Published On:July 10 2024
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Zaggle Honored with Prestigious Awards for Brand and Product Innovation.

Zaggle Prepaid Ocean Services Limited has garnered significant acclaim with three prestigious awards recognizing its innovative spend management solutions. These accolades underscore Zaggle's remarkable achievements in developing and implementing cutting-edge solutions that drive substantial business impact.

At BW's Festival of Fintech Awards & Conclave 2024, Zaggle stood out among its peers, earning the coveted "Fintech Brand of the Year" award. The company further solidified its leadership in the industry by clinching two honors at the 11th Payments Industry Awards 2024: "Best Spend Management System" and "Best Card Initiative" for its Zaggle ZatiX - Spend Analytics Platform.

These awards highlight Zaggle's commitment to innovation and disruption in fintech, its customer-centric approach, robust growth trajectory, industry recognition, and positive brand perception. Zaggle's spend management solutions have significantly boosted operational efficiency, slashing procurement cycle times by 30% and enhancing expense report accuracy by 70%. Moreover, streamlined workflows have reduced processing times by 90%, elevating employee productivity and satisfaction.

The platform's real-time visibility into spending activities empowers proactive decision-making and cost control measures, earning praise from analysts and clients alike for its reliability and effectiveness. Zaggle's comprehensive feature set, seamless integration capabilities, and ESG-aligned goals further differentiate it in the marketplace, delivering tangible benefits in environmental stewardship, cost savings, and stakeholder engagement.

Raj N., CEO of Zaggle, emphasized, "These awards underscore our strategic focus on revolutionizing expense management through advanced analytics and superior user experiences. Since the introduction of Zoyer, our seamless invoice processing and automation have streamlined operations for partner brands, significantly reducing manual interventions and enhancing productivity across departments."

Zaggle, listed on both BSE and NSE since September 2023, continues to deliver robust financial performance, marking profitability for the last 17 quarters. In Q4 FY24, the company reported a 1.5-fold increase in net profit to ₹19 crore, underscoring its growth momentum and strong market presence with over 650 new partnerships signed in the past year.


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