Case Study: HCL achieves £120k+ in employee savings with Stream

HCL saves over £120k and reaches 52% employee adoption with Stream

HCL, a catering industry employer, faced challenges with its previous financial wellbeing provider, which created significant manual administration for its payroll team and offered tools that saw very low employee adoption. Seeking to reduce this administrative burden and provide more effective support for its 1,500 employees, HCL partnered with Stream to implement its suite of financial wellbeing tools, including Pay, Budget, Workplace Savings, and Workplace Loans.

By integrating Stream directly with its existing MHR payroll system, HCL automated previously manual processes, freeing up the payroll team's time. The solution was a resounding success, achieving a 52% employee adoption rate, significantly above the industry average. Employees collectively saved over £120,000, and 43 workplace loans saved users an estimated £25,500 in interest. Stream provided the accessible financial resilience tools the workforce needed while delivering major operational efficiencies for the business.