Access EarlyPay keeps you in control - you decide who can use the service and the amount you allow to be drawn down. You can also disable the service for specific employees if you think it's not appropriate for them.
As part of Access EarlyPay's integration with your payroll or time and attendance system, new employees will be automatically visible in EarlyPay. You can then choose to enable or disable the service for joiners and leavers.
Nothing needs to change in terms of your payroll process. EarlyPay integrates with your payroll timelines, defining when the app cannot be used due to payroll reconciliation. Any EarlyPay transactions appear as deductions in your payroll system.
There are two types of cap - the percentage of accrued earnings, and the absolute amount of earnings employees can draw down. The amount available to draw down will be the lower value of these two caps.
As Access EarlyPay is directly linked to your payroll or time and attendance system, every transaction and associated fee is posted in real time to your payroll system as a deduction and is clearly identified. So when it is time to run the payroll all transactions will have been reflected in the individual employee's monthly pay.
How does EarlyPay work with variable hours workers?
The software provider takes the transaction fee. Money taken by employees before the normal pay date is funded by the software provider. Fees cover the cost of finance, software licence, infrastructure, and transaction processing costs.
Access EarlyPay is designed to help people manage their finances. We make it clear to users that any transaction means these funds will no longer be available on the normal pay day. We also link to the Money Advice Trust, which provides independent expert financial guidance.
Access EarlyPay clearly advises users that taking money early means it will not be available on the normal payday. You retain control over which staff have access to the EarlyPay facility - and you can set limits on how much can be drawn down.
Access EarlyPay software is designed to be installed fast, in just a matter of hours. Once Access has completed the background account set-up, we will walk you through the system. The app itself takes moments to set up and is highly intuitive for users requiring no training. The admin console is extremely straightforward and training is negligible. We also provide a full tool kit of staff communication templates and will guide you through the roll out process.