Instant TIPS from ADP and Gratuity Solutions Delivers an Immediate, Secure and Convenient Way to Help Take the Pain and Peril Out of Managing Service Industry Wages
ROSELAND, NJ--(Marketwired - Nov 1, 2017) - As managing tips becomes a growing problem for service industries like restaurants, spas, and salons, it continues to top the list of employee concerns over the accurate allocation of the income and the sometimes perilous practice of leaving their job sites with a wad of cash in their pockets.
ADP® and Gratuity Solutions® have helped solve this problem with an innovative and creative new solution called Instant TIPS. By integrating the capabilities of ADP's existing paycard offering, the ALINE Card by ADP®, with Gratuity Solutions' seamless integration with leading Point of Sale (POS) systems, the two companies are offering employers and employees a secure alternative to cash payments and a faster way to receive tips paid from card payments.
"We understand that choosing an accurate and efficient method of tip management can be crucial to the success of today's service industry businesses," said Doug Politi, president of Added Value Services at ADP. "Using this innovative solution to track and pay tips can reduce the time and effort that goes into tip calculation and distribution, as well as potentially help increase employees' job satisfaction by keeping them motivated and safe."
It's no small issue. Employers continue to look for accurate, more frequent and direct ways of paying tips to employees. They also would like to reduce the need to have large sums of cash on hand. From the employee perspective, according to the most recent study from the Economic Policy Institute, 4.3 million Americans rely on tips. And of the roughly 4.3 million tipped workers in the U.S., almost 60 percent of them -- 2.5 million -- are servers and bartenders.
This new solution extracts tips data from POS systems and can instantly pay tips income electronically to an ALINE Card by ADP. It does this by using the Gratuity Solutions GratSync® API to synchronize all employee records from a business owner's POS system with the Gratuity Solutions GratSync portal, which then processes the payments to the ALINE Card.
The GratSync portal provides employers access via an Internet browser to the pay information from virtually anywhere, enabling them to review it, generate necessary reports, and access data for payroll. It also lets them view tips payments in real time, by shift, as well as enables tips payments to be manually triggered or scheduled to load at the end of each business day.