Happay provides an enterprise-ready suite of Travel, Expense and Payment solutions that are all well-integrated to offer a fast & delightful pre-trip, on-trip and post-trip business travel experience for employees, while giving businesses 100% real-time visibility & control on their travel spends.
Anshul Rai and Varun Rathi were inspired to start Happay to simplify financial processes and expense management for businesses. Initially, Happay was launched as a consumer-based product aimed at simplifying peer-to-peer payments. However, the founders quickly identified a more significant opportunity in the B2B space, focusing on automating and streamlining expense management for companies. This pivot was driven by their realization of the inefficiencies and challenges businesses face in managing expenses, which they believed could be addressed through technology and innovation.
When Happay was first launched in 2012 by Anshul Rai and Varun Rathi, the initial vision was to create a consumer-based product to simplify peer-to-peer payments. This vision was focused on making financial transactions easier and more accessible for individual users. However, over time, the founders identified a more significant opportunity in the B2B space and pivoted towards providing solutions for expense management and financial processes for businesses.
“As official travel is continuously rising, Happay has developed AI-powered capability within its Enterprise Edition to help reduce the tax burden for both corporates and its employees. The bills for daily allowances will now automatically get captured from various sources and saved in the software adding to convenience for employees.”
Anshul Rai, chief executive officer at Happay.
The company now has a significant market presence, with more than 7,000 business customers, across a variety of industries.
Happay differentiates itself by delivering a highly flexible and full-stack payment and expense management platform. Designed to integrate with various IT systems, ecosystems, and verticals, Happay’s platform is accessible and built to be easily adopted by businesses in a variety of industries.
From the beginning, Happay invested heavily in technology, ensuring they used the latest solutions to meet evolving business needs. Happay conceptualized a 'Software plus Payments' model for Expense Management. This innovative approach sets them apart from existing solutions in the market.
Happay’s consumer-focused start helped the company gain a user-centric approach that drives their perspective as they build tools for the enterprise. The company focused on creating an elegant and intuitive user interface, making their product more accessible and appealing to users.
By combining these elements, Happay was able to differentiate itself as an innovative, user-friendly, and technologically advanced solution in the expense management space at launch.
The Happay solution is centered around automating tasks that can be error-prone and time-consuming. With a feature-rich mobile app and expense management platform, Happay customers can deliver end-user experiences that make expense management easy for all parties.
Happay Streamlines data entry for all users. With various means of data capture, companies make it easy for user adoption and accuracy. Users can capture expense data via OCR, WhatsApp, and email. The Mobile App even includes automatic route capture to assist with mileage reimbursement.
In addition to Happay’s Mobile App, their full T&E suite offers audit and approval functions, to enable companies to keep the entire expense workflow in one place. Happay’s SmartAudit automatically audits and flags every violation in every expense report. Happay’s ApprovNow automatically sends real-time alerts & notifications throughout the approval process, to all parties involved – employees, approvers, and finance.
Happay customers have the ability to leverage all expense data to execute deep analytics and extract insights that inform the business. With Happay’s analytics suite, customers can answer the following questions: Who are the top spenders? Who are the top policy violators?
Which department is spending the least and most? What is the average time taken for approvals? Happay’s DeepAnalyze gives visibility into every cost center and expense report, with the ability to create custom reports for specific workflows unique to company processes.
Happay continues to emphasize its use of AI-powered processes and integration capabilities with various IT systems. Happay continues to innovate and expand its product offering to improve how companies manage their expense processes.
Happay has developed a comprehensive suite of expense management solutions, including Self Booking Tool (SBT), Xpendite, SmartAudit, ApprovNow, and DeepAnalyze. They have also expanded into corporate payment solutions with EPIC Credit Cards and various types of prepaid cards.
The expense process is critical for companies in all industries. As the future of work evolves, the expense process will become more complex. As employees become more flexible and remote, the expense process needs to adapt to this new way of working. Happay is at the forefront of creating the technology infrastructure to ensure this shift in the landscape is met with solutions that companies need for their long-term growth and success.
Companies can maintain a record of their employees expenses through Happays latest enterprise edition.
E-commerce is the mantra of the day and at least two new startups make it to the headlines in the news every day. Happay is one such B2B startup that has revolutionized the manner in which businesses monitor and control the expenses incurred by their sales personnel.