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Parijat engaged in agrochemical mfg with Happay to streamline expense mgmt
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Wednesday, 21 June, 2023, 12 : 00 PM [IST]
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Our Bureau, Bengaluru
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Parijat Industries, a global leader in agrochemical manufacturing, partnered with Happay, India's largest Travel and Expense (T&E) management platform for enterprises, to centralise its expense management, automate T&E processes, and get real-time insights into its fleet expenses.
Spread across 60+ countries and 4 international offices, Parijat has been a leader in agrochemical manufacturing for 30+ years now. It serves farmers worldwide by building global partnerships and supplying quality, cost-effective crop protection chemicals. The company adopts a mobile-first approach. Earlier it used its existing order management software with an expense module to manage its growing expenses.
However, this software was complicated to use, and the fleet force found it challenging. This was when Parijat Industries decided to leverage the mobile-first approach for T&E management that Happay offered.
Happay's easy-to-use and intuitive UI in mobile and web apps made it easy for Parijat's employees to adopt the software quickly. What's more, the fleet force uses the Happay mobile app to file expenses on the go. Now, even rural users can easily file expenses on the mobile app without any hassle.
"Until Happay, we believed that expense management is torture for everyone. Not only did Happay change this for us by fastening our reimbursement cycles, reducing approval delays, and improving our finance team's productivity, but it also did all this while being the simplest software to use," said Uday Anand, director & head of IT, HR, and admin, Parijat Industries.
Reduced expense approval cycle in a study by PayStream Advisors found that companies that do not use an automated expense approval process experienced a delayed reimbursement cycle of a minimum of 17 days. This was the next critical challenge the agrochemical giant faced.
"As we grew our domestic presence, expenses also grew. Our 3-step manual expense approval process became inefficient and delayed everything by months. Happay quickly solved this challenge with its ApprovNow feature that automated approvals based on predefined rules and reduced the 3-step manual approval process to just one step," said Anand.
Prior to installing Happay, salespersons struggled with expenses as they spent their own money. It was leading to prolonged reimbursement cycles and loss of productivity. However, the adoption of Happay cards led to a 100% better employee experience and satisfaction. Furthermore, using the Xpendite feature, the finance team now had real-time visibility on every employee’s expense, bringing cash leakage to 0%!
Happay's innovative technology, AI-driven insights, customisation options, and unwavering customer support have played a pivotal role in its success.
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