Zaggle and Strada Join Forces to Transform Payroll and Spending Management in India
B2B SaaS fintech company Zaggle Prepaid Ocean Services has partnered with Strada, a leading provider of payroll, human capital management, and financial solutions, to introduce a groundbreaking payroll and unified spending platform tailored for Indian employers.
This innovative integration is poised to streamline operations for businesses across India, enabling them to save valuable time and cut costs. By providing capabilities for monitoring spending, reimbursements, and employee benefits while ensuring adherence to Indian regulations, this platform aims to enhance efficiency and compliance.
Simplifying Employee Benefits and Spending Management
According to Avinash Godkhindi, CEO of Zaggle, the collaboration seeks to demystify the complex payroll process faced by many Indian employers. By merging payroll and spending management into a single, cohesive system, organizations can efficiently centralize their expenditure oversight, track expenses in real-time, and offer employees flexible tax benefits.
The Zaggle platform features comprehensive card solutions, advanced visibility tools, and automated expense reporting, complemented by a dedicated 24/7 support application. This robust suite ensures employers have the necessary resources to navigate the financial complexities of managing employee benefits.
Leveraging Strada’s Advanced Payroll Solutions
Strada contributes its AI-powered payroll platform and extensive international services, covering over 180 countries. The company boasts an impressive processing volume of $1.4 billion in payroll annually, achieving a remarkable accuracy rate of 99.84%.
Anirban Dass, the Head of Payroll and Professional Services for Strada in the Asia-Pacific region, highlighted that the integration of Strada’s powerful payroll engine with Zaggle’s dynamic spending management capabilities provides businesses with a streamlined, automated solution for reimbursements, tax benefits management, and reduction of manual administrative burdens.
Empowering Indian Employers with Innovative Solutions
The newly launched solution addresses the urgent financial needs of businesses in India by delivering real-time updates and compliance monitoring. Employers utilizing the platform can significantly reduce their dependency on manual document handling, simplify the reimbursement process, and provide employees with a user-friendly method for managing their tax-saving services.
Furthermore, this end-to-end integration promises increased flexibility for both employees and HR teams, minimizing the risk of errors and delays in financial processes. As the demand for digital financial services in India continues to grow, the alliance between Zaggle and Strada positions itself as a formidable player in this dynamic market.
A Bright Future for Digital Financial Services in India
With this partnership firmly in place, Zaggle and Strada are set to expand their footprint in India’s burgeoning digital financial services sector. Together, they aspire to provide a holistic suite of solutions that seamlessly merges payroll, spending, and compliance into one user-friendly platform, driving innovation and improving financial management for employers across the nation.