What is Zaggle?
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Company X has 5,000 sales executives. These executives spend money on travel, customer entertainment, hotel stays, etc.
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These sales executives get variable incentives as and when deals get closed. This includes vouchers, Meal cards, Diwali gift cards, etc.
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A sales executive spends ~8-10 hours/month to put all the reimbursements. He feels it’s a cumbersome process. Lot of to and from happens with Finance personnel also. Company also employees additional finance executives to validate these expenses
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All this led to time wastage for Sales executives, additional cost for company and cost leakages due to irregularities in reimbursements
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Company X has ERP integrations with most major ERP providers like SAP.
Solution
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Using Zaggle, Company X can go ahead and say that for this project, I want to limit my overall travel cost to say, INR5 crores. Irrespective of whether the individual cards that have been given to employees, the total limit may be INR30 crores on those cards, across say 1,000 cards or 3,000 cards, but the travel cost should be limited to INR5 crores.
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Now Zaggle will ensure and enable through spend analytics platform on each card spent, link it to the limits and controls that we have set on platform.
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A standalone card platform would not be able to understand what the project code is itself, because the standalone card platform doesn’t have an API integration with the ERP. Because Zaggle’s platform sits in the middle of the card management system, which is the system of transactions, and the system of records, which is the ERP.
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In addition, Company X can see through pie charts, bar graphs, etc. a breakup of where the spends are happening across different spend categories, like saying where is the money being spent for T&E, client entertainment, how does it break up for different geographies, how do employees in Jaipur spend, how do employees in Bombay spend.
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Given Zaggle is integrated with Network partners, it automatically recognizes the vendor category and reduces employee limit from that category when any expense is made.
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