Payroll in the news 5-31-2023
good day folks. Today is Wednesday, May 31st, 2023. I'm Brian Escobar and this is Payroll in the News. Our first story, x t m, Inc. A Miami and Toronto based FinTech creator of disruptive payment Solutions, specifically geared towards service industries, announces its intent to acquire Qras Inc.
A prepaid payments issuer processor, and one of the first vertically integrated provider of earned wage access. They have operations in the US and the uk. An earned wage. Earned wage access is basically on demand payments. And this is the term that we've we've created for that. On demand payment solution is earned wage access.
Very popular trending across the world, built on its own world class issuer processor platform, QRAS. Their flagship product is called Any Day. It's currently white labeled for some of the largest HR and payroll solution providers in the world, and is fully integrated to multiple payroll and time and attendance systems, providing workers with a real-time access to available wages.
Company reps at Xtm State that qras vertically integrated earned wage access solution, along with the state-of-the-art processing and issuing platform will be accelerated into the market with the strength of XT M'S. Team and successful track record look out for more updates as this, deal is still in negotiations.
Our second story is about Expensify. Expensify is a payment super app that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards, bills, invoices, and of course, payroll announced its latest feature, Expensify Chat. This will improve communication efficiency for accountants and their clients.
The outdated model of using separate apps for tracking tasks, communication, and payments, has created a less than optimal experience that does not meet the needs of modern workflows. Says C E O. David Barrett, the founder of Expensify. This is the problem that affects all industries, but especially accountants.
And it's is something Expensify is excited to solve with Expensify Chats. Kudos. It's not chat. C b T by the way, folks, they're, what they're referring to is being able to stay in the app in a secured environment and dealing with whatever reporting or backup you might need for your accountant.
Always needs something very sensitive in nature. So they need a, platform to share this data in a secure environment. So kudos to Expensify for adding that chat feature. It goes beyond the chat I've read. You know, when you read deeper, it is to be able to ex share documents as well.
So that's a great feature to have for your clients within a secured accounting app. Now the last story is a bit of fun. You know, Montana is down with payroll tech, but not TikTok tech, . There's a county in Montana that quickly implemented Central Square solution to simplify finance and payroll processes.
With the Central Square Finance Enterprise Solution finance directors can replace burdensome paperwork with fully configurable and automated workflows to help drive efficiency within their teams while benefiting from a faster and easier installation. And a broader accessibility in the cloud, of course, right?
We need everything in the cloud. We need things to be automated. So kudos to Montana for the payroll tech, but watch out for that TikTok tech. And that's it for today, folks, thanks for listening to Payroll in the News for May 31st, 2023. Brought to you by, it's about payroll.
A prepaid payments issuer processor, and one of the first vertically integrated provider of earned wage access. They have operations in the US and the uk. An earned wage. Earned wage access is basically on demand payments. And this is the term that we've we've created for that. On demand payment solution is earned wage access.
Very popular trending across the world, built on its own world class issuer processor platform, QRAS. Their flagship product is called Any Day. It's currently white labeled for some of the largest HR and payroll solution providers in the world, and is fully integrated to multiple payroll and time and attendance systems, providing workers with a real-time access to available wages.
Company reps at Xtm State that qras vertically integrated earned wage access solution, along with the state-of-the-art processing and issuing platform will be accelerated into the market with the strength of XT M'S. Team and successful track record look out for more updates as this, deal is still in negotiations.
Our second story is about Expensify. Expensify is a payment super app that helps individuals and businesses around the world simplify the way they manage money across expenses, corporate cards, bills, invoices, and of course, payroll announced its latest feature, Expensify Chat. This will improve communication efficiency for accountants and their clients.
The outdated model of using separate apps for tracking tasks, communication, and payments, has created a less than optimal experience that does not meet the needs of modern workflows. Says C E O. David Barrett, the founder of Expensify. This is the problem that affects all industries, but especially accountants.
And it's is something Expensify is excited to solve with Expensify Chats. Kudos. It's not chat. C b T by the way, folks, they're, what they're referring to is being able to stay in the app in a secured environment and dealing with whatever reporting or backup you might need for your accountant.
Always needs something very sensitive in nature. So they need a, platform to share this data in a secure environment. So kudos to Expensify for adding that chat feature. It goes beyond the chat I've read. You know, when you read deeper, it is to be able to ex share documents as well.
So that's a great feature to have for your clients within a secured accounting app. Now the last story is a bit of fun. You know, Montana is down with payroll tech, but not TikTok tech, . There's a county in Montana that quickly implemented Central Square solution to simplify finance and payroll processes.
With the Central Square Finance Enterprise Solution finance directors can replace burdensome paperwork with fully configurable and automated workflows to help drive efficiency within their teams while benefiting from a faster and easier installation. And a broader accessibility in the cloud, of course, right?
We need everything in the cloud. We need things to be automated. So kudos to Montana for the payroll tech, but watch out for that TikTok tech. And that's it for today, folks, thanks for listening to Payroll in the News for May 31st, 2023. Brought to you by, it's about payroll.
