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Business Wire
9 hours ago
- Business
- Business Wire
Strada Unveils Automated ACFR App to Transform Public Sector Financial Reporting
MIAMI--(BUSINESS WIRE)--Strada, the leading provider of end-to-end payroll, human capital, and financial management solutions, proudly announces its new Workday Marketplace app, Automated Annual Comprehensive Financial Report (ACFR). Scheduled for release on the Workday Marketplace in late summer 2025 and purpose-built for U.S. state and local governments, the app can replace time-consuming reporting with intelligent automation to enhance the speed, accuracy, and consistency of ACFR preparation. With increasing scrutiny on public sector finances, timely and accurate reporting is more important than ever. This new app will empower finance leaders to deliver ACFRs with less manual work, fewer errors, and more confidence in compliance. Share Preparing an ACFR is a legal requirement for most U.S. government entities and a cornerstone of transparency and compliance with Governmental Accounting Standards Board (GASB) regulations. Yet for many public sector entities, the process remains highly manual, error-prone, and reliant on outdated systems. Strada's Automated ACFR will address these challenges directly by connecting to Workday Adaptive Planning, which will help customers automate data extraction, formatting, and version control. The app will allow customers to compile all required ACFR content, from financial statements and narrative disclosures to trend data and statistical tables, dramatically reducing manual effort while improving accuracy, consistency, and auditability. Finance teams using the Automated ACFR app will expect to see, on average: 80% reduction in the time required to produce an ACFR 50% reduction in manual effort needed to compile the report Estimated annual savings of $110,000 to $160,000 ' With increasing scrutiny on public sector finances, timely and accurate reporting is more important than ever,' said Steven Porter, Head of Public Sector Sales at Strada. ' This new app will empower finance leaders to deliver ACFRs with less manual work, fewer errors, and more confidence in compliance.' Automated ACFR will be generally available by the end of 2025. The initial release will deliver robust automation and template-driven reporting capabilities, aligned within established Government Finance Officers Association (GFOA) Excellence in Financial Reporting Program standards and designed to bring immediate, high-impact value to public sector finance teams. Looking ahead, Strada is also developing embedded AI agents to further enhance the solution. Set to debut in early 2026, the agents will assist with drafting, editing, and refining complex narrative sections, helping ensure consistency, clarity and compliance year over year. By referencing both prior-year reports and current-year data, the AI agents will: Update management discussion and analysis (MD&A) sections Align commentary with updated charts, figures, and tables Maintain a consistent tone and structure year over year Suggest clearer, more concise phrasing while preserving format ' Our vision is to support public sector teams not just with automation, but with intelligent assistance that makes complex reporting faster, clearer, and more consistent,' Porter added. ' We want to help these skilled financial professionals focus on insight, not admin and free them from time consuming, repetitive tasks so they can deliver greater value for their communities.' Strada will showcase the new Automated ACFR app at the upcoming GFOA Annual Conference (June 29 – July 2) in Washington, D.C. at the Walter E. Washington Convention Center, Hall E, Booth #641. Attendees can book a one-on-one demo to explore how the solution simplifies ACFR preparation, reduces compliance risk, and prepares for future AI-driven innovation. To learn more or reserve a demo slot please visit our website. About Strada
Yahoo
3 days ago
- Business
- Yahoo
Tapcheck embeds EWA in payroll
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Earned wage access provider Tapcheck is integrating its EWA software with Workday's human resources services as part of an ongoing effort to expand its business to millions of additional employees. The company announced Friday that it has achieved certified integration status on the Workday Marketplace, which allows companies using Workday's human capital management platform to access solutions for their employees' needs. Such integrations with HR software systems allow for a larger pool of potential new EWA users and also provide increased financial and technical efficiencies for both employers and EWA companies, Tapcheck Chief Executive Ron Gaver said in a May interview at the company's headquarters in Plano, Texas. 'With the flip of a switch, through the software … we want to enable it to millions of employees,' he said of the company's move into HR integrations versus separate one-off employer connections. Earned wage access – also known as on-demand pay – allows workers to tap their earned income before a regularly scheduled payday, generally without costs for employers. These payments typically cover hourly employees, such as those working in restaurants, hotels, and home health care, with EWA giving employers a means to retain and recruit lower-wage workers. Most EWA providers charge a fee to employees to receive money instantly – it's $3 to $5 at Tapcheck – or will offer a free option for slower access that is usually within one or two business days. Workday says its platform is used by around 11,000 organizations globally, including 60% of those listed in the Fortune 500. Tapcheck works with about 4,000 companies including Hilton Worldwide Holdings, McDonald's, Planet Fitness and Taco Bell. Privately held Tapcheck, which raised $25 million in new funds from PeakSpan Capital in April, declined to reveal any financial data. The company is profitable, Gaver said. Tapcheck rolled out a similar integration in April, embedding its EWA tools within payroll software from Viventium, a provider of payroll, human resources and compliance solutions based in Berkeley Heights, New Jersey. About 500,000 healthcare workers are covered by Viventium's cloud-based payroll platform, the companies said. Tapcheck will pursue additional payroll integrations, Gaver said. The Workday partnership 'represents a significant advance towards cultivating financially resilient and content employees, which ultimately enhances recruitment, retention, and overall business success,' Gaver said in a press release shared with Payments Dive. Larger EWA competitors, such as DailyPay and Payactiv, also seek to integrate their solution with numerous payroll and HR platforms. San Jose, California-based Payactiv, for example, says it works with seven of the largest HR software companies, including ADP, Oracle and Workday. A spokesperson for New York-based DailyPay, another large EWA provider, said most payroll companies that operate a marketplace will typically have multiple EWA vendors for employers to select among. DailyPay integrates with about 200 payroll systems, he said by email this week. HR marketplace-based flexibility also offers companies a simpler path for switching their EWA provider. Since early 2024, more than half of Tapcheck's new customers have shifted to it from another EWA company, asserted Gaver, who co-founded the company with his wife, Kayling, in Los Angeles six years ago. 'From our perspective, the market is really pretty much open,' Gaver said. 'It's about 80 million hourly employees in the U.S., and maybe 15% of them right now have access to earned wage access. Eventually, it will be something that everyone has. It's going to be kind of a utility that is going to be a plug-in to payroll and also time-attendance systems.' States are gradually beginning to regulate EWA providers, with Arkansas, Maryland and Utah adding to the collection this year. Last year, the Consumer Financial Protection Bureau sought to regulate EWA providers under federal lending laws, a move that fintechs opposed. However, under the Trump administration, the CFPB has been reversing many of its prior policies. In January, the bureau rescinded a 2020 advisory opinion classifying certain EWA products as credit. It has not yet addressed the Biden administration's July 2024 interpretative rule on EWA. This story has been updated to correct the spelling of Tapcheck co-founder Kayling Gaver's name. Recommended Reading Maryland passes EWA law Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Tapcheck Named Workday Innovation Partner
Industry leaders aim to revolutionize financial wellness and payroll efficiency, transforming workplace satisfaction and productivity with earned wage access PLANO, Texas, June 13, 2025--(BUSINESS WIRE)--Tapcheck , today announced that it has achieved Workday Certified Integration status. As a Workday Innovation Partner, Tapcheck offers customers seamless integration between Workday Human Capital Management (HCM) and Tapcheck's on-demand pay solution, Tapcheck Earned Wage Access. This integration aims to alleviate financial stress for employees by providing flexible access to earned wages, all while maintaining the integrity of existing payroll processes. Companies like Beacon Mobility are integrating Tapcheck into Workday HCM to help improve hiring outcomes, boost productivity, and enhance employee engagement—key elements for business success. It offers employees instant access to their earned wages, helping to prevent them from falling into high-interest debt – 67% of employees report that Tapcheck has kept them away from challenging financial situations. By providing seamless connectivity with Workday HCM, which includes Workday Time Tracking, and Workday Payroll, Tapcheck supports financial wellness without complicating payroll management. "Integrating Tapcheck with Workday is a strategic move that revolutionizes business payroll and employee financial wellness," says Ron Gaver, co-founder and CEO of Tapcheck. "By partnering with Workday HCM, we are going beyond providing on-demand pay—we are incorporating financial security into the daily routine of the workforce. This partnership is not merely a technical integration; it represents a significant advance towards cultivating financially resilient and content employees, which ultimately enhances recruitment, retention, and overall business success. This integration offers Tapcheck a crucial opportunity to penetrate a vast new sector, presenting tremendous growth potential." "Our partnership with Tapcheck has been wonderful," says Lauren Gonzalez, VP of Human Resources for Beacon Mobility. "Their team is responsive, knowledgeable, and fun! Having this added benefit available to our employees aligns with our people-first culture and has added value to our 'attract and retain' initiative." More information on Tapcheck's integration can be found on the Workday Marketplace, which provides easy access to solutions built by Workday and its partners. ABOUT TAPCHECK Tapcheck is the leading on-demand pay provider, empowering employees to take control of payday. The easy-to-use platform integrates seamlessly with nearly 300 employer payroll and timekeeping systems, which ensures accurate balances and a hassle-free experience for businesses and their employees. Offered at no cost to an employer, employees use Tapcheck to access wages that they've earned, safely and responsibly–without the worry of hidden fees, over advances, or payroll errors. Tapcheck's proprietary earned wage access engine offers the most accurate, reliable, and headache-free on-demand pay solution for workers and their employers. Companies never lose control of payroll and employee paychecks always reflect their advances. The company works with major companies like Powerback Rehabilitation, McDonald's, and Hilton. With nearly $1 billion of early wages paid out to millions of users, Tapcheck continues to be at the forefront of improving job applicant attraction and employee retention rates across various sectors. To learn more about how Tapcheck can integrate with your Workday system and instantly benefit your organization through EWA, connect with our team at sales@ View source version on Contacts MEDIA CONTACT: Kristen Grossi, talkTECHKristen@ Sign in to access your portfolio
Business Wire
4 days ago
- Business
- Business Wire
Tapcheck Named Workday Innovation Partner
PLANO, Texas--(BUSINESS WIRE)-- Tapcheck, today announced that it has achieved Workday Certified Integration status. As a Workday Innovation Partner, Tapcheck offers customers seamless integration between Workday Human Capital Management (HCM) and Tapcheck's on-demand pay solution, Tapcheck Earned Wage Access. This integration aims to alleviate financial stress for employees by providing flexible access to earned wages, all while maintaining the integrity of existing payroll processes. "Integrating Tapcheck with Workday is a strategic move that revolutionizes business payroll and employee financial wellness," says Ron Gaver, co-founder and CEO of Tapcheck Share Companies like Beacon Mobility are integrating Tapcheck into Workday HCM to help improve hiring outcomes, boost productivity, and enhance employee engagement—key elements for business success. It offers employees instant access to their earned wages, helping to prevent them from falling into high-interest debt – 67% of employees report that Tapcheck has kept them away from challenging financial situations. By providing seamless connectivity with Workday HCM, which includes Workday Time Tracking, and Workday Payroll, Tapcheck supports financial wellness without complicating payroll management. "Integrating Tapcheck with Workday is a strategic move that revolutionizes business payroll and employee financial wellness," says Ron Gaver, co-founder and CEO of Tapcheck. "By partnering with Workday HCM, we are going beyond providing on-demand pay—we are incorporating financial security into the daily routine of the workforce. This partnership is not merely a technical integration; it represents a significant advance towards cultivating financially resilient and content employees, which ultimately enhances recruitment, retention, and overall business success. This integration offers Tapcheck a crucial opportunity to penetrate a vast new sector, presenting tremendous growth potential." 'Our partnership with Tapcheck has been wonderful,' says Lauren Gonzalez, VP of Human Resources for Beacon Mobility. 'Their team is responsive, knowledgeable, and fun! Having this added benefit available to our employees aligns with our people-first culture and has added value to our 'attract and retain' initiative.' More information on Tapcheck's integration can be found on the Workday Marketplace, which provides easy access to solutions built by Workday and its partners. ABOUT TAPCHECK Tapcheck is the leading on-demand pay provider, empowering employees to take control of payday. The easy-to-use platform integrates seamlessly with nearly 300 employer payroll and timekeeping systems, which ensures accurate balances and a hassle-free experience for businesses and their employees. Offered at no cost to an employer, employees use Tapcheck to access wages that they've earned, safely and responsibly–without the worry of hidden fees, over advances, or payroll errors. Tapcheck's proprietary earned wage access engine offers the most accurate, reliable, and headache-free on-demand pay solution for workers and their employers. Companies never lose control of payroll and employee paychecks always reflect their advances. The company works with major companies like Powerback Rehabilitation, McDonald's, and Hilton. With nearly $1 billion of early wages paid out to millions of users, Tapcheck continues to be at the forefront of improving job applicant attraction and employee retention rates across various sectors. To learn more about how Tapcheck can integrate with your Workday system and instantly benefit your organization through EWA, connect with our team at sales@
