Kronos Partners with Even to Add Comprehensive Financial Wellness Tools to Workforce Dimensions Marketplace
OAKLAND, Calif. & LOWELL, Mass.--(BUSINESS WIRE)--Oct 11, 2018--Today, Even and Kronos Incorporated, a leading provider of workforce management and human capital management cloud solutions, announced Even’s partnership with Kronos to add its comprehensive financial wellness app to the Workforce Dimensions Marketplace. Through this partnership, businesses that use Workforce Dimensions can easily offer the Even financial wellness app to their employees. With Even, Workforce Dimensions will help millions of users budget, save, and safely resolve cash flow emergencies, with the ultimate goal of breaking the paycheck to paycheck cycle.
Nearly 20 percent of Americans don’t save any of their annual income, while another 21 percent only save five percent or less. As the cost of living continues to rise and wages remain stagnant, there’s a widespread need for resources to help people take control of their finances and set themselves up for future success.
“Our mission is to end the paycheck-to-paycheck cycle, and this partnership will enable millions of people who work at companies that use Kronos for scheduling and payroll to better budget their earnings every pay period,” said Jon Schlossberg, CEO and co-Founder of Even. “Kronos makes it easy for organizations to empower employees to take control of their work-life balance. By integrating with Even, those same organizations can provide another powerful tool to help employees better manage one of the most challenging balances of their lives: their money.”
Even integrates with time and attendance, payroll, and banking systems to understand and directly improve the full picture of financial health:Instantly budgets so you know how much is okay to spend Safely solves cash flow problems with Instapay on-demand access to wages Automatically saves money to make progress towards goals
Together, these core products decrease accidental overspending, eliminate the cost of interest and loans, and help users build savings. Even is also FDIC insured and takes rigorous measures to ensure its system is completely secure, using 256-bit end-to-end encryption and undergoing regular security and privacy audits by some of the nation’s largest employers.
Key to the integration with Workforce Dimensions, the Even’s Schedule and Earnings product allows users to easily view their upcoming shift schedules as well as review how much they’ve earned during previous shifts. These schedules are directly linked to Kronos time management and automatically appear in the user-friendly Even app as managers add shifts to a user’s schedule. Users can review their shifts and earned wages simply by tapping on the Earn tab within the Even app.
Workforce Dimensions is a next-generation workforce management solution from Kronos. The solution makes it quick and simple for customers to extend the value of their Kronos investment with tightly integrated partner applications, such as Even, through the Kronos D5 platform’s leading open API framework.
“Workforce Dimensions is built on a completely open and extensible platform, enabling innovative integrations with partners such as Even that empower employees with real-time access to data in ways that simply were not possible before,” said Michael May, Senior Director of the Workforce Dimensions Technology Partner Program at Kronos. “Even’s intuitive, easy-to-use application will provide Workforce Dimensions customers with a powerful financial wellness application that can further support employee engagement while maximizing the value of their Kronos investment.”
Even is a mission-driven technology company working to end the paycheck-to-paycheck cycle. The company’s technology integrates with attendance, payroll, and banking systems to create innovative products that address the core components of financial health. The company was founded by former Instagram and Google engineers, and is headquartered in Oakland, California. Additional information at www.even.com.
About Kronos Incorporated
Kronos is a leading provider of workforce management and human capital management cloud solutions. Kronos industry-centric workforce applications are purpose-built for businesses, healthcare providers, educational institutions, and government agencies of all sizes. Tens of thousands of organizations — including half of the Fortune 1000® — and more than 40 million people in over 100 countries use Kronos every day. Visit www.kronos.com. Kronos: Workforce Innovation That Works.
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PUB: 10/11/2018 11:00 AM/DISC: 10/11/2018 11:01 AM