BizPay vs Gate Chits

Get 360° visibility and 100% control over all business expenses with bizpay. BizPay platform has 2 interfaces, a mobile app and a web app. The mobile app is used by employees that are out of office incurring expenses on behalf of the company, through the mobile app they can request for money, receive the money, make the expense and even submit expense reports. The web app is used on the desktop by the Finance Team as the software Admin for adding employees, generating reports, configuring workflows & settings, approving expense reports, etc. Managers and Finance Teams can easily track expenses and reduce wastage, thus saving lots of the company’s money, whether they are at HQ or working remotely. BizPay has simplified the entire Expense Management process:- Once you have signed up we open a virtual account at IDFC First Bank which you can use to park funds meant for expenses. We assist you to set up and configure the software so that you get optimal benefit and it is aligned with the existing process of your industry. Each employee is allotted a prepaid corporate card and a UPI enabled digital wallet. Through the mobile app, employees request the company for money to be transferred to their digital wallet. These funds will be used for company expenses. Through a configured approval workflow, the money request is first sent to an approver and then to a verifier. Once approved the money is instantly transferred from the company’s virtual account to the employee's digital wallet and connected prepaid corporate card. Employees can make company expenses through:- Swipe or tap card at POS. Online purchases. UPI payments. IMPS bank transfers. Cash withdrawal at an ATM. And any other new technology that comes up in the future. Every expense is seamlessly captured by the software. Employees simply add receipts and invoices to each expense. Employees accumulate all their expenses into an expense report and submit it for approval. Approved expenses are automatically transferred to the accounting software. With BizPay you can:- Track all business expenses, especially those made by employees on the move or at remote locations. Easily manage petty cash across all branches spread out across many geographies. Check expenses against approved budgets and avoid overspending by taking corrective actions immediately. Analyse expense trends by time, team, employee, department, function, project, etc. Enforce corporate expense policies by automatically flagging expenses that violate the configured spending limit. Keep a detailed audit trail of all transactions, edits, submissions, approvals, etc. Get 360° visibility and 100% control over employee expenses and experience:- At least an 80% reduction in expense report reconciliation time. Over 300% reduction in errors and misstatements within expense reports. BizPay is excellent for Companies who:- Have a sales and distribution team travelling to meet customers/partners. Have an operations team travelling for installation and/or repair of your products. Have multiple sites/projects running at various locations needing regular expenses and/or purchases. Have many branch offices, shops or retail outlets which regularly need petty cash. Have CXOs that need to regularly travel to meet various stakeholders.

Gate Chits Subscriber app provides below functionalities to their users. DashBoard Management : - User-friendly dashboard displaying all chits, total due, dividends gained. - Options to navigate to My Chits, Join Chit Screens and more. Chit Details : - Show information regarding chits like chit period, group code, ticket no, branch name, due, previous auction details, next auction details. - Last 6 transactions made by the user. Payment Integration : - Secure payment gateway for hassle-free transactions. - Options for multiple payment methods including bank transfers, credit/debit cards, and mobile wallets. Join Chit : - Users can onboard through seamless digital verification. - Make payment and join a new chit.