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Gear up for Corporate Spend
Automation Plan-2020
Why Spend Management is need of the hour?
Source: LiveMint Source: LiveMint Source: India Today
GDP, Manufacturing PMI are falling and CPI Inflation is on the rise. For the companies controlling
spends is important in this environment. Currently companies manage spends manually, end to
end spend automation is the key.
Retail Inflation
Large scale business automation
take 2 years on average to yield
significant results
70% of companies do not meet
their stated goals when it comes
to IT transformation Source: FORBES
What are key apprehension of CIOs towards IT Transformation?
11%
38%
38%
We primarily see
mid-term returns
(13-24 months)
We primarily see
long-term returns
(more than 24
months)
Inconsistent
Timing (1%)
We primarily see
near-term returns
(12 months or less)
Source: FORBES
How businesses can change this existing trend associated with IT transformation?
Cloud Based Spend Management Solution is the answer
Quick implementation
Cloud based SAAS solution are
known for their swift
implementation. Average time
require for implementation is
just 3 month
Faster ROI
57% of companies who have
opted cloud-based solution
have managed to achieve ROI
within 1 year
Ability to eliminate upfront infrastructure investment and for applications in the cloud offers
enterprises significant start-up cost benefits and significantly reduces time to market.
CURRENT SCENARIO
Employees attach bills to get
reimbursements
Approvals are manually
routed from one to other
Organisations still do manual
entry of vouchers
No visibility on budgetary
lapses & culprits
75%
66%
59%
48%
POLICY COMPLIANCE COMPROMISED:
Inefficient ways to monitor deviations in travel policy
WRONG IT SYSTEMS & SOFTWARE:
Most feel that ERP, Accounting s/w, or HRMS can
manage T&E expenses
TRANSPARENCY IS A HUGE CHALLENGE:
Poor visibility into budgetary lapses, leakage prone
areas
5
VA TECH VENTURES. PROPRIETARY & CONFIDENTIAL
CHALLENGE WITH AS-IS PROCESS
LESS CONTROL OVER SPEND:
Siloed processes, erroneous data, unfit
Vendor’s Roadmap alignment with your use-case
Make usability a key selection criteria, but critically evaluate how much of the R&D roadmap will
be of practical use to you
Recommendations: When it comes to choosing a SAAS Solution for your business
Use-case in Similar Vertical
Select vendors based on their experience and capability of serving customers "similar to you."
Correct Fit for Demographic
Place emphasis on out-of-the-box support for your organization's country- specific and industry-specific requirements.
Exceptional Analytics & Data-Capturing Capabilities
Evaluate providers on their approach and level of sophistication to capturing receipt images, as
well as on their approach to reporting and analytics.
SOURCE: Market Guide for Travel Expense Management Software
2020 VA TECH VENTURES - COMPANY CONFIDENTIAL
• End-to-End Automated Solution
• Streamlined Travel and Business
Expense Workflow
• Seamless integration with TMC, ERP
and HRMS Integration.
A NEW AGE EXPENSE
MANAGEMENT SOLUTION
WHAT IS HAPPAY?
HAPPAY BENEFITS AT GLANCE
042020 VA Tech Ventures - Company Confidential
ROBUST POLICY ENGINE
FASTER REIMBURSEMENT
SEAMLESS INTEGRATION
STRONG ANTI-FRAUD CONTROL
REAL-TIME DATA VISIBILITY
EASY SPEND RECONCILIATION
STRESS- FREE AUDIT
USPs
7X
Faster processing
of expenses
ROI WITH HAPPAY
96%
Reduction in
paperwork
>50%
Increase in employee
productivity
100%
Visibility & control
over expenditure
100%
Digitalisation of
expenses
5500+
Customers across India
40+
Business Verticals
1Bn $
Gross Merchandise Value
160+
Cities and towns in which
Happay cards are used
10+
sales offices
across India
ABOUT
2020 VA TECH VENTURES - COMPANY CONFIDENTIAL
VARUN RATHI
Co-founder & COO
ANSHUL RAI
Co-founder & CEO
FOUNDERS
INVESTORS
OUR REACH
CLIENTELE
THANK YOU

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Gear Up For Corporate Spend Automation Plan-2020

  • 1. Gear up for Corporate Spend Automation Plan-2020
  • 2. Why Spend Management is need of the hour? Source: LiveMint Source: LiveMint Source: India Today GDP, Manufacturing PMI are falling and CPI Inflation is on the rise. For the companies controlling spends is important in this environment. Currently companies manage spends manually, end to end spend automation is the key. Retail Inflation
  • 3. Large scale business automation take 2 years on average to yield significant results 70% of companies do not meet their stated goals when it comes to IT transformation Source: FORBES What are key apprehension of CIOs towards IT Transformation? 11% 38% 38% We primarily see mid-term returns (13-24 months) We primarily see long-term returns (more than 24 months) Inconsistent Timing (1%) We primarily see near-term returns (12 months or less) Source: FORBES
  • 4. How businesses can change this existing trend associated with IT transformation? Cloud Based Spend Management Solution is the answer Quick implementation Cloud based SAAS solution are known for their swift implementation. Average time require for implementation is just 3 month Faster ROI 57% of companies who have opted cloud-based solution have managed to achieve ROI within 1 year Ability to eliminate upfront infrastructure investment and for applications in the cloud offers enterprises significant start-up cost benefits and significantly reduces time to market.
  • 5. CURRENT SCENARIO Employees attach bills to get reimbursements Approvals are manually routed from one to other Organisations still do manual entry of vouchers No visibility on budgetary lapses & culprits 75% 66% 59% 48% POLICY COMPLIANCE COMPROMISED: Inefficient ways to monitor deviations in travel policy WRONG IT SYSTEMS & SOFTWARE: Most feel that ERP, Accounting s/w, or HRMS can manage T&E expenses TRANSPARENCY IS A HUGE CHALLENGE: Poor visibility into budgetary lapses, leakage prone areas 5 VA TECH VENTURES. PROPRIETARY & CONFIDENTIAL CHALLENGE WITH AS-IS PROCESS LESS CONTROL OVER SPEND: Siloed processes, erroneous data, unfit
  • 6. Vendor’s Roadmap alignment with your use-case Make usability a key selection criteria, but critically evaluate how much of the R&D roadmap will be of practical use to you Recommendations: When it comes to choosing a SAAS Solution for your business Use-case in Similar Vertical Select vendors based on their experience and capability of serving customers "similar to you." Correct Fit for Demographic Place emphasis on out-of-the-box support for your organization's country- specific and industry-specific requirements. Exceptional Analytics & Data-Capturing Capabilities Evaluate providers on their approach and level of sophistication to capturing receipt images, as well as on their approach to reporting and analytics. SOURCE: Market Guide for Travel Expense Management Software
  • 7. 2020 VA TECH VENTURES - COMPANY CONFIDENTIAL • End-to-End Automated Solution • Streamlined Travel and Business Expense Workflow • Seamless integration with TMC, ERP and HRMS Integration. A NEW AGE EXPENSE MANAGEMENT SOLUTION WHAT IS HAPPAY?
  • 8. HAPPAY BENEFITS AT GLANCE 042020 VA Tech Ventures - Company Confidential ROBUST POLICY ENGINE FASTER REIMBURSEMENT SEAMLESS INTEGRATION STRONG ANTI-FRAUD CONTROL REAL-TIME DATA VISIBILITY EASY SPEND RECONCILIATION STRESS- FREE AUDIT USPs 7X Faster processing of expenses ROI WITH HAPPAY 96% Reduction in paperwork >50% Increase in employee productivity 100% Visibility & control over expenditure 100% Digitalisation of expenses
  • 9. 5500+ Customers across India 40+ Business Verticals 1Bn $ Gross Merchandise Value 160+ Cities and towns in which Happay cards are used 10+ sales offices across India ABOUT 2020 VA TECH VENTURES - COMPANY CONFIDENTIAL VARUN RATHI Co-founder & COO ANSHUL RAI Co-founder & CEO FOUNDERS INVESTORS OUR REACH CLIENTELE