Be the Employer of choice and empower your people to take control of their cash flow by providing the tools to help them responsibly manage their money.
With too many Australians already living paycheck to paycheck, now more than ever, your people need your support. Many employees are now facing challenging times ahead and with a reduction in income and adjustments to lifestyle spending choices, the need for payment flexibility is inevitable.
Employers, help your staff navigate these uncharted waters by accessing Fu’s modern money management platform.
FU CAN PROVIDE THE ABILITY FOR YOUR STAFF TO:
See all income, spending and bills in one place.
Spread the costs of bills and other lifestyle essentials over a number of paycycles with Fu SmartSpend.
See what’s ahead with the Fu cashflow forecast.
Set and achieve savings goals.
See all income, spending and bills in one place.
Spread the costs of bills and other lifestyle essentials over a number of paycycles with Fu SmartSpend.
See what’s ahead with the Fu cashflow forecast.
Set and achieve savings goals.
Features
Money Management
Members are provided with a cashflow forecast dashboard that contains granular insight into current and future financial outcomes by paycycle. Fu automatically detects income, bills and keeps members up to date on their spending habits through a direct connection with their underlying bank accounts. Fu’s money management features update multiple times daily providing members with clarity on their future financial outcomes and tools to understand the actions that they can take to improve their cashflow position.
If your staff have been stood down or on reduced hours (such as the Government’s Job Keeper package), their reduced income will be displayed prompting a reduction in spending and a breakdown of spending behaviour to assist make those tough decisions.
Taking Charge of Cashflow
With a reduction in income arising from reduced hours or loss of employment, your people will need to make lifestyle spending choices to live on less for a while, or potentially may need to use some of their savings.
Members are prompted to link any additional savings accounts in addition to their ‘main bank’ to supplement their reduced income and make the best use of savings during this period.
Members can also set targets to reduce spending on discretionary categories or non-essential bills in order to assist manage reduced income and minimise drawing on savings. Fu provides real-time tracking to keep members up to date on their progress.
Short Term Lending
Fu’s SmartSpending platform will enable staff to apply for short term cash funding and for these funds to be approved / dispersed within 24hrs. Funds can be dispersed under two possible arrangements:
- As an advance on their income - getting paid immediately after a casual shift or in advance of an upcoming work week and receiving less funds in subsequent pay-cycles to cater for the advance.
- As a short term grant - to be paid back over a number of subsequent pay-cycles with repayments centralised around a member’s income day and frequency - deducted from subsequent pay-cycles.
Get started with Fu today
To understand more on how we can work together, please contact us.
