Optima Books & Periodicals card is a completely paperless and digital tool designed to help organisations to provide income tax benefits to employees against books and periodicals purchases. The solution is completely customizable to suit your company policies. This benefit is extended to employees for purchasing newspapers, magazine, books and periodicals that are related to the profession of the employee. 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
Some challenges that we are trying to overcome are
Housekeeping the manual bills 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
Overall cumbersome claim process
Key Features
Arrays of the feature of Books & Periodicals Card 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 view and analyse every transaction data and invoices.
Key Benefits
Book & 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.
Provides premium customer support.
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.