ADP Addresses Compliance Friction In Termination Pay

Payroll company ADP is rolling out two enhancements to its Wisely solution, designed to promote compliance for employers and financial wellness for employees.

A press release issued by the company this week said enhancements to its payroll card suite of services under the Wisely name include Wisely Now, a way for employers to provide off-cycle and termination pay while remaining compliant with varying state regulations. The feature enables employers to provide employees with paper checks that can be cashed without fees.

“Employers are challenged by the complex compliance requirements of instant termination pay, which can very state by state,” explained ADP President of Compliance Solutions Doug Politi in a statement. “As a result, organizations often scramble across payroll, finance and accounting to courier a check to meet those requirements. With Wisely Now, organizations can leverage ADP’s security and compliance expertise to pay unscheduled or off-cycle employee wages, without the fear of compliance issues.”

Augmenting the employee experience of getting paid via payroll card, ADP is also launching the myWisely mobile app, a financial wellness solution enabling cardholders to track spending and saving, and to view locations to access cash and pay bills.

“Clients tell us they are very interested in the financial well-being of their workforce,” ADP Corporate VP of Global Product and Technology Don Weinstein said in another statement. “As the next step in ADP’s mission to provide personal, trusted, effortless and secure access to personal financial accounts, we designed myWisely. The app offers a set of tools employees can use to better manage their financial needs.”

Earlier this month, ADP announced a strengthened integration with Intuit’s small business accounting platform QuickBooks Online, allowing QuickBooks users to access ADP’s web payroll platform RUN from within the portal, facilitated via ADP’s Account Connect client platform. Their integration supports seamless movement and connectivity of data between their two platforms.