India’s first do-it-yourself (DIY) SaaS-based worker expense automation platform has been launched by Zaggle. The platform, referred to as XPNS, created by the B2B SaaS fintech offering spend automation options and company playing cards appears to be like to assist develop enterprise progress alternatives. All of the whereas, bettering expense processing prices, money circulate planning and driving bottom-line financial savings.
Regardless of being one of many quickest digitising economies globally, 90 per cent of companies in India proceed to make use of costly and time-consuming strategies to course of bills. Actually, they spend as much as 10 hours every month and over US$5 per receipt. XPNS was created to simplify the complete course of. The Zaggle DIY platform allows companies emigrate from a guide to a completely automated expense workflow in lower than half-hour. In flip, this reduces the time and prices of managing bills by 75 per cent.
Raj N, chairman and founder, Zaggle, stated: “XPNS represents one other vital step ahead in our dedication to offering impactful monetary automation options. Options that generate bottom-line financial savings for companies.
“Do-it-yourself functions have remodeled the buyer funds house and our prospects. Tech-savvy companies particularly, anticipate comparable intuitive consumer-grade options to handle enterprise funds. With XPNS, we’re excited to redefine our trade by way of innovation and buyer expectations. We need to present one of the best and most intuitive expense processing answer to streamline bills. Moreover, we need to strengthen monetary controls, and obtain a wholesome backside line.”
Talking on the launch, Avinash Godkhindi, managing director and CEO, Zaggle, added: “In right now’s digital economic system, many companies are nonetheless managing bills manually. There’s a vital demand for revolutionary know-how options to modernise expense administration and maximise efficiencies.
“Nevertheless, companies are caught between both conventional guide strategies or automation options primarily designed for large-scale enterprises with advanced useful necessities and integrations which are ill-suited to their wants. With XPNS, our major focus is to empower rising companies with options that ship pace, simplicity, and worker delight.”
Card advantages
The ability of the XPNS comes from the mixture of pay as you go playing cards merged with core expense administration software program. To handle budgets and minimise the incidence of fraud and overspending, companies are capable of handle playing cards instantly.
XPNS provides a variety of advantages to prospects, together with:
- Improved compliance backed by a robust rule-based engine for outlining, insurance policies, compliance checking bills, and flagging real-time coverage violations.
- Correct expense data and fewer exceptions via machine learning-based optical character recognition (OCR) that “reads” receipt photos and submits detailed, line-item bills with out guide information entry.
- Enhanced decision-making agility with real-time insights into operations and expenditure patterns.
- Lowered reconciliation overheads, quicker end-of-month closing, and easy auditory compliance.
- Elevated worker satisfaction with the companion XPNS app, enabling handy expense submission and approval, card account administration, mileage recording, and reimbursement monitoring.
