SOURCE: DoubleNet Pay

DoubleNet Pay

March 31, 2015 08:35 ET

DoubleNet Pay Launches With Inclusion in ADP Marketplace

New App Integrates With Employer Payroll Providers; Automatically Pays Employees' Bills, Funds Savings

ATLANTA, GA--(Marketwired - Mar 31, 2015) - DoubleNet Pay has launched a financial wellness app in the ADP Marketplace that fully integrates with employer payroll providers to pay employees' bills and fund savings plans.

DoubleNet Pay is an easy-to-use app that automatically tracks and pays employees' bills around their paycheck cycles, leaving them with an exact amount for discretionary spending. It gives employees peace of mind that their bills are paid on time and helps them prepare for unexpected expenses and budgeting for recurring needs. It also lets employees sets aside savings based on personal goals. DoubleNet Pay is named for and founded on the principle that bills should be paid and savings funded before discretionary spending.

"For too many employees, the common paycheck cycle is a recurring pattern of spending with no clear idea of a budget or discretionary funds. This, in turn, leads to shortfalls, borrowing, late fees, overdraft charges, damaged credit ratings and lack of savings. Our vision in creating DoubleNet Pay was to help employees by providing them with the same technology tool they use to manage many aspects of their lives -- an app. The DoubleNet Pay app enables employees to overcome the hurdle of behavior change to accomplish a much-desired and necessary goal: financial wellness. Financially healthy employees are less stressed and more productive, and better able to adequately prepare for their retirement," said DoubleNet Pay cofounder and CEO Brian Cosgray.

The ADP Marketplace gives clients, partner companies and application developers access to its application programming interfaces (APIs) through a secure cloud platform. By accessing ADP's APIs, companies can enhance data-sharing capabilities across their enterprise applications with a single set of workforce data. This will enable companies to automate a variety of workforce management tasks that previously required employers to manage them across multiple platforms. In addition, clients, partner companies and application developers will be able to leverage the APIs to enable access to the partners' newly created and innovative applications and to upload their applications for purchase in the ADP Marketplace.

"Many companies today cannot effectively manage their HCM data because it is siloed within individual workforce management applications and systems. The ADP Marketplace allows them to access that data on a single, secure platform, while also leveraging the value of existing and future workforce management tools," said Don Weinstein, Senior Vice President, Product Management, ADP. "The DoubleNet Pay app fits perfectly with our goal to offer easy-to-use tools that simplify tasks while adding value." 

About ADP
Employers around the world rely on ADP® (NASDAQ: ADP) for cloud-based solutions and services to help manage their most important asset - their people. From human resources and payroll to talent management to benefits administration, ADP brings unmatched depth and expertise in helping clients build a better workforce. A pioneer in Human Capital Management (HCM) and business process outsourcing, ADP serves more than 610,000 clients in 100 countries.

About DoubleNet Pay
DoubleNet Pay is named for and founded on the principle that bills should be paid and savings funded before discretionary spending. By making this good habit automatic, employees can see their actual disposable income -- their DoubleNet Pay -- for each pay period. In this way, DoubleNet Pay helps reduce or eliminate financial emergencies caused by unexpected bills and "too much month left at the end of the money." 

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