Finch

Today's employment landscape is fragmented and complex. However, the future promises greater connectivity and integration among top players in HR tech, benefits, and fintech. The Finch team is thrilled to announce the launch of our inaugural Open Employment Ecosystem Market Map. This map features 225 companies across 15 categories and offers a comprehensive view of the open employment ecosystem. "Companies today use many applications to manage their workforce, leaving critical employee data scattered across systems of record and point solutions. While companies continue to choose best-of-breed tools for their specific needs, the lack of connectivity between these systems is a huge challenge—especially to and from payroll systems," said Alex Tran, Manager Director at General Catalyst.  "The vision of an Open Employment Ecosystem where data flows seamlessly is the primary reason we backed the Finch team, and we’re thrilled to see the first version of their market map feature other General Catalyst portfolio companies such as Awardco, Factorial, Gusto and Thatch." Whether you’re an employment application, payroll provider, investor, or just curious, check out our detailed map here: https://lnkd.in/e6RyTyUm  #HRtech #HR

Overwhelmed by juggling multiple HR software products daily? Almost half (49%) of HR professionals use seven or more different software products daily to manage their workforce. These systems often can't communicate, leading to data inconsistencies and manual updates, which complicates getting a comprehensive overview. Payroll integrations offer a better solution. By streamlining pay, updating retirement benefits, and managing enrollments and deductions efficiently, payroll integrations enable faster, more accurate workflows. 👇 Our guide dives into payroll integrations, exploring common use cases, benefits, challenges, and best practices for building and maintaining them.

Earlier this week the Finch team hosted a happy hour at ICE Bar during ASPPA Annual 2024 in Orlando. What a fantastic evening!  We loved connecting with everyone and unwinding after a day packed with learning and insights (and some refreshing beverages!). 🥂 Huge thanks to everyone who came out! 🙌 #ASPPAAnnual #RetirementIndustry

We're thrilled to announce our new partnership with Justworks! Our teams collaborated on a new API that will make it easier for HR and fintech applications to offer secure, pre-built integrations for customers they share with Justworks. This collaboration is a major step towards realizing the Open Employment Ecosystem, where data from HRIS and payroll systems can move freely and securely to the applications employers rely on. Today's employers use an average of 16+ HR systems, most of which rely on data from their payroll system. HR teams spend hours every week keeping these apps up to date, often manually transferring data between them. Integrations between payroll and employment apps can solve this challenge; but they’re expensive for payroll companies to build and maintain. Finch solves this challenge, with hundreds of HRIS and payroll integrations for HR and fintech apps, offering access to standardized data with employer authorization. “Finch’s understanding of the market and technical expertise were instrumental in building an API that will serve developers well. We’re excited to support API-based integrations because it furthers our company mission: to help businesses grow with confidence.” - Jeremy Beltzer-Williams, Head of Partnerships at Justworks. Here’s the full story: https://lnkd.in/gSkrhgny

Partnerships are crucial in HR tech. They empower systems of record to offer integrated solutions and enable applications to access critical data directly from the source. Awardco, a leading employee rewards and recognition platform, recognized the importance of integrating with UKG, a top HR and payroll provider. By leveraging Finch's unified API, they achieved a remarkable feat: ✔️ 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗹𝗮𝘂𝗻𝗰𝗵 𝗶𝗻 𝟮 𝗺𝗼𝗻𝘁𝗵𝘀: Over 80% faster than the typical process, which usually takes 3-6 months per integration. ✔️ 𝟭𝟬 𝗺𝗼𝗻𝘁𝗵𝘀 𝘀𝗮𝘃𝗲𝗱: Finch enabled Awardco to bypass the lengthy validation process for two UKG products (UKG Ready and UKG Pro). 𝗧𝗵𝗲 𝗯𝗲𝗻𝗲𝗳𝗶𝘁𝘀: ✦ 𝗔𝘄𝗮𝗿𝗱𝗰𝗼 gained access to valuable UKG data, enabling real-time employee recognition and rewards, while accelerating customer onboarding. "Having a high level of confidence that through Finch we’d be able to expedite the whole process of becoming a certified and validated UKG partner, that was and continues to be really important to us.” - Spencer Linsley, Executive Director of Partnerships, Awardco. ✦ 𝗨𝗞𝗚 strengthened customer relationships by offering a seamless integration with a popular employee engagement platform, leading to higher retention and ARR. “We're lowering the barrier to entry and making the process smoother. ... It definitely feels like a competitive advantage.” - Adam Derus, Senior Marketing Manager, UKG. 𝟯 𝗸𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: 1/ Finch's platform eliminates the need for complex, time-consuming custom integrations. 2/ For applications like Awardco, accessing up-to-date employee data is essential for delivering a seamless and personalized experience. 3/ By collaborating and integrating effectively, HR tech companies can create a more connected and valuable ecosystem for their customers. Read the full story to learn more about the power of collaboration and the transformative potential of unified APIs in the HR tech space. https://lnkd.in/eu6j5JXW

The Finch team is at 𝗔𝗦𝗣𝗣𝗔 𝗔𝗻𝗻𝘂𝗮𝗹 𝟮𝟬𝟮𝟰 in Orlando this week. Sean, Spencer, Kasper, Gayathri, Jeremy, and Michelle are onsite to discuss how our unified API simplifies data connectivity for retirement plans. Stop by 𝗕𝗼𝗼𝘁𝗵 𝟮𝟭𝟭 and say hi! And don't miss out on: 🤩 𝗢𝘂𝗿 𝗢𝘂𝗿𝗮 𝗥𝗶𝗻𝗴 𝗥𝗮𝗳𝗳𝗹𝗲: Stop by our booth for a chance to win an Oura Ring. 🥂 𝗙𝗶𝗻𝗰𝗵 𝗛𝗮𝗽𝗽𝘆 𝗛𝗼𝘂𝗿: Join us for food and drinks at ICEBAR Orlando tonight (Mon, Oct 21st), from 5-7 pm EST. It's the perfect opportunity to network and unwind after a day of learning and insights. Grab a ticket from our booth or one of our team members on the floor! #ASPPAAnnual #RetirementIndustry

Managing health benefits shouldn’t be a financial burden for employers or a hassle for employees. That’s why the Individual Coverage Health Reimbursement Arrangement (ICHRA), introduced in 2020, is quickly becoming a go-to solution for affordable, employer-sponsored health plans. ICHRAs allow employees to choose personalized health insurance, while enabling employers to control costs effectively. ⚠️ But administering ICHRAs can get tricky with payroll contributions and deductions that change every month. To simplify this process, ICHRA providers are turning to bidirectional payroll integrations. These integrations offer two-way access to employers’ payroll systems, automating reimbursements and deductions for a more streamlined experience. Discover how payroll integrations empower ICHRA providers to manage contributions with ease, freeing up resources and enhancing the employee experience.

📢 We’re thrilled to announce our partnership with PensionPro, a leading provider of retirement plan administration technology used by hundreds of TPAs and 401(k) recordkeepers. Together, we’ll transform how TPAs and recordkeepers access and manage sponsor data across 200,000+ plans, making the process more efficient and secure. “Accurate payroll data is critical to TPAs and this partnership gives them an automated solution for acquiring that data for their administrative workflows. Finch has a great product and relationships with a large number of payroll providers that will power efficiency for PensionPro customers.” - Darren Conner, COO, PensionPro For years, TPAs have struggled with manual processes and SFTP transfers, which aren't scalable. With the surge in new plans under SECURE Act 2.0, the need for automated solutions is more critical than ever. Finch Connect streamlines this process by allowing TPAs to automatically pull payroll and census data directly from employers' systems, reducing manual work and the risk of errors. Sponsors can connect in just 30 seconds, eliminating the hassle of IDs, data divisions, or manual field mapping. This partnership offers TPAs a reliable, scalable way to manage data while reducing compliance risks and easing the burden for sponsors. Read the full story behind the Finch and PensionPro partnership. https://lnkd.in/gf4uySgm

Are you attending 𝗔𝗦𝗣𝗣𝗔 𝗔𝗻𝗻𝘂𝗮𝗹 𝟮𝟬𝟮𝟰 in Orlando next week? We're excited to connect with retirement industry leaders and discuss how Finch's payroll integrations can streamline your plan administration and enhance the sponsor experience. 🤝 𝗩𝗶𝘀𝗶𝘁 𝘂𝘀 𝗮𝘁 𝗕𝗼𝗼𝘁𝗵 𝟮𝟭𝟭: Meet the Finch team (Kasper, Spencer, Sean, Michelle, Gayathri, and Jeremy) and learn how our unified API simplifies data connectivity for retirement plans. 🤩 𝗘𝗻𝘁𝗲𝗿 𝗼𝘂𝗿 𝗢𝘂𝗿𝗮 𝗥𝗶𝗻𝗴 𝗥𝗮𝗳𝗳𝗹𝗲: Stop by our booth for a chance to win an Oura Ring. 🥂 𝗙𝗶𝗻𝗰𝗵 𝗛𝗮𝗽𝗽𝘆 𝗛𝗼𝘂𝗿: Join us for food and drinks at ICEBAR Orlando on Monday, October 21st, from 5-7 pm EST. It's the perfect opportunity to network and unwind after a day of learning and insights. Grab a ticket from our booth or one of our team members on the floor! We look forward to seeing you there!

In today’s connected business environment, HRIS and payroll systems form the foundation of every thriving organization. They serve as the central hub for all HR and financial operations, managing everything from employee onboarding and salary changes to benefits administration. For any application that interacts with employee data, maintaining seamless connectivity with these systems of record is crucial. When HRIS and payroll data is updated, downstream systems must stay in sync to ensure accuracy and efficiency. The numbers speak for themselves: ✦ 97% of HR admins agree that employment system integrations are important. ✦ 84% say they're very important. Without these integrations, employers are left to manually update and maintain multiple systems, leading to wasted time, increased errors, and frustrated employees. Offering a seamless, integrated experience is essential. If your application doesn't support the necessary HRIS and payroll integrations, you risk losing potential customers and hindering your business growth.