BUSINESS SOLUTIONS
Cheque Out
The Employer is aware of the fact that its Employees are faced with financial emergencies from time to time, which amongst other negative impacts, results in financial distress and low productivity. In view of the above, the Employer is keen to assist its Employees by affording them access to that portion of their already earned salaries and/or wages prior to their normal PayDay by utilising the Service Provider’s proprietary PayCheck Platform. For individuals who are looking to take control of their cash flow position, earned wage access becomes an alternative working capital solution, by smoothing out the income cycle and creating more alignment of their pay-outs to on-demand consumption and recurring expenses.
South Africa currently has 25 million active credit customers more than 10 million of whom are behind on their payments. Nearly 1 in every 6 South Africans are now behind on their debt repayments, and the debt cycle could increase further as variable rate repayments become more expensive.
About Cheque Out
PayCheck was designed to even cash flows through the month by enabling access to already earned wages at a reduced
9,75% access fee.
Running out of Cash
Running out of much-needed money whilst you still have lots of days in a month can be painful Cheque Out simply advances employees’ earnings as they need them; this is then paid back on payday as a salary deduction. It’s easy to set up and integrates seamlessly with popular payroll systems like Sage and other payroll software. At Cheque Out we adhere to the highest standards of information security, so employee data is always secure. Cheque Out is free for eligible employers and saves time and hassle even if you already provide salary advance. Employees only pay a small transaction fee – there’s no hidden charges. It’s as simple as that.
Cheque Out to employees, allows them to access a portion of their earned wages between paydays, adding value in the employee financial wellness arena.
Health4 Me
Affordable medical insurance for businesses in South Africa. Private healthcare solutions like medical schemes are too expensive for most of the South African workforce. Employers with a minimum of 5 employees or more qualify to take Health4Me. Momentum’s Health4Me offers employer groups cost-effective medical insurance.
⦁ For employees earning less than R40 000 per month
⦁ Help Improve productivity
⦁ Day-to-day benefits from a network of providers and Major medical event benefits
Through Juristic Representative partnership with the House of Administration Zooks Finance is able to sell the product under this license. – FSP 50841,
Research shows that a lack of affordable healthcare is a leading cause of employee absenteeism. Health4Me was designed to provide your employees with access to quality, private healthcare and additional benefits through a network of providers. Our Products provide various options in the form of Gold Options, Silver Options, and Bronze.
HEALTH INSURANCE – HEALTH4ME
GP Visits: Unlimited with Hello Doctor Pre-Authorisation
