StoreForce Elevates Employee Financial Wellness with PayActiv Integration
March 7, 2024
Strategic partnership aims to transform the landscape of employee financial wellness by providing instant access to earned wages.
Toronto, ON, March 7, 2024 – StoreForce, the leading workforce management and retail operations solution for retailers, proudly announces a significant enhancement to its Employee Self-Service App with the integration of Payactiv, a pioneer in Earned Wage Access (EWA) solutions. This strategic partnership aims to transform the landscape of employee financial wellness by providing instant access to earned wages.
In today’s dynamic retail environment, understanding and addressing the needs of employees is paramount. Research consistently shows that personal financial stress not only affects work performance but also contributes to increased turnover rates. According to a recent study, a staggering 82% of employees are more concerned about financial matters than their health.
By integrating PayActiv’s EWA feature, StoreForce empowers employees by offering them the ability to access a portion of their earned wages instantly. This revolutionary capability eliminates the constraints of traditional pay cycles, providing a solution to unforeseen financial challenges and bolstering employee confidence.
“Financial wellness is not just a perk; it’s a fundamental aspect of employee satisfaction and engagement,” says Matt Charpentier, Chief Revenue Officer at StoreForce. “Our collaboration with Payactiv underscores our commitment to supporting the holistic well-being of retail teams.”
The Payactiv app complements this integration with a suite of financial wellness features designed to empower employees in managing their finances effectively. From smart savings and budgeting tools to integrated bill payments and professional 1:1 financial coaching, Payactiv offers a comprehensive solution to alleviate financial burdens and promote overall well-being.
While Payactiv is currently available exclusively in North America, we are excited about the prospect of expanding this service globally in the near future. This integration represents a significant step forward in our mission to foster a more resilient and empowered workforce.
StoreForce and Payactiv are dedicated to revolutionizing the employee experience in the retail sector, one innovation at a time. For more information about this groundbreaking integration, please see our website.
About StoreForce
StoreForce has been helping Specialty Retailers around the world exceed sales performance goals and deliver exceptional customer experiences since 2010. StoreForce is a sales performance platform, underpinned by a Specialty Retail workforce management system. It is called “wfm+”, where the “+” represents a focus on positive sales growth and consistent delivery of the brand in your brick and mortar stores. This approach is entirely unique to StoreForce, and it is why the “+” also represents a foundational shift from the way traditional wfms approach labor planning in Specialty Retail.
At StoreForce, we consider ourselves Retailers first, and technology vendors second. We are extremely passionate about retail and helping our clients thrive. Customer service and engagement is at the forefront of everything we do. We have the luxury of designing a platform-specific to the needs of the Specialty Retail market, working with our clients to continually enhance our solutions, and not compromising on functionality to serve multiple verticals. For more information, visit: www.storeforcesolutions.com
About Payactiv
Payactiv, a Certified B-Corp, is a livelihood platform that gives employees on-demand access to earned but unpaid wages, and a suite of other services designed to help employees live the lives they’ve earned. Businesses that partner with Payactiv see significant cost reductions through increased recruitment, engagement and retention. Payactiv is the winner of the Innovative Payments Association’s Consumer Champion Award for 2020, Finovate’s 2020 Award for Excellence in Sustainability. Payactiv has also won best in class awards in both FinTech & HRTech, and is the provider of Earned Wage Access to Walmart. Learn more at www.payactiv.com.