Washington, DC, August 23, 2019 --(PR.com
)-- ALTO Solutions Group, LLC is set to roll out Sherpa, a personal finance platform, for employers looking to enhance their voluntary benefits program with a Financial Wellness software solution.
In a 2019 survey, PwC reports that 59% of employees report personal financial issues as being a distraction at work and their number one life stressor. ALTO is proud to help companies increase employee retention and engagement while empowering employees to take control of their finances and their future.
Benefits for Employees
Employees will benefit from the ability to quickly get a comprehensive view of their finances in one platform. Sherpa is fully encrypted, secure, 100% ad-free, easy-to-use, web-based platform for managing financial accounts in one place. Employees can monitor banking and credit card account balances and track bills and expenses, including custom expense categories. In addition, the Sherpa platform will offer investment and net worth tracking assistance, as well as access to Financial Advisors for financial guidance.
Benefits for Employers
The numbers show that employers are starting to get ahead of the curve on what used to be considered "fringe" benefits. According to the Society for Human Resource Management (SHRM), a 2018 survey showed that "two-thirds of employers (69 percent) believe voluntary benefits, such as financial aid and planning resources, will be a very or more-important component of their total rewards strategy in three to five years." ALTO recognizes that voluntary benefits are no longer fringe but are increasingly becoming an essential and expected part of an employee's overall compensation package.
Depending upon client needs, Sherpa licensing packages may be purchased at reduced rates based on volume and corporate customization. Companies may opt for a co-branded access or portal page. Adding a single access point to the user experience eases employee accessibility while also streamlining internal communication around access to voluntary benefits.
"We are ready to help American workers keep outside stress away from the workplace and help employers to offer a benefit that can make a difference in the lives of their employees," said Alex Iglesias, President of ALTO Solutions Group. "We definitely understand the distracting and stressful nature of personal finances and we're excited to offer Sherpa as a solution that can help alleviate those things in people's daily lives."
About Alto Solutions Group, LLC
ALTO Solutions Group, LLC started as the vision of a father-and-son team, looking to utilize their individual strengths in accounting and business development. ALTO created Sherpa financial software to help its users move their money forward. For more information about Sherpa, visit gotosherpa.com/enterprise or follow us at @gotosherpa.
PwC's 8th annual Employee Financial Wellness Survey, PwC US, 2019