By integrating with SAP® SuccessFactors® Employee Central, the wagely platform delivers financial wellness to employees of employer partners
Financial Wellness Holdings Pte. Ltd., doing business as wagely, today announced that its wagely employee financial wellbeing platform is now available on SAP® Store, the online marketplace for SAP and partner offerings. Available to all businesses that use SAP technology in Indonesia and Bangladesh, the wagely platform integrates with SAP® SuccessFactors® Employee Central to enable real-time access to its employee financial wellbeing services for employers.
wagely was part of the SAP.iO Foundry Singapore cohort focused on the future of work. In collaboration with SAP SuccessFactors Employee Central, SAP.iO worked with innovative startups to identify current challenges in human resources and help develop integrated solutions.
Joining the SAP.iO Foundry program in 2021 has been one of our key milestones, and we’re thrilled that our solution is now available on SAP Store. The development of employee benefit programs has made impressive strides in recent years, but it is still far from meeting the needs of today’s workforce. Employees know what they expect from their employers, which is more flexibility on how they're getting paid. We are here to help employers fulfill that expectation and help their employees regain control over their income.
- Tobias Fischer, CEO of wagely
wagely’s services, specifically its salary on-demand solution, allow employees to withdraw some of their already earned salaries before payday and help organizations to transform their HR processes, delivering a significant impact to the financial health of the business and its employees. The company’s salary on-demand service is a core service of its financial well-being platform and a part of the SAP offering. While workers can access their salaries in real-time to overcome financial shortfalls without having to take on crippling debt, employers get to create a pay system that alleviates their employees of financial stress and actively builds a healthy and productive workforce. As a result, employers not only increase their workforce output and engagement, but also significantly reduce turnover and recruitment costs.
Financial Wellness Holdings Pte. Ltd. is a partner in the SAP® PartnerEdge® program. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively.