Emergency savings is the most important financial priority for most Americans. Nearly 90% say they would be likely to participate in an emergency savings program if their employer offered one. Already, we have been able to achieve a 45% attach rate with fully deployed employers using SecureSave, showing how universally popular the solution is. Even better, people are really saving and making a positive impact on their financial lives.
But a huge barrier to making emergency savings a success has been helping overtaxed and under resourced HR teams lives easier. When we started building SecureSave, we wanted to ensure our platform was the easiest and most automated tool HR and benefit teams used. We have always designed our platform with the principal of high impact / low effort in mind.
Today, we make a huge step forward in that direction with the release of Payroll Connect, our payroll integration feature. Payroll Connect provides connectivity to dozens of the nation’s leading payroll systems, and makes the process of managing SecureSave for HR and benefit teams nearly automatic. Payroll Connect does two major things:
With Payroll Connect, we remove the biggest burden for HR teams to deploy and manage emergency savings programs. We also continue to set a high bar and lead the industry with what emergency savings programs should include.
This is also a further step that demonstrates how our team at SecureSave is leading the way on emergency savings. No other provider has a feature like Payroll Connect, or the ability to automate the administrative tasks across so many payroll systems. We have so much more in store over the coming months, but today, we are excited to introduce this important capability and demonstrate our commitment to our mission to helping people feel and be financially secure.