Execupay Partners with FinFit to Offer Payroll with Financial Wellness Program to Customers

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Jun 20, 2016, 03:15 ET

SAN ANTONIO, June 20, 2016 /PRNewswire/ -- Execupay, the leading privately-owned provider of HR and payroll services and software, has selected FinFit, a nationwide leader in employee financial wellness, to provide a comprehensive suite of offerings to business owners that will assist their employees in achieving financial health and well-being. According to Forbes, employees spend 1-4 hours per week dealing with financial challenges while at work. This distraction, and the stress created by financial challenges, is a hidden cost and results in productivity loss to businesses. With FinFit, Execupay will provide the leading solution in Financial Wellness to their clients.

With FinFit, employees can conveniently access financial wellness tools and resources at their own convenience 24/7. A quick financial assessment customizes the content for members, guiding them to the content they need most. This gives users an overall financial picture. In addition, FinFit's Financial Dashboard allows them to link all of their financial accounts, including checking and savings accounts, mortgage and auto loans, credit cards, and even investment accounts. Users simply set their monthly budgeted amount for each spending category and the dashboard will automatically organize and categorize their spending. This combines education and practical tools that help employees master their finances, which in turn can reduce employee stress and improve their focus at work and at home.

Because financial challenges happen, FinFit makes short-term loans available to employees based upon their employment, providing a better option than traditional short-term lenders. This relieves employers and employees of the burden of using 401(k) loans or other undesirable alternatives. It also helps keep employees out of the grasp of predatory lenders.....all at zero risk to the employers.

"FinFit is excited to be joining forces with an industry leader like Execupay. Together, we will improve their clients' organizations by allowing employees to take part in the largest and most comprehensive financial wellness platform in the United States today. Developing behaviors to meet long-term financial goals while solving everyday emergencies is critical to employee stability, both at work and at home. As an industry and thought leader for their clients today, Execupay once again is leading the charge on offering their clients unique and affordable solutions to improve their organizations," said David Kilby, President of FinFit.

Both Execupay and FinFit believe that expertly executed workplace Financial Fitness programs provide the most positive impact on employees' health and performance. Execupay is best known for combining experience with today's technology to bring innovation to payroll and human resources, making enterprise-level features available for the first time to small and mid-market businesses. This innovation, coupled with financial wellness offerings, empowers their clients and allows them to focus on taking care of their employees while simultaneously growing their business.

"We are excited to be able to offer a solution to our customers that will help improve the financial wellness of their employees. Improving an employee's financial wellness can make them a happier, less stressed, and more productive employee. Few solutions have such an impact on a business," said Gerald Stowers of Execupay.

About Execupay

Headquartered in San Antonio, Texas, Execupay has been a leading provider of Human Capital Management services and solutions since 1974, covering payroll, time and labor management, talent acquisition, talent management, and HR management to thousands of companies of all sizes throughout the United States and over 25 other countries. The company also licenses payroll service software and offers private-label partnership opportunities. Execupay strives to combine our vast experience with today's technology to bring innovation to payroll and human resources, making enterprise-level features available for the first time to small and mid-market businesses. This innovation, coupled with world-class customer service, empowers our clients and allows them to focus on growing their business. For additional information, call us at (210) 366-9511 or visit www.execupay.com.

About FinFit

Founded in 2008, FinFit is a no-liability voluntary benefit for employers throughout the United States. During a time of great financial stresses in the workforce, FinFit developed a means by which today's employees can use their job to gain financial knowledge and also access high-quality credit services. Today, FinFit is serving tens of thousands of employees, which allows their members to become better contributors in the workforce by eliminating the stresses associated with various financial challenges, while accessing credit solutions that are responsible and affordable. FinFit Loans are issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.

SOURCE FinFit