Six products, one relationship, and very little for you to do.
Money and care should arrive when they are needed, not when the calendar allows. That is the whole idea, in six products and one relationship. Here is what you turn on, what setting up involves, and what happens after.
Two sides of the same business, and six products between them.
Two of them are for the business and carry a cost. Four are for the people who work there, and cost the business nothing. The business side is a decision you make. The team side is a decision you make once, and then each person makes for themselves.
Money the business is owed, and money it owes, on better timing. Both carry a cost, and you get the number before you sign anything.
Invoice factoringCash against invoices already delivered, in days rather than sixty. Premium financeCommercial insurance across the policy term instead of all at once.Turned on once by you. Your team opts in individually, and nothing is taken from anyone's pay unless they ask for it.
Pay accessThree tools giving early pay, a fair loan and the Patch Card, on one app. Virtual HealthcareOne membership, and a doctor the whole household can reach, any hour.Different products, different setup. None of them are a project.
People assume this is an implementation. It is not. Here is what each one actually involves on your side.
A conversation and your receivables
We look at who owes you and how reliably they pay, rather than at your credit. Once terms are set, first funding typically comes inside the first week or two, and after that invoices fund in a day or two.
Your part A sample of recent invoices and your business financials. We run diligence from there, and may come back for a little more once we have looked.
Your agent does most of it
Your agent places the policy as usual and we finance the premium behind it. If they have not worked with us before, setting them up is one conversation. Approval comes back within 24 hours, so the policy is never held up.
Your part Point us at your agent, or ask us to introduce you to one of ours.
One connection to the payroll you already run
A secure connection to the payroll system you already run. We integrate with most of them already, and where we do not we usually build it at no cost to you. Then we handle onboarding through launch, and your team downloads the app and takes it from there.
Your part Point us at your payroll provider and decide how your team hears about it. We handle the rest.
Nothing to connect at all
No payroll connection and no employer setup. Your team signs up on a Patch Systems page, picks a level, and they are set up within 48 business hours. The simplest thing we offer to turn on, because there is nothing to turn on.
Your part Almost nothing. Your team needs to know it exists, and you can tell them, we can, or both.
What actually lands on you, week to week.
On the team side, nothing. On the business side, a cost you already agreed to and no administration around it.
Team side
Nothing to fund
You never advance money to your team, and you never carry a balance for them. The business is not the lender and is not liable for any of it.
Team side
Nothing to collect
Repayment on the team side runs through payroll deduction the same way other deductions do. You are not chasing anyone for anything.
Team side
Nothing to administer
Enrollment, activity and support sit with us. You see what you need to see and nothing you do not, including who used what.
Business side
A cost, and nothing else
Factoring and premium finance carry a fee you agreed to before signing. No covenants, no quarterly reporting pack, no annual review to prepare for.
Start with the product that solves your biggest problem.
There is no bundle and no minimum. A construction firm might start with factoring because the cash gap is the loudest problem, then turn on pay access a quarter later when a foreman leaves over money. A staffing company might start with the team side because turnover is the thing costing them.
Adding a second product later is a conversation rather than a new relationship. Same account, same people, nothing to redo.
What businesses ask before they start.
Do we have to change payroll systems?
No. The team tools sit on top of the payroll you already run, through a secure connection to it. The business products do not touch payroll at all.
What does it cost the business?
The team side costs the business nothing. No integration fee, no launch fee, no minimum and no per employee charge. The business products carry a cost, and you get the number before you commit to anything.
Are we responsible for the money our team borrows?
No. The business does not fund it, does not collect it, and carries no liability for it. Lending is originated by a licensed lender and repayment runs through payroll deduction the same way other deductions do.
What do the business products actually cost?
Factoring charges a fee against each invoice you factor, quoted per business once we have seen your receivables. Premium finance charges a finance rate that varies by state, quoted per account through your agent. In both cases you have the number before you sign, and there is no fee for having the facility sitting there unused.
How long does it take?
It depends on the product. Virtual Healthcare is set up within 48 business hours. Pay access is running a couple of days after we connect to your payroll. Factoring typically funds inside the first week or two. Premium finance is approved within 24 hours.
Do we see who uses what?
No, and that is deliberate. Your team will not use tools their supervisor can watch them use. You see enrollment and activity at the level you need for administration, not who took a transfer or who saw a doctor.
Who is actually providing these products?
Licensed, regulated specialists in each area. We are not the bank, the lender or the doctor. We connect the specialists who do each of those things properly to your payroll and your people, and we stay accountable for how it all works together.
Curious what this would look like in your business?
You do not need a problem picked out first. Tell us how the business runs and we will walk through which parts fit, what they change, and what they cost.
Nothing to prepare, and nothing to commit to.