Long gone are the days when employees had to depend on cumbersome paper-based vouchers to make payments and transactions. With the advent of digital vouchers since the last few years, corporate expense management has become a lot smoother and efficient for both companies and their employees. Delays from corporate benefits and logistics issues are now a thing of the past; it’s now just a matter of a few clicks to get everything sorted. But why are corporate vouchers and e-wallets gaining so much traction over the traditional paper-based vouchers that have been in vogue for so long? Below are given seven benefits that explain why the digitisation of vouchers have become such an indispensable part of today’s fast, technology-empowered world

1. Advantages of Digital Vouchers
Long gone are the days when employees had to depend on cumbersome paper-based vouchers to make payments
and transactions. With the advent of digital vouchers since the last few years, corporate expense management has
become a lot smoother and efficient for both companies and their employees. Delays from corporate benefits and
logistics issues are now a thing of the past; it’s now just a matter of a few clicks to get everything sorted.
But why are corporate vouchers and e-wallets gaining so much traction over the traditional paper-based vouchers
that have been in vogue for so long? Below are given seven benefits that explain why the digitisation of vouchers
have become such an indispensable part of today’s fast, technology-empowered world

2. Minimisation of expenses
Apart from cutting down on unnecessary
expenses of the employer related to
printing, logistics and inventory
management, digital vouchers also let
employees enjoy significant tax savings.
In general, digital vouchers do not
contribute to an employee’s taxable income,
which amounts to greater savings for the
employee. In fact, organisations too can
gain tax exemptions by showing digital
reimbursements against their expenses.

3. Greater convenience
The arduous task of carrying and managing
paper vouchers is quite painful to say the
least.
But digital vouchers don’t need to be carried
around like their paper counterparts
With smart phones becoming the repository
of digital vouchers, individuals no longer have
to carry bulky booklets and waste their time
counting coupons while paying.

4. Tax compliant
Digital vouchers are totally compliant
with RBI guidelines and tax norms.
This makes them a safe and secure
method of making payments.

5. Better tracking and control
Tracking paper-based expenses is often a
hassle for the individual as well as the
company, leading to discrepancies in
expense management.
Digital wallets make the process easier
by offering a single dashboard through
which the employer as well as the
employee can keep a tab on the
expenses.
Not only that, digital vouchers give
better control to employers over their
corporate disbursement process, giving
way to an efficient expense
management practice.

6. Enhanced security
With digital wallets, there is no risk of them
getting lost or stolen, unlike paper-based
vouchers which once stolen are almost
impossible to recover.
Most digital vouchers are password protected
with PCI-DSS compliant frameworks in place.
Even if the users lose their smart phones, they
can easily block their wallets or change their
login credentials to keep security threats at
bay.

7. Heightened flexibility
Digital vouchers have gradually ventured
beyond the online domain and are now
accepted at various offline outlets.
This makes them more flexible, as opposed
to paper-based vouchers which are majorly
limited in scope and outreach.

8. Eco-friendly
Go green’ is the mantra that everyone is
following nowadays and it goes
brilliantly well with the concept of
digital vouchers. Digital vouchers help
save paper, making them a more eco-
friendly option than paper vouchers.
With so many benefits attached to
them, it is no wonder that digital
vouchers are taking the corporate sector
by storm.

9. THANK YOU!
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