Expense Management Software for Large, Medium and Small Enterprisesby Shaistha Farheen Digital Marketing Executive
Happay is an intelligent and intuitive expense management software consisting of Happay Prepaid Visa Cards that can be managed and controlled via desktop and mobile. Employees use Happay Prepaid Cards for business expenses like travel, fuel, accommodation, utility payments, petty cash expenses etc. Company admins allocate money on cards, track expenses, set spending limits and policies — right from their web or mobile dashboard, in real-time. Happay helps organizations fund business expenses easily and quickly and achieve real-time visibility and control over all business expenditure.Happay to know how they are helping organizations tailor the platform to their specific requirements.
1. How this idea came to your mind? What inspired you for this?Happay was founded in 2012 with a simple idea: paying someone, be it friends, family or colleagues should be as easy as sending a text message. With this in mind, we built our first consumer product, a mobile wallet that allowed you to pay just about anyone, anywhere, with your mobile number; no bank account details required. Over time we observed that as consumers we have a lot of freedom and flexibility when we pay for things, but same is not true for businesses. The way businesses pay for and manage their expenses has remained the same for decades. This mismatch led us to create a new vision for Happay and to develop a new product to support this vision.
One area of business payments we focused on was business expense management. We have reinvented the expense workflow from the ground up; we have stripped it off and scrubbed it clean of all its shortcomings mainly cash, paper, and manual data entry. We have made it uber simple, completely streamlined and 10 times as fast and efficient as before. With Happay’s business expense cards and cloud-based platform (accessible from web and mobile), employees can add and report expenses in seconds, on-the-go. Management has visibility and control over how and where their company funds are being spent in real-time. Accountants can verify expense reports with receipts and expense policies in minutes. Companies can even integrate expense data into their accounting software without any data entry. Happay’s custom configurations help organizations tailor the platform to their specific requirements. business expense cards and cloud-based platform (accessible from web and mobile), employees can add and report expenses in seconds, on-the-go. Management has visibility and control over how and where their company funds are being spent in real-time. Accountants can verify expense reports with receipts and expense policies in minutes. Companies can even integrate expense data into their accounting software without any data entry. Happay’s custom configurations help organizations tailor the platform to their specific requirements. custom configurations help organizations tailor the platform to their specific requirements.
2. How does Happay benefit organizations?Happay helps organizations go cashless and paperless. Here are few of the benefits we provide –
3. How does this platform work? What are its backend processes?Happay’s unique technology consists of a single corporate card that is linked to multiple wallets. That means a single piece of plastic can hold multiple pockets of money.
Company administrators can configure rules and logic on each of these wallets. The configured rules define how employees can access that particular wallet — where and when they can use the wallet and for what amount of spending. Administrators can restrict the wallet spend to all channels like POS, ATM and online or to specific ones. They can easily track all wallet spends on a real-time basis via their web dashboard/mobile apps. Administrators can also load or remove funds from wallets with just a click of a button, at any time, from any device. They can also switch on or switch off a wallet.
Our ability to integrate our card platform with any of the existing systems used by our customers (such as accounting, ERP, and HRMS among others) enables us to manage these card programs effectively. We also integrate with other platforms to do condition-based disbursements without explicitly using Happay dashboards. We also have open APIs which help our customers tailor the solutions further to their specific needs.
Happay is most impactful in organizations that
5. How is a Happay card different from a corporate credit card?Unlike Credit Cards, Happay expense cards are prepaid. Employee spending is restricted to the number of funds loaded on the card. Happay provides what most credit cards don’t — the ability to control expenses before it occurs, you can do the following:
Apart from these differences, Happay cards come with a monthly subscription fee. You can cancel the account anytime. There are no annual fees, interest charges or credit limits. You don’t need to open a new bank account to get Happay. These are few of the things which distinguish Happay from a corporate credit card.
Created on May 27th 2018 05:10. Viewed 194 times.