Company
Date Published
Author
Kiera Blessing
Word count
1334
Language
English
Hacker News points
None

Summary

Saveday, a zero-employer cost 401(k) provider, has leveraged Finch's Unified Employment API to significantly enhance its operational efficiency and service delivery by integrating with 40 payroll providers. This transition from manual processes to automated integrations has drastically reduced onboarding time from five hours to under 15 minutes and made payroll processing instantaneous, saving the company substantial time and money while reducing compliance issues. The integration allows for seamless data management and bidirectional communication with sponsors' payroll systems, eliminating manual errors and ensuring accurate and timely updates to employee data. This approach has enabled Saveday to offer simplified investment portfolios to small and medium-sized businesses, making retirement plans more accessible and affordable. The company plans to expand its market coverage further and aims to make retirement benefits more accessible to the millions of Americans currently without a plan, supported by the scalable and efficient integration capabilities provided by Finch.