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

Building a successful HR tech platform requires more than just a great idea. It demands seamless access to critical HR and payroll data, often locked away in disparate systems. That's where strategic integrations can make all the difference. CandorIQ’s co-founders knew from the beginning they’d need HRIS and payroll integrations to power real-time insights, so they started looking for an outsourced solution from the beginning. By partnering with Finch, CandorIQ gained access to our industry-leading network of 200+ HRIS and payroll providers, eliminating the need for costly in-house development. The results: ? An estimated $500K saved annually in engineering expenses. ? Faster time-to-market: Integrations are launched more quickly, accelerating product development. ? Increased scalability: CandorIQ can seamlessly connect with a wide range of HRIS and payroll systems, expanding their reach and potential customer base. In the words of Haris Ikram, Co-Founder of CandorIQ, "Finch helps us to close more customers, and do it faster. There are some deals that wouldn’t close if we didn’t have those integrations." Read the full case study to learn more about how CandorIQ is leveraging Finch's unified API to drive innovation in HR tech: https://lnkd.in/eyeSSqZX

We're excited to introduce Finch Connect sessions, a powerful new feature designed to increase security and visibility in the authentication process. 1?? Unique, unchangeable URLs: You can now generate a unique and unchangeable Finch Connect URL for each employer, making the connection process more secure and allowing you to track authentication progress in the Dashboard. 2?? Authentication process tracking: Use the Authentication Progress tab for an overview of the employers’ progress. If there are any errors, Finch will provide more information so you can quickly resolve them. 3?? Session history: For a detailed timeline of events related to each session, you can navigate to the Session History tab. With these enhancements, Finch Connect provides a more secure and user-friendly onboarding experience for both you and your customers.

“Raise your hand if you’ve dealt with any incorrect census data this month.” Last week, the Finch team attended RANDUG 2024 in Clearwater Beach, FL, to discuss innovation in retirement. RANDUG members are licensed users of SunGard’s Relius Administration tools and technologies. Ansel shared valuable insights on payroll connectivity for retirement providers, highlighting how Finch streamlines plan administration, enhancing the sponsor experience.

What’s at stake when SFTP integrations don’t scale? Traditional SFTP integrations aren’t scalable because they’re difficult to implement and come with a host of manual processes. Relying on this method can limit your company’s ability to grow and hinder your profitability. ? ?????????????????????? ???? ???????????????? ???????????? — Growing means bringing on new customers; but when the onboarding process takes months, you can quickly develop a backlog. Difficult onboarding processes take significant resources from your team, make for a poor first impression with the customer, and elongate your time to revenue. ? ???????????????????? ???????????? ???? ???????????????? ?????????? — SFTP connections require significant manual work even after implementation as your Operations team works to normalize and process incoming data. As your customer base grows, so too will this workload, often forcing companies to increase headcount just to keep up. ? ???????????? ???? ?????????????? ?????? ?????????????????? — Today’s employers expect their applications to integrate seamlessly with one another. Many companies have invested heavily in API integrations as a competitive differentiator. A weeks- or months-long onboarding process can be a significant turnoff for modern buyers when other companies provide a simpler alternative. In short, without a scalable SFTP strategy, you risk falling behind in growth, competition, and customer satisfaction. ?? Learn how to scale SFTP integrations and automation to enable better customer onboarding, more efficient data processing, and faster business growth.

?? Today, we are launching the expanded platform for Retirement At Finch, we are democratizing the data models underlying the employment industry. Access to this data will spur new and much-needed innovations, such as what the retirement sector is currently experiencing. With around $40 trillion in retirement assets in 2024, retirement represents a major segment of the employee benefits industry that has only become more important as our Social Security is unable to sustain the growing population. SECURE Act 2.0 is going to drive 2-3x more sponsors to offer retirement benefits over the next five years, and the retirement infrastructure needs to evolve to sustain this. As an infrastructure company, we power the likes of Fidelity Investments, Ameritas, ePlan Services, Inc. (Paychex), Morningstar and other leaders in the space, serving more than 40 recordkeepers and TPAs and 45K+ sponsors with 5M+ participants. By working with the early technology adopters, we saw firsthand the need to evolve our platform so that Finch could grow to serve all 2,000 TPAs and 500 recordkeepers, ultimately powering the entire ecosystem. The speed we ship features at Finch is incredible, and there are more on the near-term roadmap! Now is the perfect time to onboard with Finch. Reach out to me at [email protected], and I’ll make sure you get a personal onboarding experience.

Tired of inefficient sponsor onboarding processes that eat up time and resources? We've expanded Finch Connect's capabilities to make the employer onboarding process even smoother. ?? Recordkeepers and TPAs can embed the Finch Connect workflow into their system or invite sponsors using a secure link. ? Plan sponsors can connect their payroll provider in minutes, securely sending census and pay data directly to their retirement provider. New features allow sponsors to map data—like source codes and pay statement classifications—tailored to their unique retirement plans. And with our improved Dashboard, plan administrators can effortlessly track the status of each connected sponsor, ensuring seamless data flow. With these updates, Finch is helping retirement providers deliver an onboarding experience that’s faster, more efficient, and built to scale.

??It's not too late to register for the PensionPro + Finch webinar.?? Join us for an exclusive webinar with PensionPro to learn how Finch is helping transform how TPAs and recordkeepers manage sponsor data collection and plan administration. Through our integration with PensionPro, Finch streamlines the process of collecting, standardizing, and reformatting census and payroll data so you can eliminate manual work, reduce errors, and focus on delivering an exceptional client experience. ?? Today, 2:00 PM EST / 11:00 AM PST ??? Register now: https://lnkd.in/e-PcCx2S

?? Gayathri here, VP of Product and Design at Finch. I'm thrilled to announce new product features for Retirement that enable end-to-end data connectivity for recordkeepers and third-party administrators (TPAs). Ananya Banthia and Shoabe Shariff’s teams have been hard at work developing features that will change how retirement plans are managed, allowing Recordkeepers and TPAs to focus on what matters most: delivering exceptional service to plan sponsors. Here's what's new: ? Enhanced sponsor onboarding experience: In addition to connecting their payroll provider in just a few minutes with Finch Connect, sponsors will also be able to use Finch Connect to map data like source codes and pay statement classifications to meet the specific needs of their retirement plans. ? Universal recordkeeping and TPA system support: Finch supports compatibility with PensionPro, Actuarial Systems Corporation - ASC Retirement Plan Software, FIS Relius, and SS&C Technologies. ? Expanded field support: Finch now supports Rehire Date and Pay Group/Division fields. This information, essential to retirement plan administration, is often difficult to access, leaving a critical data gap across most connectivity solutions. The expanded features bridge the gap between plan management platforms and payroll systems, providing secure and automated access to critical data. For a detailed look at these new features, check out my latest blog post: https://lnkd.in/eH8z775a

We're thrilled to welcome two talented members to the Finch team! Please join us in giving a warm welcome to: ?? Nate McKay, Business Development Representative ?? Samuel Soubeyran, Engineering Manager We're excited to have Nate and Sam on board. Welcome to the team!