FlexxPay has onboarded its 100th customer and enrolled its 15,000th employee on its app. The milestone moment is a significant step in demonstrating the popularity and successful implementation of FlexxPay across the regional business landscape. FlexxPay is a first-of-its-kind platform for employers in the region and provides employees with a convenient digital way to access their earned salaries and commissions on-demand. FlexxPay has a proven track record of increasing employee motivation, productivity and retention while reducing workload on HR teams.
Michael Trüschler, co-founder and CEO of FlexxPay said, “The first 100 companies to partner with FlexxPay are real innovators, and we’re grateful for their support. These regional and multinational businesses have quickly understood the power of FlexxPay in creating more harmonious workplaces. More than half of employees are stressed, with nearly 6 in 10 of those team members worrying about financial matters. By providing flexible access to earned income, both the employer and the employee stands to benefit.”
FlexxPay brings together financial expertise with advanced technology to automate pay frequency challenges for businesses and reduce HR workloads. Employees receive flexible access to earned income, helping to reduce financial stress, resulting in improved productivity and sales, increased retention and healthier, happier workplaces.
FlexxPay research conducted with sample businesses onboarded to the platform, proves it can reduce employee absenteeism by up to 20 percent, increase productivity by up to 50 percent and increase sales by up to 17 percent. It also reduces workload for HR and Finance teams by 10 working days per year.
Trüschler continued, “Governments across the region are actively trying to improve the lives of citizens and residents. FlexxPay supports such strategic visions by reducing financial stresses and creating happier working environments. In the world of hybrid workplaces, employers need an edge to compete for the best talent. While many enterprises have addressed flexible working hours and work-from-anywhere practices, many salaries are still paid on fixed dates every month. FlexxPay enables companies to support their employees with their primary worry – accessing their finances when and where they need it. It’s a win-win for employers and their teams.”
