PLANO, Texas--(BUSINESS WIRE)--Following Tapcheck’s recent announcement of raising $225 million through combined equity and debt funding, the company has revealed a strategic partnership with Viventium, who offers an industry-leading payroll, HR, and compliance platform purpose-built for healthcare providers. Tapcheck, a leader in on-demand pay services, will integrate its earned wage access (EWA) feature directly into Viventium's robust payroll and HR platform, enabling seamless access to Tapcheck’s pay benefits for a swiftly growing healthcare workforce of more than 500,000.
The key features emphasize speed and simplicity and now provide instant employee access to EWA without interrupting payroll operations.
“Tapcheck just changed the game, and Viventium is the trailblazer that made it possible for more than 500,000 hardworking healthcare employees to access their earnings instantly,” said Ron Gaver, co-founder and CEO of Tapcheck. “This collaboration marks a new era for Tapcheck. We’ve redefined the EWA landscape, and now, through our network of over 200 partners, we’re enabling universal access for employees everywhere.”
The flexibility of this integration means it can be tailored to fit diverse client needs, resulting in a dynamic, efficient solution that bolsters employer operations and enhances employee financial wellbeing.
Benefits for Viventium:
- Enhanced Value Proposition: Instantly enriches client offerings with a built-in financial wellness benefit.
- Client Retention and Engagement: Strengthens customer loyalty through added value.
- Potential Revenue Opportunities: Introduces new avenues for financial growth.
Benefits for Employees:
- Financial Relief: Addresses the pressing need, as highlighted by a 2024 Payroll.org study, with 77% of workers living paycheck-to-paycheck.
- Immediate Access to Earnings: Offers faster, hassle-free access to wages when needed most.
Benefits for Employers:
- Boosted Retention and Satisfaction: Facilitates offering financial wellness perks that enhance employee retention and morale.
- Operational Ease: Integrating Tapcheck into Viventium and fully automating common procedures ensures employers can offer EWA with zero impact to current payroll processes.
- Improved Productivity: Reducing financial stress translates to increased workplace efficiency.
The key features emphasize speed and simplicity and now provide instant employee access to EWA without interrupting payroll operations. This integrated on-demand pay solution, marketed under the brand Viventium Pay powered by Tapcheck, is designed to be both effortless and streamlined, ensuring immediate availability for use. An important feature is its extensive accessibility; a single activation allows employees to access EWA without any extra costs or complications. The experience is seamless for all Viventium clients, and employees have instant access to earned wages without any additional integration dependencies or heavy lifting.
"At Viventium, we are committed to driving innovation that empowers healthcare employees while improving retention and streamlining operations for providers” said Navin Gupta, CEO of Viventium. “Our partnership with Tapcheck introduces a breakthrough in the setup process that eliminates implementation barriers entirely, giving care staff instant access to their earned wages without added complexity for administrators. By making access to earned wages seamless from day one, we’re redefining how financial wellness solutions are delivered at scale."
The integration is live and now accessible to all Viventium clients. New clients have the convenience of activating Tapcheck directly from their Viventium portal, while existing clients can enable this benefit with just a few clicks. Viventium clients who wish to enable Tapcheck can get in touch with their Viventium account manager.
ABOUT TAPCHECK
Tapcheck is the leading on-demand pay provider, empowering employees to take control of payday. The easy-to-use platform integrates seamlessly with nearly 300 employer payroll and timekeeping systems, which ensures accurate balances and a hassle-free experience for businesses and their employees. Offered at no cost to an employer, employees use Tapcheck to access wages that they’ve earned, safely and responsibly–without the worry of hidden fees, over advances, or payroll errors. Tapcheck’s proprietary earned wage access engine offers the most accurate, reliable, and headache-free on-demand pay solution for workers and their employers. Companies never lose control of payroll and employee paychecks always reflect their advances.
ABOUT VIVENTIUM
Viventium is healthcare’s trusted ally for payroll, HR, and compliance, combining innovative solutions with deep expertise in the healthcare industry. Its purpose-built cloud-based platform is designed to tackle the complexity and compliance challenges healthcare providers face, simplifying the workday, every day. Viventium helps organizations hire and retain care staff, improve the employee experience, and drive measurable value. Serving clients in all 50 states and supporting over 500,000 healthcare employees, Viventium enables organizations to focus on what matters most: providing compassionate care. It’s a new day, with Viventium.
Contacts
MEDIA CONTACT:
Tapcheck
Kristen Grossi, talkTECH
Kristen@talktechcomm.com
