Among the many fast-growing tech firms in Bengaluru, Rohan Joshi is the CFO of one of them. In the changing landscape, the job of a CFO is not just crunching numbers. As a CFO, Rohan has to keep his 700-person workforce happy, engaged, and tax-efficient. Flexi benefits play an important role here. His team has to deal with coffee stained petrol slips, meal invoices crumpled in someone’s bag, monthly Excel uploads, and manual approvals. Imagine all of this multiplied manifold in March as employees scramble to exhaust their flexi benefits before the clock runs out.
Let’s reimagine this differently. Rohan accesses a dashboard that gives him real-time visibility into how every rupee of employee flexi benefits is used. He now knows how the money is spent across meal allowances, fuel, LTA, and more. His team doesn’t need to receive, scan, and store paper receipts. Spending complies with the policies, and there are no delayed approvals. Just one multi-wallet card is making all the difference.
This is how smart finance leaders are redefining flexi benefits with multi-wallet cards.
The Old Playbook Was Broken
Companies have always designed their flexi benefits structure with the right intentions. The primary objective has been tax saving for employees and cost optimization for the company. However, the execution has not been very convenient. Here’s what Rohan’s team and many other finance teams across industries have to deal with:
- Manually check every receipt for reimbursement claims
- Little transparency for employees on how much benefit they have used
- A one-size-fits-all approach that doesn’t consider individual choices
- Year-end panic to exhaust budgets often leads to incomplete or, at times, fraudulent claims
Multi-Wallet Card: How it Redefines Flexi Benefits
Think of a prepaid card, but smarter. You can compare a multi-wallet card with Swiss Army knives, but digital. It is loaded with multiple “wallets” for different benefits like meals, fuel, telecom, wellness, gift cards, and more.
These cards offer you more than just flexi benefits. They bring flexibility, real-time tracking, and compliance to an otherwise mostly paper-based or Excel-based system.
- Real-Time Visibility into Expenses: Blind spots are the most disturbing. With a multi-wallet card, finance teams can see who’s spending what, where, and when, with complete categorization.
- Compliance with Policies: With a smart multi-wallet card like Zaggle Save, companies can configure their policies into the system and ensure that all spending complies with the policies.
- Efficiency in Processes: You needn’t chase employees for approvals and other details. This makes the process more efficient and faster.
- No Budget Overruns: With policies and spending limits already configured, there is a low chance of budget overruns.
Learn more about five reasons why companies are switching to flexi benefits.
- Empowerment of Choices: Different strokes for different folks. A sales exec like Meera may max out her fuel wallet, while a remote-working engineer like Arjun may prefer higher wellness benefits. Companies can customize the allocation of benefits based on employee preferences.
- Seamless Digital Payments: With a multi-wallet card like Zaggle Save, employees can use features like offline and online payment at any VISA or RuPay category merchant. These cards are UPI-enabled and accepted widely.
- Tax Efficiency: Multi-wallet cards are auto-configured to ensure each category complies with the income tax regulations. Employees get the maximum tax benefits, while finance teams stay on the right side of the law.
The Future of Benefits isn’t just Flexible. It’s Intelligent.
Zaggle Save offers you Smart Multi-Wallet Cards
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Why This Matters Now
The workforce across the globe is changing, and fast. Millennials and Gen Zs value personalization and digital convenience over traditional perks. At the same time, retention is a concern in industries with high churn rates like tech, consulting, and startups. It is not just the CHRO who is responsible, the CFO also has a strategic role in formulating policies and introducing digital solutions that enable retention.
Smart CFOs like Rohan are already rewriting the playbook. But the next chapter is about scaling it across the organization, integrating it with payroll systems, and using insights to optimize benefit structures based on actual usage. This is where a smart multi-wallet card by Zaggle Save redefines the flexi benefits landscape. With Zaggle Save, you can think of a world where your multi-wallet dashboard tells you:
- Which benefits are underutilized
- How to tweak allocations for max employee impact
- What savings can your organization unlock next quarter
The Future of Benefits isn’t just Flexible. It’s Intelligent.
Zaggle Save offers you Smart Multi-Wallet Cards
Offer Smart Benefits Now
Final Thoughts
Employee flexi benefits aren’t just an HR checkbox. They are a strategic lever for employee satisfaction, financial wellness, and retention. Ideally, the employee flexi benefits program must be such that it enables companies to customize the categories as per their policies and employee preferences. It should offer visibility and transparency to both employees and the finance team. A multi-wallet card like Zaggle Save has dashboards that can help you make more informed decisions with its real-time tracking and insights. With Zaggle Save, you don’t just streamline your operations; you convey to your employees that you trust them, empower them with choices.
Ready to Upgrade Your Flexi Benefits Playbook?
Do it with Zaggle Save Multi-Wallet Cards
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