Zeta, an emerging player in the space of mobile and digital payments, today launched 3 new digital solutions in the employee tax benefits and rewards space.
"Employee benefits and rewards as a space has remained the same for decades. Companies are forced to use age-old practices for the lack of a wholesome and better solution. This space was waiting for a disruption and Zeta is ushering in this revolution by being the first such solution in this space in India," Zeta Co-Founder & CEO Bhavin Turakhia said.
Zeta provides an end-to-end solution for companies to manage their employee tax benefits and rewards programmes electronically. Using a single web-based interface, an HR Manager is connected to every employee's mobile phone. With a click of button, HR Managers can send grants of meal vouchers, medical reimbursements, gifts etc to all their employees, across cities, instantly.
Zeta's solution can be used by any corporate irrespective of the employee strength or location and an HR Manager can set up Zeta in under 5 minutes.
Ramki Gaddipati, Co-founder and CTO at Zeta adds, "Zeta's technology is cutting edge. We have built this system to be intuitive and intelligent. Zeta also brings down the allowance claim process timeline from weeks to just a few minutes. We use machine learning and image processing technologies which helps us achieve a reduction in both, time and cost of processing bill claims."
Earlier this year, Zeta introduced its electronic meal voucher solution - Zeta Meal Vouchers. This solution has seen rapid acceptance in the market with over 200 plus corporates across industries already using this product.
Employees do not have to carry bulky booklets or count coupons during payment as Zeta vouchers are always available on their phones.
The company has signed with top 200 corporates having 10,000 employees in the country and hopes to sign with 100 more corporates in the near future, Turakhia said.
Zeta's parent company Directi is a conglomerate of tech companies having a presence in India, US, China, Dubai and Europe.