said Branch CEO Atif Siddiqi. "With our deep integration, we
look forward to bringing Greenshades customers and their workers a
seamless, mobile-first banking experience that can help them grow
financially."
The Branch Wallet delivers a digital banking experience with no
overdraft, maintenance fees, or account balance minimums. Users can
gain immediate access to their Branch Card upon sign-up via Apple
Pay or Google Pay and access to over 55,000 free ATMs. An
alternative to fee-laden paper checks and paycards, Branch also
offers users free instant access to earned wages, up to two-day
early paycheck, and personal finance tools to help them manage
their cash flow between paychecks.
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SOURCE Greenshades Software