Subscribe

0

  • Sign in with Email

By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.

Don’t have an account? Signup

  • Bookmarks
  • My Profile
  • Log Out
  • NEWS
  • POLICIES
  • MSME OPPORTUNITIES
  • BANKING & FINANCE
  • TECHNOLOGY FOR SMES
  • SECTORS
  • GLOBAL
  • Investment
  • LEGAL
  • KNOWLEDGE QUEST
  • Future Ready Forum 2025
  • Ek Nayi Udaan
  • Future Ready Summit 2024
  • ADVERTISE WITH US
ad_close_btn
  • News
  • Policies
  • Banking & Finance
  • MSME Opportunities
  • Web Stories
  • InFocus
  • Technology For SMEs
  • Sectors
  • Global
  • Fashion

Powered by :

You have successfully subscribed the newsletter.
Finance News

Happay Launches Expense Management Platform For Enterprise

Happay, India’s fast growing FinTech companies, has launched an Enterprise Edition of its expense management platform with AI powered capabilities.

author-image
SMEStreet Desk
14 Jul 2018 05:55 IST

Follow Us

New Update
Happay Launches Expense Management Platform For Enterprise

Happay, India’s fast growing FinTech companies, has launched an Enterprise Edition of its expense management platform with AI powered capabilities, to auto populate expenses incurred during official travel by employees.

Press reports of the recent Andhra Pradesh High Court rulingsuggest that the onus is on the employers to deduct appropriate tax from the per diem allowance (DA bills) paid to employees, if employees fail to submit the bills. This implies that the companies have to maintain a record of such expenses. These can be easily maintained through Happay’s Latest Enterprise edition.

Anshul Rai, Co-Founder & CEO, Happay said, “As official travel is continuously rising, Happay has developed AI-powered capability within its Enterprise Edition to help reduce the tax burden for both corporates and its employees. The bills for daily allowances will now automatically get captured from various sources and saved in the software adding to convenience for employees.”

New AI-powered expense management features for Enterprises include:

  • AI-powered expense capture enables employees to auto-populate expense data from different sources into Happay. Expense data can be captured from:
    • Transaction SMSs that employees receive when they use their official or personal Debit or Credit Cards for Business Expenses
    • Invoices received on Email from Online travel Aggregators
    • Corporate Credit Card Statements
    • Automatic Scan of Receipts, etc.
  • AI-powered approvals ensure that expense reports are routed to the right approver and expense reports without policy violations are automatically verified, thereby giving managers more time to review reports that have violations

What’s more with the new report trail feature, employees also have complete visibility into where their report is in the approval process. Finance teams, on the other hand, have a complete audit trail of all expense data enabling them to be audit-ready with ease.

Happay’s Enterprise Edition is supported bypowerful API integrations with existing Enterprise systems such as HRMS solutions, CRMs, Travel Management software, in-house software tools, Accounting ERPs and more. Recently Happay, in collaboration with HDFC bank, had introduced a new prepaid card-linked Travel and Entertainment (T&E) expense management solution to enable Indian enterprises to efficiently manage their business travel expenditure.

Expense Management Platform Happay enterprise
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news
logo

Related Articles
Read the Next Article
Latest Stories
Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news

Latest Stories
Latest Stories
    Powered by


    Subscribe to our Newsletter!




    Powered by
    Select Language
    English

    Share this article

    If you liked this article share it with your friends.
    they will thank you later

    Facebook
    Twitter
    Whatsapp

    Copied!