Dayforce Wallet Surpasses $4B in Payroll Delivered
Dayforce, Inc. (NYSE: DAY; TSX: DAY) has announced a significant milestone for its Dayforce Wallet, an on-demand pay solution. The wallet has delivered over $4 billion in payroll globally through on-demand pay, early direct deposit, and paycard services. This achievement highlights the growing adoption of flexible payment solutions in the modern workforce.
Dayforce Wallet, integrated into the Dayforce Payroll system, offers real-time accuracy and compliance with local regulations. It provides employees with greater financial control while helping employers attract and retain talent. The solution has been particularly impactful for frontline workers, with 8 in 10 considering financial wellness benefits crucial.
As of June 30, 2024, over 1,270 customers were using Dayforce Wallet, including notable companies like Caleres, Danone North America, and The Budd Group. The company will showcase this innovation at its annual Dayforce Discover global customer conference in Las Vegas this November.
Dayforce, Inc. (NYSE: DAY; TSX: DAY) ha annunciato un traguardo significativo per il suo Dayforce Wallet, una soluzione per il pagamento on-demand. Il portafoglio ha gestito oltre 4 miliardi di dollari in buste paga a livello globale attraverso pagamenti on-demand, depositi diretti anticipati e servizi di paycard. Questo risultato sottolinea l'adozione crescente di soluzioni di pagamento flessibili nella forza lavoro moderna.
Dayforce Wallet, integrato nel sistema di buste paga Dayforce, offre precisione in tempo reale e conformità con le normative locali. Fornisce ai dipendenti un maggiore controllo finanziario, aiutando nel contempo i datori di lavoro ad attrarre e mantenere talenti. La soluzione è stata particolarmente efficace per i lavoratori in prima linea, con 8 su 10 che considerano i vantaggi del benessere finanziario come cruciali.
Alla data del 30 giugno 2024, oltre 1.270 clienti stavano utilizzando il Dayforce Wallet, comprese aziende note come Caleres, Danone North America e The Budd Group. L'azienda presenterà questa innovazione alla sua conferenza annuale Dayforce Discover per i clienti globali a Las Vegas questo novembre.
Dayforce, Inc. (NYSE: DAY; TSX: DAY) ha anunciado un hito significativo para su Dayforce Wallet, una solución de pago a demanda. La billetera ha entregado más de 4 mil millones de dólares en nómina a nivel mundial a través de pagos a demanda, depósitos directos anticipados y servicios de tarjeta de pago. Este logro destaca la creciente adopción de soluciones de pago flexibles en la fuerza laboral moderna.
Dayforce Wallet, integrado en el sistema de nómina Dayforce, ofrece precisión y cumplimiento en tiempo real con las regulaciones locales. Proporciona a los empleados un mayor control financiero, mientras ayuda a los empleadores a atraer y retener talento. La solución ha sido particularmente impactante para los trabajadores de primera línea, con 8 de 10 considerando los beneficios de bienestar financiero como cruciales.
Al 30 de junio de 2024, más de 1,270 clientes estaban utilizando Dayforce Wallet, incluidas empresas destacadas como Caleres, Danone North America y The Budd Group. La compañía mostrará esta innovación en su conferencia anual Dayforce Discover para clientes globales en Las Vegas este noviembre.
Dayforce, Inc. (NYSE: DAY; TSX: DAY)은 Dayforce Wallet에서 중요한 이정표를 발표했습니다. 이는 온디맨드 지급 솔루션입니다. 이 지갑은 전 세계적으로 40억 달러 이상의 급여를 지급했습니다. 온디맨드 지급, 조기 직접 입금 및 급여 카드 서비스를 통해 이룬 성과입니다. 이 성취는 현대 노동력에서 유연한 지급 솔루션의 채택이 증가하고 있음을 강조합니다.
Dayforce Payroll 시스템에 통합된 Dayforce Wallet은 실시간 정확성과 규정 준수를 제공합니다. 이를 통해 직원들은 더 큰 재정적 통제를 가질 수 있으며, 고용주가 인재를 유치하고 유지하는 데 도움을 줍니다. 이 솔루션은 특히 최전선 근로자에게 영향을 미쳤으며, 10명 중 8명은 재정적 웰빙 혜택이 필수적이라고 생각합니다.
2024년 6월 30일 기준으로 1,270명 이상의 고객이 Dayforce Wallet을 사용하고 있습니다, Caleres, Danone North America 및 The Budd Group과 같은 주목할 만한 회사들이 포함되어 있습니다. 이 회사는 이번 11월 라스베이거스에서 열리는 연례 Dayforce Discover 글로벌 고객 회의에서 이 혁신을 선보일 것입니다.
Dayforce, Inc. (NYSE: DAY; TSX: DAY) a annoncé une étape significative pour son Dayforce Wallet, une solution de paiement à la demande. Le portefeuille a géré plus de 4 milliards de dollars en salaires à l'échelle mondiale grâce au paiement à la demande, au dépôt direct anticipé et aux services de carte de paiement. Cette réussite met en évidence l'adoption croissante des solutions de paiement flexibles dans le monde du travail moderne.
Dayforce Wallet, intégré au système de paie Dayforce, offre une précision et une conformité en temps réel avec les réglementations locales. Il permet aux employés de bénéficier d'un meilleur contrôle financier tout en aidant les employeurs à attirer et à retenir les talents. La solution a particulièrement eu un impact sur les travailleurs de première ligne, 8 sur 10 considérant les avantages en matière de bien-être financier comme cruciaux.
Au 30 juin 2024, plus de 1 270 clients utilisaient le Dayforce Wallet, y compris des entreprises notables telles que Caleres, Danone North America et The Budd Group. L'entreprise présentera cette innovation lors de sa conférence annuelle Dayforce Discover pour les clients mondiaux à Las Vegas en novembre prochain.
Dayforce, Inc. (NYSE: DAY; TSX: DAY) hat einen bedeutenden Meilenstein für ihr Dayforce Wallet, eine On-Demand-Zahlungslösung, bekannt gegeben. Die Brieftasche hat weltweit über 4 Milliarden Dollar an Löhnen ausgezahlt durch On-Demand-Zahlungen, vorzeitige Direktzahlungen und Paycard-Dienste. Dieser Erfolg hebt die wachsende Akzeptanz flexibler Zahlungsmöglichkeiten in der modernen Arbeitswelt hervor.
Das Dayforce Wallet, das in das Dayforce Payroll-System integriert ist, bietet Echtzeitgenauigkeit und Konformität mit lokalen Vorschriften. Es gibt den Mitarbeitern mehr finanzielle Kontrolle und hilft den Arbeitgebern dabei, Talente anzuziehen und zu halten. Die Lösung hat sich insbesondere für Frontmitarbeiter als wirkungsvoll erwiesen, da 8 von 10 finanzielle Wellness-Leistungen als entscheidend erachten.
Bis zum 30. Juni 2024 nutzen über 1.270 Kunden das Dayforce Wallet, darunter namhafte Unternehmen wie Caleres, Danone North America und The Budd Group. Das Unternehmen wird diese Innovation auf seiner jährlichen Dayforce Discover Global Customer Conference im November in Las Vegas vorstellen.
- Dayforce Wallet has delivered over $4 billion in payroll globally
- Over 1,270 customers were live on Dayforce Wallet as of June 30, 2024
- The solution helps employers attract talent and boost retention
- Dayforce Wallet offers real-time accuracy and compliance with local market regulations
- None.
Insights
The milestone of
From an investor's perspective, this milestone is particularly noteworthy for several reasons:
- Market Validation: The
$4 billion figure demonstrates strong market acceptance of Dayforce Wallet, validating Dayforce's strategy in the competitive HCM landscape. - Revenue Potential: While specific revenue figures aren't provided, the substantial volume suggests a growing revenue stream for Dayforce from this product line.
- Competitive Advantage: The integration with Dayforce's single-data architecture provides a unique selling point, potentially strengthening the company's market position.
- Customer Acquisition and Retention: With over 1,270 customers live on Dayforce Wallet as of June 30, 2024, the product appears to be a strong driver for both new customer acquisition and existing customer retention.
However, investors should also consider potential challenges:
- Regulatory Scrutiny: As on-demand pay solutions grow, they may face increased regulatory oversight, which could impact future growth and profitability.
- Market Saturation: The success of Dayforce Wallet may attract more competitors to the space, potentially squeezing margins in the future.
- Integration Costs: While beneficial for customers, the deep integration with Dayforce's platform may require ongoing investment to maintain and enhance the product.
Overall, this milestone suggests Dayforce is well-positioned in the evolving payroll technology market, but investors should monitor how this translates to financial performance in upcoming earnings reports.
The
- Employee Experience Focus: The rapid adoption of Dayforce Wallet aligns with the growing emphasis on enhancing employee experience, particularly for frontline workers who often face financial stress.
- Talent Attraction and Retention: As highlighted by the Aaron's case study, on-demand pay is becoming a differentiator in talent acquisition and retention strategies, especially in competitive labor markets.
- Integration of Financial Wellness into HCM: This milestone indicates a trend towards more holistic HCM solutions that incorporate financial wellness tools directly into core HR and payroll systems.
- Compliance and Risk Management: Dayforce's emphasis on real-time accuracy and compliance with local market regulations addresses a critical concern for multinational organizations managing global workforces.
For investors in the HR technology space, this trend signals potential shifts in market dynamics:
- Product Differentiation: HCM providers without robust on-demand pay solutions may face pressure to develop or acquire similar capabilities to remain competitive.
- Market Expansion: The global footprint of Dayforce Wallet (US, Canada, UK) suggests opportunities for further international expansion in the on-demand pay market.
- Ecosystem Development: The success of Dayforce Wallet may spur the development of additional financial wellness tools and integrations within HCM platforms.
While the
MINNEAPOLIS and TORONTO, July 31, 2024 (GLOBE NEWSWIRE) -- Dayforce, Inc. (NYSE: DAY; TSX: DAY), a global human capital management (HCM) leader that makes work life better, today announced a new milestone for its award-winning on-demand pay solution, Dayforce Wallet. Across the solution’s global footprint, more than
In today’s boundless workforce, organizations face the challenge of balancing employee expectations with budget realities and operational administration. To appeal to the modern workforce, employers need high-impact solutions that carry low costs and are easily implemented.
As an extension of Dayforce Payroll, Dayforce Wallet addresses these critical needs through scalable, on-demand pay. The solution gives employees greater control over their finances, while helping employers attract talent and boost retention. Uniquely built directly into the Dayforce platform’s single-data architecture, its continuous calculation engine offers real-time accuracy and compliance with local market regulations.
“Dayforce Wallet has proven to be a strategic asset for our customers, keeping organizations at the forefront of payroll innovation and enhancing the financial wellness of workers,” said Erik Zimmer, EVP, Corporate Development and Strategic Ventures, Dayforce, Inc. “Today’s announcement validates the continued adoption of Dayforce Wallet and the value it brings to the Dayforce community. It is truly a win-win for everyone involved and we are excited to see the continued momentum in the marketplace for this unique product.”
While beneficial for all workers, on-demand pay can be the key to empowering frontline workforces. According to a recent global Dayforce report, 8 in 10 frontline workers consider financial wellness benefits very or extremely important, but just over half feel they’re provided with ample financial wellness benefits. Organizations that include Dayforce Wallet in their benefits package position themselves as an employer of choice and demonstrate to their workforce they care about employees’ wellbeing.
“We added Dayforce Wallet to our employee benefits package, and people across the organization have responded incredibly favorably,” said Michael Reese, Payroll Director, Aaron’s. “Our retail frontline workers appreciate the ability to see their earned wages after each shift and the freedom to manage their money how and when they want. Dayforce Wallet has been a differentiator for us as a retention tool in today’s competitive job market, showing our employees we care about their financial wellbeing.”
Dayforce Wallet is trusted by customers across the United States, Canada, and United Kingdom, including Caleres, Danone North America, and The Budd Group. As of June 30, 2024, over 1,270 customers were live on Dayforce Wallet.
On November 11-14 at Wynn Las Vegas, Dayforce will host its annual Dayforce Discover global customer conference where attendees will learn how to improve, change, optimize, and build their workforce through modern innovations, including Dayforce Wallet.
Additional information:
- Learn more about Dayforce Wallet and how it drives value for organizations and their people: https://www.dayforce.com/how-we-help/dayforce/pay-accurately-and-efficiently/dayforce-wallet
- Register for Dayforce Discover: https://discover.dayforce.com/
About Dayforce
Dayforce makes work life better. Everything we do as a global leader in HCM technology is focused on improving work for thousands of customers and millions of employees around the world. Our single, global people platform for HR, payroll, talent, workforce management, and benefits equips Dayforce customers to unlock their full workforce potential and operate with confidence. To learn how Dayforce helps create quantifiable value for organizations of all sizes and industries, visit dayforce.com.
Media Contact
Allison Hacker
+1 425-785-8276
allison.hacker@dayforce.com
1 As of July 2024
FAQ
How much payroll has Dayforce Wallet delivered as of July 31, 2024?
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