SD Worx offers employers real-time payroll payments, powered by Modulr
18 October 2022
International HR and Payroll services provider, SD Worx, is further investing in people-based fintech solutions for its customers by partnering with Modulr, the embedded payments platform that facilitates faster payroll payments.
Traditional Bacs payments for payroll take three days to land in employees’ accounts – minimising payment flexibility for employers. However, Modulr is a direct participant in the Faster Payments network, so payments clear almost instantly (or within 90 seconds).
With Modulr powering payments, SD Worx can give employers far greater flexibility to react to challenges around incorrect or missing employee data, data collection issues, unforeseen events, or those that simply need to pay recent starters to the business without the latency often associated with Bacs transfer times.
“Faster Payments are clearly better for many employers, but vitally it benefits the financial wellbeing of employees too by providing quicker access to funds owed. This is especially important for businesses across retail, hospitality, manufacturing and FM sectors where there’s often more variations in staff and pay cycles, or last-minute changes that need to be made,” commented Stephen Ousley, Head of Portfolio at SD Worx.
“Modulr is the industry leading embedded payments provider. Their innovative tech and services will integrate seamlessly with our continually expanding payroll offering, and support SD Worx customers that are looking to unlock the benefits of Faster Payments,” Stephen added.
Kevin Burke, Strategic Partnerships Director at Modulr, added: “Business needs are ever-evolving, and more employees are expecting greater flexibility with the way they are paid. It’s great to be partnering with SD Worx to offer instant, automated and reliable payroll payments and we look forward to supporting them and their customers.” To find out more about the SD Worx offering, visit: www.sdworx.co.uk
About Modulr
Modulr enables businesses to embed payments directly into their own platforms without needing to build complicated payment systems, become regulated or manage complex payment network membership.
Delivered through the FinOps hub, Modulr enables 200+ clients to automate, control and embed payments, processing an annualised transaction value of more than £100bn.
To find out more, please visit: www.modulrfinance.com
About SD Worx
SD Worx believes that success starts with people. A thriving workforce doesn’t just build a thriving company, it also contributes to society. Together with its customers, SD Worx sparks successful HR that benefits work, life and society.
As the trusted leading European HR and payroll solutions provider for all organisations and workers, SD Worx delivers software, services and expertise across payroll & reward, human capital management and workforce management. SD Worx has deep roots across Europe and has been leading the way for eight decades together with its customers, employers big and small, to spark employee engagement that ignites success at the heart of their business.
About 95,000 small and large organisations across Europe place their trust in SD Worx. The almost 10,000 colleagues operate in 27 countries. SD Worx calculates the salaries of approximately 6 million employees and ranks among the top five worldwide. It achieved a revenue of EUR 1.180 billion in 2024.
More info on www.sdworx.com / Follow us via LinkedIn
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