IRIS Software Group has collaborated with ZayZoon, an earned-wage access provider, to incorporate the latter’s tools into its payroll solutions, Payroll Relief and Swipeclock.

Payroll Relief caters to accountants, while Swipeclock is aimed at SME management services. The partnership intends to provide EWA and financial wellness resources to employees and organizations globally through these platforms, addressing growing expectations for improved financial well-being support.

Enhancing Employee Security and Flexibility

ZayZoon offers a US-based financial engagement platform for SMEs, allowing IRIS customers’ employees to access their earned wages before the scheduled payday. According to ZayZoon’s research, 73% of workers experience stress over everyday expenses as flexibility demands increase.

For businesses facing tight labor markets and rising costs, offering financial wellness benefits is now essential for competitiveness, says IRIS. The partnership with ZayZoon enables SMEs to attract and retain talent without extra costs by integrating valuable benefits into existing payroll processes.

Beyond EWA, employers can leverage ZayZoon’s suite of financial wellness tools, including a Perks Marketplace, personalized education modules, predictive budgeting insights, and real-time financial alerts. These features are crucial for reducing financial stress, with 80% of employees seeking more financial education.

ZayZoon states that this collaboration aligns with its mission to help workers avoid predatory fees and unnecessary bank charges by integrating EWA directly into payroll solutions. This approach provides flexible access to pay, reduces financial stress, and encourages retention, all while minimizing complexity for payroll teams.