FlexWage, the leading provider of financial wellness solutions, created and patented early wage access (OnDemand Pay) in 2010. Through its acquisition of Sum180 in 2019, it now combines early wage access with an engaging mobile financial well-being decision support tool that starts where people are, engages through gamified personalization, and delivers actionable next steps and solutions addressing key pain financial points through partner providers. The service includes unlimited access to coaching from advisers and an online community and mobile tips and notifications to support behavior change. We help employers increase productivity and retention by addressing financial stress and concerns among employees. The results include the improved peace of mind, financial control and greater loyalty and connection to the employer, which can positively impact as many as 50% of employees. We believe that everyone deserves a chance to live their best financial lifestyle — now and in the future. Address employees’ number one stressor – financial stress – and they can reach their full potential. Our founders are technology entrepreneurs, Wall Street veterans, and marketing specialists that are harnessing technology to do just that.
FlexWage/Sum180 innovates in these ways: - It's comprehensive. It starts with early wage access to help those struggling most. Then provides support and confidence building regarding all aspects of money, not just debt or just a budget, but all phases of building financial security, including retirement readiness. - Engagement exceeds 50% with our mobile app; - It's personalized and includes unlimited coaching from an adviser. It's the three things employees can do right now, given where they are, right-sized and actionable, to improve their financial situation. Coaching increases accountability and reduces financial stress. - It includes an online community so employees can learn from and support one another in their Plans, delivering on the keys to behavioral change - invite, encourage, account - in a fresh way.Get More Info
FW-Sum180 Financial Wellness Services - capabilities intro.pdf
You must be a registered user of Shortlister to access this information . Click below to register and download these materials .
You must be a registered user of Shortlister to access this information . Click below to register and see this vendor’s clients .
will be in touch to provide pricing info shortly . They may need more specific information about the program you’re looking for, so that they can provide pricing on the most appropriate features and components .
|Shortlister Public Site
|Who can Access Shortlister?||Versions of the Shortlister app are available for employers and benefits consultants to access detailed information on service providers and issue RFPs.||Anyone can access the basic vendor data listed on the Shortlister public site, free of charge.|
|Do employer & consultant users pay to access Shortlister?||Yes – There is a monthly subscription fee||No – Shortlister's public site has tens of thousands of visitors per month that are researching vendors. They do not pay to access this basic vendor data.|
|Do service providers pay to be listed?||No – Service providers can enroll on the Shortlister app for free.||No – Service Providers do not pay to be listed on the Shortlister public site.|
|Can service providers pay to improve their position?||No – The Shortlister app's matching algorithm is completely neutral & unbiased. It matches employer & consultant users with service providers based on how closely the buyers requirements match the service provider's capabilities.||Yes – ONLY on Shortlister's public site. Service providers can bid to show up higher on listing pages. This is how Shortlister is compensated for the substantial effort it takes to curate this pages and vet vendor data.|
|What if a service provider doesn't pay Shortlister?||Nothing – Service providers don't pay a fee to participate on the Shortlister app and are matched based on how well their capabilities align with a buyer's demographics and needs.||Service providers will still be listed on the pages for the services they provide, they will just be listed below those that have bid to list higher on that particular product page.|
|What about the Top Vendor lists at the top of the product listing pages? Is there a fee to be listed?||Not Applicable – The Shortlister app doesn't display Top Vendor lists because the algorithm generates a custom list based on the customer's needs.||Yes - There is a nominal fee of $50 per quarter that's charged if a service provider is approved for a Top Vendor list. Shortlister evaluates vendor capabilities & market performance data to determine who should be listed. Evaluating this data takes considerable time and effort, so the nominal $50 fee covers the cost of the work it takes to curate these lists. If a vendor applies for a Top Vendor list but doesn’t meet the criteria, they are not charged a fee.|
|Who provides reviews of service providers?||Reviews on Shortlister's app are collected from employers and consultants. Service providers are also able to collect reviews from their customers, once they are validated by Shortlister. When a user is logged into the Shortlister app, they can clearly see the source of the review.||Public site reviews are an aggregation of employer, consultant and provider-collected reviews. There is no way for public site visitors to differentiate the source of the review.|
|Do service providers see information and reviews put in the site by your users?||Service providers cannot see the information put in by Shortlister's consultant and employer users.||Service providers can see information that was collected from their own clients.|