Overview
Optima Books & Periodicals Card is a completely paperless and digital solution designed to help organisations provide payroll benefits to employees against books and periodicals purchases. Organisations can determine monthly or fiscal limits for their employees. An employee can redeem the card balance against Books & Periodicals expense to save income tax.
Potential Challenges Zeta Addresses
- Housekeeping the bills manually and high probability of losing the bills
- Manual verification, approval and delay in payment settlement
- Tiresome and manual entries to initiate claims
- Loads of paperwork, printing and submission of bills
Key Features
Arrays of Books & Periodicals Card features are:
Provides web interface for HR professionals and mobile app interfaces for employees which are available in android, iOS and windows versions.
Enables HR to create and manage books & periodicals card orders with a provision of using custom configurations.
Enables employers to revoke unused amount of the card.
Enables employees to upload bills for reimbursements.
- Enables employees to view and analyse every transaction data and invoices.
Key Benefits
Books & Periodicals card delivers the following benefits:-
For employers:
- Streamlines the overall reimbursement process digitally
- Provides a flexible option for customisation
- Provides provision for digitally verified and signed bills for approval
- Provides an effortless way of managing employees' accounts digitally
- Mitigates human errors
- Eliminates logistic cost
For employees:
- Provides both online and offline payment option
- Provides an option of paying by any denomination
- Eliminates the need for manual bill submission and last-minute hassle of collecting bills
- Eliminates the process of storing and procuring bills
- Provides a secure and effortless way to use and redeem Books & Periodicals Card's balance to save tax