Consequently, the employees of Smartree customers will be able to choose the day when they want to receive a salary advance, with no related fees or interest.
Through the HR MyStaff technology platform, a modular software solution developed by Smartree, over 100,000 employees will be able to have instant access to their salary for the days they have already worked, anytime and from anywhere. This will be possible by performing a few simple operations, due to the integration of Salarium with the MyStaff app. Thus, Smartree customers will be able to benefit from support in granting the salary advance, without any other interventions in the internal processes or their monthly financial turnover.
In addition to facilitating the access to an extra-salary benefit, implementing the Salarium solution within the services offered by Smartree aims to create a positive impact on the lives of employees who will gain more freedom in managing their income.
Currently, over 15% of Smartree customers pay salaries in two monthly instalments, but most client companies provide on-demand advances to employees who request payment during the month, before the salary date.
The integration of new technologies contributes to the efficiency and automation of a large number of repetitive flows and activities within the HR department. Smartree supports HR professionals with new solutions that meet the market challenges and support the automation of payroll processes, personnel management, timekeeping, and other time and resource consuming processes. Also, through these services, Smartree facilitates the access of all employees to personal information, an approach that is supported by the new partnership with Salarium Fintech.