Global payroll software provider, Ramco Systems, announced its partnership with Wagestream, Australia’s largest charity-backed fintech, to extend real-time pay tracking, flexible pay, money coaching and other financial wellness solution, together with Ramco Global Payroll solution, to organisations across Australia. This partnership is a testament to Ramco’s visionof enhancing employee wellbeing by providing employees with education and tools to boost financial wellbeing and inclusion, as well as improve employee productivity and engagement of their customers’ workforce.
Wagestream helps alleviate financial stress for employees by offering the ability to reduce reliance on high interest credit and build healthy financial habits. In turn, Wagestream is proven to help businesses fill open roles faster, increase shift filling and reduce attrition.
This partnership will mean registered employees can access Wagestream through Ramco’s platformwith just a click to:
- Tracktheir earnings in real-time
- Growtheir savings directlyfrom their pay
- Checktheir financial fitnessscore and get personalised financial education
- Transfer a portion of their earnedwages to cover unexpected costsor emergencies
Josh Vernon, CEO, Wagestream Australia, says, “At Wagestream, everything we do and every product we create is designed to improve the financial wellbeing of people at work. Our partnership with Ramco will help more employees access the financial wellbeing tools that can help reduce financial stress and achieve their goals.”
Rohit Mathur, Head – Ramco Global Payroll & HR Solution, Ramco Systems, said, “We are excited to bring Wagestream’s financial wellness capabilities together with our Global Payroll solution for our customers and their employees. This will complement an organisation’s efforts to meet the evolving expectations of modern workforce. We are confident that while employees will benefit from Wagestream’s financial wellbeing offering, organisations will also experience higher employee productivity and retention rates. This is certainly the next step towards enhancing employee well-being and overall experience.”
