ONE@Work (formerly Even)

ONE@Work (formerly Even) - Your Financial Wellness Partner at Work

ONE@Work is a financial wellness app designed to help employees manage their paychecks, budgets, and savings directly from their workplace. Formerly known as Even, the app integrates with employer payroll systems to provide features like on-demand pay, automated savings, and bill tracking. It aims to reduce financial stress by giving users control over when they get paid and how they manage their money, all within a single, secure platform.

Chapter 1: Function

ONE@Work offers several core functions focused on pay flexibility and financial management. Its primary feature is Earned Wage Access (EWA), which allows employees to access a portion of their earned wages before payday, helping to cover unexpected expenses without resorting to high-interest loans. The app also includes an automatic savings tool that analyzes spending patterns and sets aside small amounts of money based on the user’s income and expenses, promoting consistent saving without active effort. Additionally, ONE@Work provides a bill-preview feature that estimates upcoming expenses and helps users plan their spending around their pay schedule. It includes budgeting tools that categorize transactions and offer insights into spending habits, as well as optional overdraft protection alerts to prevent bank fees. These functions are designed to work together seamlessly, integrating with the user’s existing bank account and payroll system to provide real-time visibility into their financial situation.

Chapter 2: Value

The primary value proposition of ONE@Work lies in its ability to reduce financial stress and improve employee retention by offering a safer alternative to predatory lending and late fees. By enabling on-demand pay, it eliminates the need for payday loans or credit card debt during cash flow gaps, directly improving users’ financial health. The automated savings feature helps users build emergency funds passively, a key advantage for those who struggle to save voluntarily. Unlike generic budgeting apps, ONE@Work’s integration with employer payroll systems means it has accurate, real-time data on income and deductions, making its forecasts more reliable. This integration also allows for unique features like schedule-based pay, where users can align their cash flow with irregular work hours. For employers, the app reduces turnover and increases productivity by helping employees focus on work instead of financial worries. The app’s security is another key advantage: it uses bank-level encryption and does not share personal data with employers beyond what is necessary for payroll integration. Compared to traditional banking products, ONE@Work offers a lower-cost, more accessible way to manage day-to-day finances without requiring a credit check or high minimum balance. Over time, consistent use can help users improve their credit scores through optional reporting of on-time bill payments within the app.

Chapter 3: Scenarios

The primary target users for ONE@Work are hourly and shift-based employees who experience irregular income streams, such as retail workers, restaurant staff, healthcare aides, and gig economy workers. These users often face timing mismatches between when they earn money and when bills are due, making earned wage access particularly valuable. Another key group is employees living paycheck to paycheck who struggle to save or budget effectively, as the app’s automated tools require minimal ongoing effort. Common use cases include: an employee facing a car repair expense mid-month who uses EWA to access already-earned wages rather than taking a high-interest loan; a parent who sets up the auto-save feature to accumulate funds for holiday gifts without manual transfers; and a worker with variable hours who relies on the bill-preview feature to plan spending around weeks with fewer shifts. The app is also used by employees who want to break the cycle of overdraft fees, as it provides alerts when low balances are predicted. In workplace settings, ONE@Work is often offered as an employee benefit during onboarding, helping new hires gain immediate financial stability. Even remote workers can benefit, as the app is mobile-first and does not require a physical office presence. By addressing these specific financial pain points, ONE@Work becomes a daily tool for managing the unpredictability of income and expenses.