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Bucharest
August 15, 2022
BUSINESSCOMPANIESECONOMYFINANCE&BANKING

Smartree announces a new partnership with Salarium, through which employees can request salary advances

Smartree, the strategic partner that offers integrated human resources services and software solutions, announces a partnership with Salarium Fintech, the first platform for instant payment of salary advances and financial education in Romania. Thus, the employees of Smartree customers will be able to choose the day when they want to receive a salary advance, without commissions or interest.

Through the HR MyStaff technology platform, a modular software solution developed by Smartree, over 100,000 employees will be able to have instant access to their salary for the days they have already worked, anytime and from anywhere. This will be possible by performing a few simple operations, due to the integration of Salarium with the MyStaff app. Thus, Smartree customers will be able to benefit from support in granting the salary advance, without any other interventions in the internal processes or their monthly financial turnover.

“Offering our customers solutions that make their lives easier is part of our DNA, and the partnership with Salarium was a natural step in this direction. In addition, we believe that this innovative service will become the norm in terms of human resources and employee benefits. We are pleased to be at the forefront of such a good practice: this option will increase the flexibility of access to the monthly salary, flexibility that our clients’ employees will have and that will certainly contribute to their retention, ” said Alexandra Peligrad, CEO of Smartree Romania.

In addition to facilitating the access to an extra-salary benefit, implementing the Salarium solution within the services offered by Smartree aims to create a positive impact on the lives of employees who will gain more freedom in managing their income.

Currently, more than 15% of Smartree customers pay salaries in two monthly installments, advance and liquidation, but most client companies provide on-demand advances to employees who request payment during the month, before the salary date.

„Salarium contributes to the modernization of the salary system and also introduces a new concept on the Romanian market – salary on demand. We look forward to welcoming both employers and employees with this solution, and through our partnership with Smartree, we continue the company’s mission to democratize the pay day and solidify this real benefit for employees,” added Alina Ștefan, CEO of Salarium Fintech.

The integration of new technologies contributes to the efficiency and automation of a large number of repetitive flows and activities within the HR department. Thus, they meet needs such as changes in labor legislation, changes in organizational culture, ensuring transparent communication with employees and many other changes resulting from the pandemic context. Smartree supports HR professionals with new solutions that meet the market challenges and support the automation of payroll processes, personnel management, timekeeping, and other time and resource consuming processes. Also, through these services, Smartree facilitates the access of all employees to personal information, an approach that is supported by the new partnership with Salarium Fintech.

 

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