Payroll has a banking problem

You can fix a mistake in your payroll. You just can't do it after the run closes. That 2-4 day window locks up roughly 26% of your month, every other week, whether you need to correct a rate, add a late reimbursement, or handle a same-day termination.

It doesn't have to be this way. The clearing window is a relic of how banking and payroll were built separately, not a technical limitation you have to accept.

In this recorded breakout session from Rippling on the Road, Kat, Rippling's product lead for Business Banking, walks through the root cause and what actually changes when banking and payroll live on the same platform.

What's inside:

• Why the ACH clearing window was born in 1972 and why payroll has been stuck with it ever since

• How combining banking and payroll on one platform eliminates the wait, and what that unlocks operationally

• A walkthrough of the 1pm ET same-day payroll cutoff and how it works in practice

• What happens to your cash during those four days, and how Rippling earns you 2.25% interest on checking in the meantime

• Answers to real practitioner questions on funding timing, off-cycle runs, bank covenants, termination pay, and more

• A preview of what's next: real-time payments (RTP) and instant payroll