Ascen, the Y Combinator-funded back office platform for contract staffing, announced its partnership with workforce payments platform Branch to offer faster payment solutions for staffing companies.
The partnership enables staffing firms that turn to Ascen for EOR and payroll services to offer “same-day payouts” as well as other financial services to their workers.
This not only fosters an efficient payments experience, but also better enables staffing firms to “compete for talent.”
Embedding Branch’s payments tech, Ascen can pay workers for completed shifts immediately after their hours have been approved and offer “a direct deposit option for new and current workers.”
This partnership addresses a need in the fast-paced work environment, ensuring workers receive their money without delay.
Ascen’s integration with Branch is said to improve the payment process, providing a seamless experience for staffing firms and their workers:
- Worker Satisfaction: By ensuring timely payments, Ascen can boost worker satisfaction and retention, fostering a more motivated and reliable workforce.
- Efficiency and Reliability: Branch’s robust payments platform delivers accuracy, control, and reliability, ensuring that transactions are processed with speed.
- Adoption: Ascen and Branch have made it easy for staffing firms and workforces to adopt same-day payments with ease, with workers able to complete onboarding and account set-up in minutes.
Ascen founder and CEO Francis Larson said that their priority has been to provide staffing firms with the tools and resources to “focus on matching clients with candidates.”
Larson also noted that by integrating Branch’s payments solutions, they’re eager to pay out workers “as quickly as possible and enable staffing firms to do the same. Faster pay is one of the most sought-after perks for attracting talent.”
Branch founder and CEO Atif Siddiqi said that they are pleased to collaborate with Ascen to power faster, more flexible payment options to staffing firms and meet the needs of today’s dynamic workforce.”
Siddiqi added that whether it’s paying contractors or employees, they are committed to delivering “a seamless and efficient payment experience for both companies and their workers.”
Ascen is a back office platform for contract staffing, enabling staffing firms to focus on delivering great service to their clients and candidates.
Ascen offers software and employer of record (EOR) services for staffing firms that include onboarding, compliance, time tracking, payroll, and invoicing.
Ascen was established back in 2018 and is said to be backed by Y Combinator.
Branch is the workforce payments platform that “helps businesses deliver fast, flexible options for workers to get paid.”
Whether it’s sending earnings to workers or contractors, firms select Branch because they realize that faster payments help them boost worker loyalty, save time and money, and accelerate sustainable business growth.
Earners that sign up with Branch are reportedly able to receive a “free” bank account, access to earned wages, rewards, and personal finance tools to “help them manage their cash flow between pay cycles.”
Branch teams up with the nation’s leading companies in hospitality, healthcare, gig platforms & marketplaces, and staffing services.
