Integration Allows Inova HCM Clients to Offer Popular Pay Option and Improve Employee Financial Wellness
Inova Payroll, a national payroll and human resource solutions provider, has announced the release of an API integration between the company’s human capital management application and ZayZoon, provider of on-demand wage access and financial wellness tools for employees.
Employers who use Inova HCM will be able to add ZayZoon in just a few minutes with no cost or liability. Employees can begin using ZayZoon to access earned wages in between paydays, balancing cash flow and avoiding the high cost of payday loans and bank overdraft fees.
“We’ve partnered with ZayZoon to provide financial wellness tools and early access to earned wages to our clients and their employees as a value-added service that is no cost to our clients,” said John Thompson, Director, Corporate Development for Inova Payroll. “More and more employees are asking for this pay option, and it’s important for our clients to be able to offer it and be competitive when recruiting talent.”
ZayZoon’s commitment to financial education and wellness was an important factor in Inova’s selection of ZayZoon as an early wage access partner. “We learned early on, as powerful as Wages On-Demand is, it requires a well-rounded product offering to truly improve the financial wellbeing of underserved employees,” stated Tate Hackert, President at ZayZoon. “This is why we include ZayU, an extensive financial education toolkit with banking insight tools, completely free for all employees.”
Inova clients wishing to add ZayZoon can contact their support representative or visit zayzoon.com/inova.
ZayZoon is on a mission to improve employee health through the use of responsible financial products. We partner and integrate with companies in the US, Canada and Australia to provide employees access to their earned wages on-demand, financial education and personal finance tools. This is important because 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’s on-demand access to wages gives employees control over their paycheck, reduces financial stress and prevents the debt spiral caused by predatory products.