DoubleNet Pay Launches App to Help Employees Save

March 31, 2015

5:00 pm

Atlanta-based company DoubleNet Pay launched a financial wellness app in the ADP Marketplace that fully integrates with employer payroll providers to pay employees’ bills and fund savings plans.

DoubleNet Pay automatically tracks and pays employees’ bills around their paycheck cycles, leaving them with an exact amount for discretionary spending. It also lets employees create a plan for financial balance by setting aside savings based on personal goals.

“For too many employees, the common paycheck cycle is a recurring pattern of spending with no clear idea of a budget or discretionary funds. This, in turn, leads to shortfalls, borrowing, late fees, overdraft charges, damaged credit ratings and lack of savings.  Financially healthy employees are less stressed and more productive, and better able to adequately prepare for their retirement,” said DoubleNet Pay cofounder and CEO Brian Cosgray.

Basically, DoubleNet Pay wants to helps reduce financial emergencies caused by unexpected bills and “too much month left at the end of the money.” According to Business Insider, nearly half of American households don’t save any of their money.

The announcement of this integration with the ADP Marketplace means that DoubleNet Pay’s users have a seamless experience when managing bills and payrolls. ADP Marketplace gives clients, partner companies, and application developers access to its application programming interfaces (APIs) through a secure cloud platform. By accessing ADP’s APIs, companies can enhance data-sharing capabilities across their enterprise applications with a single set of workforce data.

“The DoubleNet Pay app fits perfectly with our goal to offer easy-to-use tools that simplify tasks while adding value, said Don Weinstein, Senior Vice President, Product Management, ADP.

 

Image Credit: GotCredit on Flickr

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Camila has been heavily active in South Florida’s tech startup community, where she is a co-host of a local radio show called pFunkcast. Camila previously worked at Greenpeace International and the Organization of the Prohibition of Chemical Weapons (OPCW) in various communication roles. A proud Brazilian who spent most of he life in Peru, she is passionate about traveling and documentaries.

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