Finch

Today's employment landscape is fragmented and complex. However, the future promises greater connectivity and integration among top players in HR tech, benefits, and fintech. The Finch team is thrilled to announce the launch of our inaugural Open Employment Ecosystem Market Map. This map features 225 companies across 15 categories and offers a comprehensive view of the open employment ecosystem. "Companies today use many applications to manage their workforce, leaving critical employee data scattered across systems of record and point solutions. While companies continue to choose best-of-breed tools for their specific needs, the lack of connectivity between these systems is a huge challenge—especially to and from payroll systems," said Alex Tran, Manager Director at General Catalyst.  "The vision of an Open Employment Ecosystem where data flows seamlessly is the primary reason we backed the Finch team, and we’re thrilled to see the first version of their market map feature other General Catalyst portfolio companies such as Awardco, Factorial, Gusto and Thatch." Whether you’re an employment application, payroll provider, investor, or just curious, check out our detailed map here: https://lnkd.in/e6RyTyUm  #HRtech #HR

Who should use assisted integrations? Because the data is refreshed weekly, assisted integrations aren’t a fit for every use case. For time-sensitive tasks, like deprovisioning employee access upon termination, the weeklong period between data refreshes is too long. But for processes that require access to data that coincides with payroll cycles (like retirement deductions) or data that rarely changes (like employee birthday or anniversary rewards), assisted integrations can provide the same benefits as their automated counterparts. Here are five examples to give you an idea of the kind of use cases that can be powered by assisted integrations:

The Finch recently attended SHRM24 in Chicago, where we joined more than 26,000 HR professionals in exploring the current human resources landscape. We met with dozens of attendees to discuss all things HR tech, including accessing employer data from HRIS and payroll systems for use cases like: ➾Employee benefits ➾Engagement and learning ➾Accounting and financial forecasting 🔗💡 Below are our top takeaways—including the biggest insights from our survey of nearly 200 HR professionals.  https://lnkd.in/eg2htreS

Exciting news! Exactera is boosting its R&D tax credit services with enhanced automation, security, and efficiency by teaming with Finch! 👉 Read the full release to learn how this upgrade streamlines payroll data retrieval and gets you on the road to maximizing your tax credits: https://lnkd.in/gGzP_TjQ #RDTaxCredits #FinTechAutomation

Overwhelmed by juggling multiple HR software products daily? Almost half (49%) of HR professionals use seven or more different software products daily to manage their workforce. These systems often can't communicate, leading to data inconsistencies and manual updates, which complicates getting a comprehensive overview. 💡 Payroll integrations offer a better solution. By streamlining pay, updating retirement benefits, and managing enrollments and deductions efficiently, payroll integrations enable faster, more accurate workflows. Our guide dives into payroll integrations, exploring common use cases, benefits, challenges, and best practices for building and maintaining them. https://lnkd.in/eJEHPBWn

🎉 We're thrilled to see Finch on this year's On Deck Top Companies List! Ansel Parikh (our co-founder) shared a little more about our journey. ⬇️

From offering a great return on your investment to making things easier for users, there’s a lot to like about unified APIs. Here’s a rundown of the most common benefits.

Finch's NYC team outing last night was a home run! We had 16+ people and their partners come together at Yankee Stadium to enjoy the game and each others' company. Grateful to let loose after an intense day of work with such a fun, high energy team! Tough to see the Yankees lose but the chicken buckets made the whole event a win. Thanks again Nathan Siebert for organizing and locking down great seats!

Tired of the complexities of HRIS and payroll data integration? 𝗙𝗶𝗻𝗰𝗵 𝗙𝗹𝗮𝘁𝗳𝗶𝗹𝗲 has you covered. Finch uses its existing integrations with leading HRIS and payroll providers to pull data directly from their systems. This data is then standardized through the Finch API and delivered by file to any single SFTP server you provide. Here’s how it works: 1. 𝗦𝗵𝗮𝗿𝗲 𝗮 𝗹𝗶𝗻𝗸: Simply log in to the Finch Dashboard to generate a Finch Connect link. You can then share this link with any employer to enable them to connect their HRIS or payroll system. 2. 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝗽𝗿𝗼𝘃𝗶𝗱𝗲𝗿��: Employers can then go through the Finch Connect process to authenticate as usual. Finch walks them through any nuances between providers. 3. 𝗥𝗲𝗰𝗲𝗶𝘃𝗲 𝗳𝗶𝗹𝗲𝘀: Each pay run, you’ll receive a file that is standardized across every provider. The file is delivered by SFTP, and contains all the information you could get through our API. ================================ 𝗚𝗲𝘁 𝘀𝘁𝗮𝗿𝘁𝗲𝗱 𝘄𝗶𝘁𝗵 𝗙𝗶𝗻𝗰𝗵 Offer your customers integrations to hundreds of HRIS and payroll systems all through a single integration with Finch’s Unified Employment API. #HR #HRTech #HumanResources

Introduced in 2020, the Individual Coverage Health Reimbursement Arrangement (ICHRA) is gaining traction as an affordable employer-sponsored health benefit. ICHRAs offer employees personalized health insurance plans and help employers manage costs efficiently. Administering ICHRAs involves managing dynamic payroll contributions and deductions, which vary monthly and by employee. As a result, ICHRA providers are increasingly using bidirectional payroll integrations. 💡 These integrations provide two-way access to employers’ payroll systems, enabling providers to handle reimbursements and deductions more efficiently and with fewer resources. Learn how payroll integrations empower ICHRA administrators to automatically manage contributions and deductions on their customers' behalf, creating a better user experience. https://lnkd.in/ekgtuyuA