Financing and Flexible Payroll
Žilina
Crystal Palace Na bráne 8665/4, 010 01 Žilina
Bratislava
The Spot Bottova 2/A, 811 09 Bratislava
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FaQ
We finance employee payroll, unlocking free capital for businesses. At the same time, we offer employees the benefit of flexible pay.
How does WageNow financing help companies gain financial flexibility?
WageNow provides companies with immediate access to funds, freeing up capital for growth, investments, and better cash flow management.
Is WageNow financing a loan?
No, it’s not a loan. It’s short-term receivables financing that doesn’t affect your credit capacity or existing loan terms.
What types of companies is WageNow suitable for?
This solution is designed for companies with 20 to 500 employees, ideally those using digital attendance and payroll systems (though it’s not a requirement). It’s a great fit for SMEs and businesses with seasonal cash flow that need better planning for wages and taxes.
How is WageNow financing different from traditional bank loans?
Unlike banks, WageNow doesn’t require complex approvals or collateral. The financing is fast, flexible, and doesn’t impact your company’s credit capacity.
How can I apply for WageNow financing?
If you meet WageNow’s criteria and are interested in our financing, contact us via email or phone. We’ll be happy to introduce a solution tailored to your company’s needs.
What impact will the WageNow benefit have on our company’s payroll?
None. The payroll cycle remains unchanged and all salary payments stay predictable. Employees can access a portion of their already earned wages, but at the end of the month, the company processes payroll in the standard way, you simply reimburse the amounts paid out.
When will we receive the data needed for payroll calculation?
You’ll receive all necessary data at the beginning of the new month after the withdrawal period for the previous month is closed, so there’s no disruption to your payroll process.
Can employees withdraw their entire salary in advance?
No, WageNow allows access only to a portion of already earned wages. Limits are set to ensure a stable payroll process and financial sustainability for both the employer and employee.
How does WageNow integrate with our payroll and attendance system?
We connect directly to your attendance and payroll systems, enabling automated payroll processing with no manual admin work for HR or accounting. The implementation is fast and seamless.
What are the costs for the company?
WageNow operates on a fixed monthly fee per employee. There are no hidden costs or additional transaction fees.
Does the WageNow benefit affect maternity or social benefits for employees?
No, WageNow has no impact on the calculation of maternity leave, sick pay, or other social benefits. Since the payroll cycle remains standard and salaries are processed at the end of the month, all deductions and entitlements stay the same.
Doesn’t WageNow reduce employees’ financial literacy?
On the contrary. WageNow helps employees manage their finances more responsibly by offering flexible access to already earned wages, helping them avoid costly short-term loans or debt. According to a Visa survey (2019), flexible pay helps 46% of people be better prepared for unexpected expenses and save more money.
