Our top-rated, all-in-one platform gives banks and accountants the tools they need for a data-backed, people-first approach to HR and payroll.
Stay on track and view all employee compliance items in one place.
Process payroll with one click.
Fill jobs quickly with the right people.
Technology and training needs are always changing — make sure your workforce can keep up.
Create a company culture that connects peers and leaders to each other and to their work.
Stay on track and view all employee compliance items in one place.
Process payroll with one click.
Fill jobs quickly with the right people.
Technology and training needs are always changing — make sure your workforce can keep up.
Create a company culture that connects peers and leaders to each other and to their work.
Running payroll in the financial services industry presents challenges like accuracy, regulatory compliance requirements, and data security concerns. Accuracy challenges stem from manually tracking time and labor or from complex compensation structures with bonuses, overtime pay, or equity awards.
Compliance requirements like tax withholding, benefits administration, and reporting obligations can also be complex and time-consuming. Financial services firms must ensure the security of their payroll data, which contains sensitive personal and financial information, to prevent data breaches and protect the privacy of their employees.
HR software can be a valuable tool for financial institutions looking to maintain compliance and certification requirements. These solutions include features that help track and manage employee certifications, training, and licenses to ensure employees meet the necessary regulatory and compliance standards, reducing the risk of compliance violations and penalties.
HR software automates processes like benefits administration and tax withholding, so financial institutions stay up to date with changing regulations and minimize the risk of errors. HR software improves data security by providing secure storage and management of employee information, reducing the risk of data breaches and unauthorized access to sensitive data.
Businesses in the financial services industry can reduce turnover by creating a company culture of engagement. Engaged employees are more loyal, happy, and productive than their disengaged counterparts — meaning higher profitability for your organization. By creating connections between colleagues and investing in your employees, you can build a workplace that will win and keep top talent.