Zaggle Launches ‘DIY’ Employee Expense Automation Platform for Growing Businesses

Indian B2B FinTech Zaggle has launched an employee expense automation platform designed for growing businesses.

The new XPNS platform is designed to be a “do-it-yourself” solution that helps businesses transition from manual to automated expense processes within 30 minutes, Zaggle said in a Tuesday (June 6) press release.

“There is a significant demand for innovative technology solutions to modernize expense management and maximize efficiencies,” Zaggle Managing Director and CEO Avinash Godkhinidi said in the release. “However, businesses are caught between either traditional manual methods or automation solutions primarily designed for large-scale enterprises with complex functional requirements and integrations that are ill-suited to their needs.”

XPNS is designed to bridge that gap with solutions designed for growing businesses, according to the release.

The expense automation platform integrates the core expense management software with prepaid cards so businesses can issue and manage cards from the system, define spending limits and minimize fraud, the release said.

It also enables expense submission, reads receipt images and submits detailed expenses without manual data entry, and has a rules-based engine for compliance checking, per the release.

“Do-it-yourself applications have transformed the consumer payments space, and our customers, especially tech-savvy businesses, expect similar intuitive consumer-grade solutions to manage business payments,” Zaggle Chairman and founder Raj N said in the release.

When employees are out in the field buying supplies or incurring other expenses — often laying out their own cash and then seeking reimbursement later — it can take days or weeks for small companies using manual methods to reconcile receipts and finally clear the way for funds to be disbursed, Paymentus Head of Product Chris Trainor told PYMNTS in an interview posted Wednesday (June 7).

Automation can take the burden of expense management away from smaller operators, Trainor said.

The new offering from Zaggle comes about 10 months after the firm launched a product called Zoyer that brings accounts payable (AP) and credit card payments together on a single platform, simplifying and automating B2B payments for small- to medium-sized businesses (SMBs).

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