Employers must help and train their employees on how they can save up and manage their expenses. With financial wellness software, organizations can facilitate a database full of educational material related to their fields. Here are some of the best financial wellness software available right now.
13+ Financial Wellness Software
9. Wisely by ADP
13. Salary Finance
What Is Financial Wellness Software?
Financial wellness software is a combination of financial management software and employee training software that allows organizations to establish financial wellness initiatives in their organization. This financial training software allows companies to train their employees to spend their finances wisely.
Financial wellness software guides organizations to better train their employees in managing their finances wisely. These financial wellness lessons include budgeting, securing loans safely, wise spending, and many more depending on the organization. In turn, employees of the organization are well-trained in how they manage their finances according to the lessons provided by the organization. This financial e-learning software also provides an opportunity for organizations to sell these courses to the public, making these lessons more accessible and universal and not just limited to the organization’s employees alone. The software may also contain actual financial management software tools that can help users, especially employees, to train themselves in managing their finances while applying that to their daily lives.
Financial wellness software should be able to provide tools that help organizations set up and establish financial training courses and educational material. These tools include creating, editing, attaching multimedia files, and many more. Because the software supports multimedia files, the software should be able to allow users to store their training elements into the software’s brand assets management software feature. The software should be able to help train the employees in guiding them to manage their finances wisely. The software should also contain data analytics features that tell organizations how many employees have used the courses as well as measuring the success of the training courses and educational material related to financial wellness. The software may also contain financial management software tools that allow employees and other trained users to test their financial wellness skills.
- Tools to create and edit financial wellness training courses and educational material
- Digital assets management tools
- Data analytics tools
- Trial financial management tools
Top 10 Financial Wellness Software
1. Salary Finance
Salary Finance allows organizations to facilitate financial wellbeing education with their educational resources software that enables responsible financial management. Salary Finance has 179 employees and earns annual revenue of $23.3 million.
2. Wisely by ADP
Wisely by ADP allows employees to save their money with its flexible and convenient budgeting software. ADP has 68,098 employees and earns annual revenue of $2.15 billion.
HelloWallet provides employee budget tracking software that allows them to improve their financial spendings and it’s accessible anywhere using smartphones or tablets. HelloWallet is owned by KeyBank, which the parent company has 17,444 employees and earns annual revenue of $2.15 billion.
Branch ‘s software helps digital e-commerce brands to grow with their enterprise-grade solutions that increase employee engagement. Branch has 406 employees and earns annual revenue of $58.9 million.
Payactiv empowers employees with their software that helps them save money during their working hours. Payactiv has 177 employees and earns annual revenue of $23 million.
ZayZoon’s financial wellness software provides tools and features that assure will create “happier, healthier” productive employees. ZayZoon has 56 employees and earns annual revenue of $7.3 million.
Savology’s financial planning software allows users to personalize the financial management structure that assures them great results in the long run. Savology has around 25 employees and a revenue of around $5 million.
LearnLux guides their clients with their financial wellness software that helps them train to spend their finances wisely. LearnLux has around 25 employees and earns a revenue of around $5 million.
Asset-Map’s financial planning software may help provide insights to employees and employers on the importance of financial management. Asset-Map has around 25 employees and earns a revenue of around $5 million.
Questis’ problem-solving software helps companies resolve their financial-related issues that ensure workforces are not financially stressed with their specialized solutions. Questis has 26 employees and earns annual revenue of $3.8 million.
Can non-employees access the financial wellness training courses and educational material through financial wellness software?
Yes, but it usually depends on the companies that are offering these financial wellness training courses and educational material to employees through financial wellness software. It would also depend on the software itself if it can facilitate non-employee users. If the software allows this, companies may be able to use the chance to sell these courses and educational material for free for non-employees.
Can financial wellness software be considered a sub-set of learning management systems software?
Financial wellness software has employee training software tools which are also seen in learning management systems software. While it may not technically be officially considered a sub-set of learning management systems software, it could be considered as such to some degree.
How much does financial wellness software cost?
Pricing for financial wellness software is usually customized, with different pricing tiers offering more features the higher the price is. Pricing for financial wellness software varies depending on the features available and the intended target organization. Small organizations may benefit more from low-cost financial wellness software, while large organizations may benefit more from high-cost software.
With financial wellness software, organizations can better guide their employees effectively in spending things they want while saving up some money and reserving it for the benefits.
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