Formal Sector Employers
Sometimes emergency hits and your staff need a loan.
Enable workplace advances.
Ensure responsible loans.
Keep your workforce away from unscrupulous lenders.
Formal Sector Employers
We empower your workers to improve their lives by providing advance access to their salary on an as earned and as needed basis, to reduce their reliance on money lenders.
We enable businesses to help employees eliminate their financial stress, improve their cash flows, and avoid paying massive interest to dangerous lenders.
Facts
01
Provides Early Access to Earnings on an as earned basis.
02
Employer is able to manage and view all loans and help employees in trouble.
Differentiating Factors
Taking the pain away
Employee workplace advances that the employer can manage and ensure sustainability by employees.
Our Customers
Successful organisations in South Africa.
Formal sector staff who get access to their earnings as soon as they earn them.
Responsible advances
Happier employees and an efficient, manageable system for the business, convenience and transparency of a mobile app to manage advances for the staff.
Features
Payroll Staff
Set monthly limits of advances per employee. Get notification of and approve each loan request to ensure sustainability by the employee and offer counselling if required.
Mobile App
Employee can view amounts available for advances and transfer to various accounts including bank accounts, retail store and cardless cash at ATM.
Payroll Admin
Manage all advance requests and approval of advances from our online administration solution.
One Payment
Organisation makes ONE monthly payment for all advances at the end of each month.
Why Choose Us
Employee's
- Instant access to earned salaries in a month
- Full transparency
- Advances as needed
- Pay bills
- Transfer to bank
- Draw cash at recognized vendors
- No need for expensive or risky loans.
- No surety needed
- MFA to protect earnings
Employers
- Happier staff
- One payment at end of month
- Full transparency, can see all advance activity
- No direct loan requests
- Easily identify and assist employees in trouble
advanceX EWA
Benefits
Financial Relief
By providing early access to earnings, advanceX EWA helps employees avoid high-interest loans and manage their finances more effectively.
Easy to administer
Loans provided are deducted from the next payroll run to ensure quick and easy access.
Satisfaction
The system ensures that all staff members are treated equitably and have access to their earned funds promptly, leading to increased employee satisfaction and retention.
Application
Employees
Advances, transfers, payments, reporting
Employer
Setup and reporting