By integrating with SAP® Success factors® solutions, the DailyPay on-demand payment solution provides financial well-being and flexibility to millions of customers nationwide.
NEW YORK, September 15, 2022 /PRNewswire/ — DailyPay, Inc., a leader in on-demand payment, today announced that its Daily Pay the payment on demand solution is now available on SAP® Store, the online marketplace for SAP and partner offerings. DailyPay integrates with SAP® Success factors® Employee Central, SAP SuccessFactors Employee Central Payroll, and SAP SuccessFactors Compensation and provides customers with on-demand compensation, also known as earned pay access.
“The power to choose and control the wages earned, especially in times of high inflation and high gas prices, can be critical for American workers trying to pay their bills and make ends meet,” said Michael McKeon, Senior Vice President of Distribution Strategy and Partnerships, DailyPay. “Through our partnership and integration with SAP, forward-thinking U.S. employers will have the ability to deliver this benefit and help drive employee recruitment and retention.”
In a tight job market, DailyPay can be an essential solution for businesses looking to hire faster and retain employees longer to meet consumer demands by:
- Boost recruitment — According to research by DailyPay, employees who offer DailyPay fill vacancies 52% faster.
- Retain top talent — A Mercator Advisory Group study commissioned by DailyPay found that the average seniority improved up to 73% when employers offered DailyPay.
- Increase employee savings — According to a Aite Novarica study with DailyPay, 95% of those who previously depended on payday loans in any way stopped using payday loans (81%) or reduced their use (15%) after using DailyPay – saving $624-930 per year.
SAP Store, available at store.sap.com, offers a simplified and connected digital customer experience to find, try, buy and renew more than 2,000 solutions from SAP and its partners. Customers can find the SAP solutions and SAP validated solutions they need to grow their business. And for every purchase made through SAP Store, SAP will plant a tree.
DailyPay is an SAP partner® PartnerEdge® program. The SAP PartnerEdge program provides the enabling tools, benefits, and support to make it easy to build high-quality, disruptive applications focused on specific business needs, quickly and affordably.
About Daily Pay
Daily Pay, powered by its cutting-edge technology platform, is on a mission to create a new financial system for everyone. DailyPay offers an industry-leading on-demand payment solution with modern, insight-driven compensation strategies that help leading U.S. employers activate their workforces and build stronger relationships with their employees so that they feel more engaged, work harder and stay longer. With its vast data network, proprietary funding model and connections to over 6,000 banking system endpoints, DailyPay ensures that money is always in the right place at the right time for employers, merchants and financial institutions. DailyPay is headquartered in New York Citywith operations based in Minneapolis and Belfast. For more information, visit www.dailypay.com/press.
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E-mail: [email protected]