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Dunedin Start-Up Pitches In To Improve Quality of Life for Millions of Employees Worldwide

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Fuseworks Media
Fuseworks Media
Dunedin Start-Up Pitches In To Improve Quality of Life for Millions of Employees Worldwide

Dunedin tech start-up PocketSmith has partnered with industry leaders to improve their work-life balance services using its unique budgeting technology. PocketSmith’s intuitive interface helps individuals budget in a very short amount of time, reducing the emotional stress associated with prolonged financial strain.

US-based Workplace Options and its UK division Employee Advisory Resource will use PocketSmith as an interactive enhancement to the companies’ suites of debt management services, helping employees with budgeting and financial planning.

Workplace Options is the world’s largest provider of work-life employee benefits, delivering support to over 18.5 million employees in more than 10,000 organisations. As a market leader focused on innovative solutions it identified with PocketSmith’s approach towards making financial management simple and appealing.

“The emotional toll of managing debt impacts employees at all levels, and increases the risk of illness and lower productivity,” said Alan King, Workplace Options’ president and COO. “Offering employees access to debt management resources is a win-win situation that many companies are embracing. It empowers workers to be more focused at work, proactive with financial matters and to better manage their stress.”

The partnership seeks to create more financial security by helping employees forecast coming expenses and income. Using these predictions, employees are able to analyse the information in order to help set better goals, monitor cash flow, reduce debt and save money. Instead of focusing on the past, the application helps users plan for the future and clearly illustrates the impact of financial decisions made. It does this through a visual calendar interface, which simply and effectively communicates financial data.

PocketSmith’s interactive platform also allows Workplace Options’ debt specialists and counsellors to work with employees in real-time to assist them in drawing up budgets, identifying potential problems and monitoring spending. These tools empower employees by helping them avoid serious financial problems and achieve long-term goals.

While PocketSmith is available globally as standalone product, it hopes to forge similar partnerships with New Zealand banks. “We’re in discussions with a number of forward-thinking financial institutions to bring our services to Kiwi users in an integrated fashion,” said co-founder Jason Leong. “It’s an investment in their customers’ financial well-being and peace of mind, which is important especially in these times of economic uncertainty. Try PocketSmith, and if you’d like your bank to feature it, let them know!”

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