Jump turns invoices into wages in less than 24 hours with Aria
Jump offers the benefits of employment to self-employed people, including turning invoices into a salary, so that they can enjoy the benefits of a permanent contract. However, their clients sometimes apply long payment terms, which delay the payment of wages. Jump solved this situation by integrating Aria into its SaaS. Today, freelancers can request an advance payment in one click from their Jump account.
Challenge
Delayed Wages: a Source of Anxiety For Freelancers
Many self-employed individuals turn to Jump for the perks of employment—think social protection, no need for accounting, pension benefits—while keeping the flexibility to choose their work and schedule.
Here’s how it works: Freelancers sign a permanent contract with Jump, a SaaS service. Once their client pays an invoice, Jump collects that payment and then processes it as a freelancer’s salary.
For Jump, payroll is central.
However, there’s a hiccup. Many clients, especially large companies, have payment timelines that stretch to 30, 45 and sometimes even 60 to 90 days!
These delays are sources of stress for freelancers who need that income to finance their daily expenses, their family life, etc. These delays can make it difficult for freelancers to concentrate on their assignments, dissuade them from working with certain clients, and even spill into their personal lives.
On the client side, demands for prompt payment from freelancers can put unnecessary pressure on them, as Jump does not have the means—technically or legally—to front those salaries while waiting for client payments.
Jump’s value proposition—to take away all the worries of self-employment—could not be fully realised.
As a company that handles large financial flows, Jump received several requests from companies offering financing solutions. And the SaaS platform finally chose Aria.
The Solution
An API-Powered Deferred Payment Solution Embedded Into Jump’s Platform for Swift, Timely Payments
To ensure a smooth process, Jump and Aria started with a manual testing phase. It was vital for Jump that Aria was not only dependable but user-friendly, with support ready for any problem.
The two start-ups then proceeded with the API integration, which lasted a few weeks.
Now, when a freelancer completes an assignment:
- They generate an invoice for their client within Jump.
- They spot a button that allows them to have this bill funded immediately.
- Once funded, they can promptly transfer it as a salary straight into their bank account.
Outcomes
Thanks to Aria, invoices now get financed in just a few hours. Here’s the impact:
- Every single freelancer at Jump can tap into this feature.
- There’s been an increase in keeping customers on board.
- Freelancers are expressing increased levels of satisfaction.
Freelancers remain focused on their business and missions, while protecting their personal lives from cash flow problems.
For Jump, this means reinforcing their value proposition of making life as a freelancer simple and stress-free.
As for clients? They get to stick to their longer payment schedules, making hiring freelancers as seamless as working with any other vendor.
