Business Wire India
Happay (now acquired by CRED), a B2B fintech firm, lately launched its vendor cost module — Happay Invoice, which goals to simplify provider funds by enabling direct B2B transfers by way of NEFT/RTGS.
Following the launch of the Happay World Travel Card final month, Happay unveiled its bill processing device to cater to non-card-based business spending. The module is an extra extension of Happay’s award-winning EPIC Card, now bringing each card and non-card business bills below a single platform to present the corporates with higher payable administration and an enhanced consumer expertise.
Happay Invoice, backed by an unsecured credit score line, is designed to streamline vendor funds by offering options akin to fast vendor addition, bill monitoring, and scheduling funds. The improvement additionally ensures same-day bill processing and advantages corporates with improved money circulate and higher visibility of business spending.
Varun Rathi, COO and Co-Founder, Happay, shared, “With a projected exponential development within the international annual bill quantity, bill digitisation has gained extra prominence than ever earlier than. Happay Invoice is the subsequent step in direction of automating and digitising invoice-based vendor funds. With Happay Invoice, as well as to card funds, corporates can now instantly switch funds to vendor financial institution accounts from the obtainable credit score line.”
In the subsequent part of improvement, the product will present entry to superior automation options that can ship transparency, effectivity, and compliance. “Our OCR know-how will auto-capture bill knowledge and create digital invoices, stopping any knowledge entry errors. The product will quickly supply ERP integration and superior analytics options as nicely. Users can convert the insights offered by customized experiences and knowledge into financial savings,” Varun added.
The Bengaluru-based company spend administration firm, which caters to over 6000 corporates throughout all verticals, has been rising ever since its inception in 2012. Happay affords a singular spend administration platform that simplifies all business bills, invoices, and funds. As part of its enlargement plans, Happay has introduced the launch of a journey card product and an bill digitisation product and is wanting to scale additional. 
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