Alight Announces Launch of Payment Services
Alight, Inc. (NYSE: ALIT) has launched Alight Payment Services, enhancing its payroll solutions for global companies. This new offering simplifies the payroll and payments process, enabling organizations to manage transactions in over 140 currencies without maintaining in-country bank accounts. Key features include single currency settlement, full track-and-trace capabilities for global payments, and streamlined reporting for payroll administration. This initiative aims to address the challenges faced by global companies in payroll management and enhance efficiency.
- Launch of Alight Payment Services enhances offerings and addresses global payroll challenges.
- Service supports transactions in over 140 currencies, simplifying payment processes.
- Key features include track-and-trace capabilities and streamlined reporting for payroll.
- None.
New global offering deepens Alight Payroll solutions portfolio
Alight Payment Services, powered by Ebury, is a new offering available to organizations looking to streamline their payroll processes, control costs and reduce the administrative burden of global bank transaction management.
“Knowing the hurdles global companies face when it comes to payroll and payments, we’re thrilled to offer a technology platform that alleviates that burden and simplifies procedures for them,” said Cesar Jelvez, chief professional services and global payroll officer at Alight. “Alight Payment Services adds to our already-strong global payroll capabilities and allows us to continue to help organizations streamline their payment processes in a seamless way to increase efficiency.”
“We are delighted to be powering Alight’s new Payment Services solution. Our market-leading platform will support Alight in providing their international client-base with reliable, fast payments across multiple currencies,” said
Key features of Alight Payment Services:
- Simplified global payment processing: The solution is available in more than 140 currencies and can be managed without having to maintain in-country bank accounts.
- Single currency settlement: Works for multi-country employee deposits and third-party payments such as those made by tax and regulatory agencies and employee benefit providers.
- Global payroll enhancements: Payment Services provides full track-and-trace capabilities for status reporting on global payments and transactions while maintaining accuracy, compliance and secure payment delivery.
- Streamlined reporting: Complete bank reconciliations that save time on payroll administration and integrate with payroll and ERP systems.
To learn more, please visit alight.com.
About Alight Solutions
Alight is a leading cloud-based human capital technology and services provider that powers confident health, wealth and wellbeing decisions for 36 million people and dependents. Our Alight Worklife® platform combines data and analytics with a simple, seamless user experience. Supported by our global delivery capabilities, Alight Worklife is transforming the employee experience for people around the world. With personalized, data-driven health, wealth, pay and wellbeing insights, Alight brings people the security of better outcomes and peace of mind throughout life’s big moments and most important decisions. Learn how Alight unlocks growth for organizations of all sizes at alight.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220823005047/en/
Media contact:
mariana.fischbach@alight.com
Source: Alight Solutions
FAQ
What is Alight Payment Services launched by Alight (ALIT)?
How many currencies does Alight Payment Services support?
What are the key features of Alight Payment Services?
When was Alight Payment Services announced?
