Zaggle Launches Zoyer To Modernise Business Payments For Enterprises And SMEs

* Data-driven business spend platform tightly coupled with Zaggle credit cards

Zaggle, India’s leading B2B2C SaaS FinTech providing integrated card products bundled with SaaS-based business spend offerings, today, announced the launch of Zoyer to simplify and automate business to business payments for Enterprises and SMEs.  Zoyer unites accounts payable and credit card payments onto a single platform to enable enterprises streamline business to business payables for effectively managing operating cash flows and maximizing business performance.

The latest innovation is another step in actualising Zaggle’s vision to becoming a global digital bank that addresses the complete financial management, payments and credit flow needs of enterprises and SMEs. Currently, Zaggle’s multi-product suite is deployed by some of the largest corporates and SMEs in India to manage employee expenses and channel incentives tightly integrated with prepaid cards from leading banks in the country.

Business-to-business (B2B) payables is estimated to be a US$2 trillion opportunity in India. Today a significant proportion of spend is entrenched in paper-laden, manual and complex processes, which hamstrings ability of finance, procurement, technology teams to effectively manage operating cash flows. A cloud-native platform, Zoyer improves efficiencies by automating the complete accounts payable lifecycle including supplier on-boarding, PO issuance, invoice capture, three-way reconciliation, payments and advanced reporting.

The platform supports multi-payment rails real-time account to account and card rails enabling businesses to make payments from within the same platform. Zoyer uniquely embeds Zaggle branded card products such as Founders Card and corporate credit cards directly into accounts payable workflows for seamless payments. The integrated credit card offering enables corporates to securely and efficiently manage a range of transactions including vendor payments, utility and tax (GST) payments. Corporates benefit from optimised processing costs via earned rebates and cashbacks with the added benefit of access to immediate credit to improve working capital and better manage liquidity positions.

Speaking on the launch Raj N, Founder, Zaggle, stated; “We are excited to launch Zoyer to drive the next stage of development in our digital banking journey and deliver real value to our customers. B2B enablement to track, monitor, issue and manage credit and access to credit for the enterprise and SME segments represent a trillion-dollar market opportunity and is ripe for disruption. At Zaggle, we are continually striving to deliver best-in-class digital solutions to become the preferred one-stop B2B payments and credit provider for enterprise and SMEs. Zoyer reinforces our ongoing commitment to empower businesses with solutions engineered to optimise core financial management processes and strengthen organizational resilience.”

Speaking on the launch, Avinash Godkhindi, CEO, Zaggle, said; “Enterprises and SMEs have a significant need to digitalise B2B payment processes so they can rapidly adapt to changing market dynamics. But the segment remains vastly underserved by incumbent solutions and limited self-manageable credit cards or corporate cards. We are proud to bring a functionally rich, business spend management platform with credit/corporate cards capabilities that makes capital-efficient growth a reality. Beyond digitalising core invoicing and payment flows, with Zoyer, we are laying a strong growth foundation by enabling businesses to manage liquidity through better allocation of working capital and providing an immediate credit line tied to credit cards.”

Speaking on the launch Sathish N, CPO, Zaggle, said; “Zoyer is part of a rapidly growing portfolio of innovative financial management SaaS solutions that Zaggle is launching for the enterprise and the SME segment. Zoyer is a natural adjacency for us, which makes our spend management offering more complete and just perfect for Zaggle to get into corporate spend cards and credit cards. Zaggle positioning with Zoyer as the single source of truth on everything “Expense” for businesses that we serve. Additionally, a platform-centric approach allows us to layer on allied Zaggle branded and third-party products to meet evolving financial needs of businesses, minimising the need for investments in multiple systems, he added.”

Zoyer offers a mobile-first, data-driven decisioning, API-first technology platform that tightly integrated with CMS platforms to enables continual and efficient credit management within the business workforce. In the initial launch, five critical personas and their pain points will be addressed. These will be further enhanced, basis a robust research based 12-month roadmap in place. Built over the Amazon cloud, Zoyer’s customers can deploy the full-stack platform with minimal upfront investment and a competitive ‘pay as you use’ commercial model.  The unique features built into the platform include:

o   AI and ML-based touchless invoice processing workflows eliminate manual tasks and improve straight through processing

o   Support for multiple payment modes, including corporate credit cards, real-time payments, and bank transfers in line with business needs

o   Embedded credit card and virtual card offering provides opportunities to earn cash back and rebates on spend

o   Integrated analytics offers insights to power continuous process improvement and optimise spends

o   Assured compliance with in-country invoicing, data archival, and taxation regulations

o   API-first architecture for seamless integration with existing ERP and accounting systems as well as payment processors, banks and third party added value service providers

For more details please see- https://www.youtube.com/watch?v=2X-gwltnH5w

About Zaggle 

Zaggle is a profitable SaaS FinTech company that is digitizing business spends to drive growth and unlock value through innovative and automated workflows. Zaggle was founded by Raj. N, a serial entrepreneur and an active angel investor with a vision to become a global digital bank. The company began its journey in 2011 with the vision of developing a digital ecosystem that would connect corporations and their users with partner merchants through its innovative FinTech solutions. Since its inception, Zaggle has been working on evolving technologies that have helped the company to develop relevant solutions and platforms that are in raging demand in the contemporary times. Our specialty lies in arraying cutting edge technologies viz., AI (Artificial Intelligence), ML (Machine Learning) and OCR (Optical Character Recognition) which are conducive in facilitating a seamless experience to our users. At present, Zaggle is closely working with IndusInd, RBL, NSDL Payments Bank and YES Bank and RuPay, VISA and MasterCard.?  

Currently, Zaggle has 4,500+ clients, 12000+ merchants and over 4.5 million users. The company has offices across 9 cities with 350+ employees and is committed to bringing the best in class user experience to its users. 

Zaggle’s Solutions: 

•Save: Save is a spend management, employee reimbursements and benefits platform that enables companies and their employees to save by digitising, organising and aggregating their spends. The entire process is digital which facilitates complete transparency in terms of the spend being on the correct category and making the process entirely seamless and enabling users to effortlessly manage their spends. The platform is powered by AI and ML which can easily identify and duplicate bills and helps companies save more annually. 

•Propel: Propel is an employee rewards & recognition and channel incentivization solution that enables companies to communicate, engage, motivate and reward its employees and channel partners to drive growth. It helps in solving the intricate issues that involve the management of the complete lifecycle of sales incentives right from the development of schemes until the end-users receive it including analytics and reconciliation. This platform manages all your reward programs from a single integrated platform to increase productivity, greater profitability and reduced attrition. 

This Festive Season De Beers Forevermark Unveils The Bold New Additions From The Forevermark Avaanti Collection

This festive season, sees three exciting new additions to the Forevermark Avaanti collection. Adding a fresh, contemporary chapter to the evolution of the modern collection, the latest designs embody a spirit of possibility, inspiring the wearer to realise their power and make a lasting statement every day. 

Driven by a single belief that what the future holds can unfold from a single ripple, the Forevermark Avaanti collection is a reminder of the remarkable things that follow from life’s first leaps. The new distinctive wrap design is an evocative symbol of the path already forged and the future that can still be influenced. Like an unstoppable current, the curves of the new distinctive wrap design swirl around with unyielding momentum.

“Diamonds hold a deep emotional value for our clients in India and with the success of the Avaanti Collection last year, we saw the rising demand for everyday wear, classic jewellery so this season we are introducing a bold new addition of the Forevermark Avaanti Collection in three contemporary new designs. Each diamond in the collection comes with a De Beers Forevermark’s unique inscription number that bears the assurance of each diamond being beautiful, rare, and responsibly sourced.” said, Mr. Sachin Jain, Managing Director, De Beers India.

The new rings, pendants and earrings all feature a genuine and natural diamond, set in 18K yellow, white or rose gold. The clean, dynamic designs are also available with the added radiance of pavé-set diamonds. Worn together or alone, these earrings, pendants, and rings make a bold statement of confidence, adding to the ever-evolving story of those seeking their next adventure.

The Forevermark Avaanti Collection is available at authorized De Beers Forevermark jewellers or to discover the collection online please visit the Forevermark Avaanti Collection online.

Kohli Recalls Childhood Memories With Cool Street Cricket Slangs

Street cricket has been an integral part of almost everyone’s childhood, especially if you are born in a cricket-crazy nation like India.

On Thursday, star India cricketer Virat Kohli walked down memory lane and recalled funny street cricket slangs used during his childhood in a video uploaded by him and sportswear brand PUMA on its social media platforms.

A video, titled Do You Know Your Cricket Slang put the spotlight on Kohli as the batting icon explained the meanings of popular local slangs used in Indian street cricket such as ‘Batta’ and ‘Baby Over’.

Kohli couldn’t hold back the laughter as he narrated the instances in response to local cricket terms. “Batta is a desi and rugged word for chucking,” Kohli said as part of his funny response to the term as he spent some light moments off-the-field in a short fun video clip.

Batta is a commonly used word in Indian street cricket where a bowler might chuck the ball.

The 33-year-old batting legend is also known for his fun and jovial side. The amusing video clip, organised by PUMA, witnessed the passionate cricketer’s off-the-field personality. Cricket is full of offbeat terms and expressions and a successful player ought to know his game-glossary well.

Kohli has, undoubtedly, performed exceedingly well over the last few weeks, slamming his much-awaited 71st century as well as two half-centuries to conclude tournament as the second highest run-getter.

PUMA shares a close association with Kohli since 2017 and collaborates with him on brand one8. The German sportswear brand is also the official kit partner of IPL franchise Royal Challengers Bangalore with Kohli as a key player in the team.

Lam Research Opens New Center For Engineering In Bengaluru, India

* New, cutting-edge facility will leverage the country’s engineering talent pool to accelerate Lam’s research and development of semiconductor manufacturing equipment & related technologies 

Lam Research Corp. (NASDAQ: LRCX) today celebrated the opening of the company’s new India Center for Engineering in Bengaluru, the company’s most advanced facility in the country to date. The new lab will focus on the research and development (R&D), engineering and testing of wafer fabrication hardware and software used in the creation of next-generation DRAM, NAND and logic technologies, and will be an integral part of the company’s leading-edge global network of labs. 

“We are proud to build on our long-standing presence in India with the opening of our new, world-class Center for Engineering,” said Tim Archer, president and CEO of Lam Research. “This important facility is an expansion of Lam’s R&D operations and will play a critical role in the creation of new technologies needed in a time of rising semiconductor manufacturing complexity. It enables us to capitalize on the tremendous pool of technical talent in India as we strive to solve our customers’ biggest challenges.”

At the new lab, engineers will span a range of disciplines, from plasma and materials science to artificial intelligence and software controls. Featuring state-of-the-art design and testing equipment, Lam engineers in India can design, test, and validate new deposition and etch technologies on site rather than sending them to other locations, thereby offering the potential to significantly shorten the design cycle. The new lab will also feature virtual reality facilities to connect with other engineers around the globe. 

“Since opening our first facility in India two decades ago, the ingenuity and dedication of our engineering and operations teams here have been key to the development of innovations that have helped propel the advancement of semiconductor technology,” said Rangesh Raghavan, Lam Research’s India corporate vice president and general manager. “I would like to thank our employees in India and around the world for their work to help to make this new, state-of-the art facility a reality.”

In addition to the new center, Lam currently operates two additional facilities in Bengaluru largely dedicated to software and hardware engineering and support for Lam’s global manufacturing operations. 

At today’s opening ceremony, Lam also announced scholarships for three female students to pursue their engineering studies as part of Lam's ongoing commitment to inspiring and supporting future science, technology, engineering and math talent, including potential opportunities for the semiconductor industry in India. 

About Lam Research  

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better-performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com.  

Great Learning To Host A Webinar On “How To Kickstart Your Career In EV Industry " On Sept 16

Great Learning, a leading global edtech company for higher and professional education is hosting a webinar for working professionals and fresh graduates who are looking for a career in EV Industry. The webinar will provide an overview of the current EV landscape, discuss career paths, types of jobs, and key skills required to crack them. This engaging live session will be followed by a Q/A round with Mr. Srinivas Aravapalli (CEO - BlueBinaries Engineering and Solutions Pvt Ltd | Ex - Mahindra). The scheduled session will throw light on how the PG Program in Electric Vehicle Design offered by Great Lakes Executive Learning can advance your career. 

This session will be conducted from 7:00pm IST, on September 16, 2022.

Registration Link for the Webinar (Free) - https://bit.ly/3qtNrzw

About Great Learning 

Great Learning, a part of the BYJU'S group, the world’s largest edtech company, is a leading global ed-tech company for professional and higher education. It offers comprehensive,  industry-relevant programs across various cutting-edge Technology, Data, and Business domains. Great Learning's programs are developed in collaboration with the world's foremost academic institutions like Deakin University, Stanford Graduate School of Business, MIT Professional Education, The University of Texas at Austin, Wharton Online, National University Singapore, University of Arizona, IIT Madras, IIT Bombay, IIT Roorkee, IIIT-Delhi, Shiv Nadar University, and Great Lakes Institute of Management and are constantly reimagined and revamped to address the dynamic needs of the industry. Great Learning provides these programs in a blended and purely online mode, relying on its vast network of expert mentors and highly qualified faculty to deliver an unmatched learning experience for learners the world over. Great Learning is on a mission to enable transformative learning and career success in the digital economy for professionals and students across the globe and to date has impacted over 5.5 million+ learners from over 170 countries.

Godrej Körber Automates India’s Cold Chain Storage Sector; Introduces Advanced AS/RS Technologies

 ~ Godrej Körber targets revenue contribution of 20% from the cold chain sector by FY25.

~ The business was present at the IDF World Dairy Summit hosted by India after 48 years in Greater Noida.

Godrej Körber, a joint venture company between Godrej & Boyce and Körber Supply Chain, a German company, is driving warehouse automation transformation for the Indian Cold Chain sector in India through differentiated automation solutions. Godrej Körber is steering for 20% contribution in revenue from India’s cold chain sector by introducing highly advanced high density AS/RS systems in FY23.

Cold storage sector encounter challenges that other ‘dry’ warehouses do not face. The higher cost of operations in the cold storages make it critically important that the space must be utilized in the best optimal manner. In India, the dairy or cold chain industry has not evolved in terms of intralogistics automation as companies ignore the benefits of modern cold storage design which also includes a high density storage system apart from advanced refrigeration technology. Aside from needing to pay the labour working in cold storage more than in a dry environment, there are also major concerns such as attrition and difficulty recruiting individuals to work in freezing warehouses. Automation technologies such as ASRS systems, Conveyors, and Layer Picker solutions can guarantee faster delivery, allowing for less footprint and maximised space utilisation in the facilities.

Godrej Körber is expecting 18% - 20% growth in the next 5 years as it has witnessed a major shift happening towards the adoption of automation in the supply chain after the pandemic and expects this trend to continue. Due to the growth of the manufacturing sector, development of organised 3PLs, Pharma, retail, e-commerce, and food service businesses, as well as shifting consumption patterns, the government is encouraging companies to invest into cold chain and cold storage facilities. Considering this, Godrej Körber is focussing on bulk handling in the automation industry, for leading private players as well as public-private partnership projects.

Suunil Dabral, Senior Vice President & Business Head, Godrej Körber stated, “An automated cold storage facility's purpose is to expedite procedures and increase safety for both staff and commodities. Godrej Körber aims to bring this transformation to India’s cold storage facilities by providing special high density storage automation solutions, including stacker cranes and shuttle based AS/RS solutions that let you fully control the storage of all palletized commodities without the need for manual handling. By integrating advanced technology and innovation, we aspire to tackle supply chain complexity across sectors and automate a large number of the cold chain warehouses in India.”

To further address the growing segment of Cold Chain storage, Godrej Körber exceeded order intake targets with order books full in FY22 and dominating an overall market size worth 4000 Crores owing to its successful coalition with global player Körber Supply Chain. Godrej Körber attended the IDF World Dairy Summit, which was held in Greater Noida for the first time in 48 years.

About Godrej & Boyce

Godrej & Boyce ('G&B'), a Godrej Group Company, was founded in 1897 and has contributed to India's journey of self-reliance through manufacturing. G&B patented the world's first springless lock and since then, has diversified into 14 businesses across various sectors from Security, Furniture, and Aerospace to Infrastructure and Defence. Godrej is one of India's most trusted brands serving over 1.1bn customers worldwide daily.  To learn more visit: www.godrej.com

About Körber Supply Chain

Körber Supply Chain is a Business Area of Körber, an international technology group with around 10,000 employees and more than 100 locations worldwide. At Körber Supply Chain, we have a broad range of proven supply chain solutions to fit our customers' size, business strategy and appetite for growth. Our customers conquer the complexity of the supply chain thanks to our portfolio that includes software, automation, voice solutions, robotics and material handling — plus the systems integration expertise to tie it all together. Körber helps to manage the supply chain as a competitive advantage.

We are a global partner not just for today, but also as the needs of supply chains continue to evolve. Conquer supply chain complexity – with Körber. The Business Area Supply Chain is part of the global technology group Körber. Find out more on www.koerber-supplychain.com

Sify Technologies Leverages Aquila Clouds FinOps On Its Cloudinfinit Platform

Sify Technologies Limited (NASDAQ: SIFY), India's leading Digital ICT solutions provider with global service capabilities spanning Data Center, Cloud, Networks, Security and Digital services, and Aquila Clouds, a leader in cloud financial management solutions, today announced a strategic partnership that has added FinOps capabilities to Sify's industry-leading cloud management platform, Cloudinfinit.

Today's announcement marks the availability of Cloudinfinit FinOps, powered by Aquila Clouds. This technology-leading FinOps platform provides cloud asset management, performance, and cost trend analysis, cloud cost optimization and automation, budget control, chargeback, security and compliance management, and more. This FinOps addition to Cloudinfinit now enables cloud operators and finance managers to run lean, optimized, and secure cloud operations.

"We see a huge win-win situation for Sify and Aquila Clouds in this partnership," said Jitender Durairajan, Head of Cloud Engineering and Solutions at Sify Technology. "Using Aquila Clouds to power Sify's Cloudinfinit FinOps capabilities significantly shortens our time-to-market and creates immediate value for our customers who increasingly need a decipherable pattern to their cloud financials."

Besides FinOps, Aquila Clouds also powers Sify's billing operations with its BillOps platform. Aquila Clouds BillOps streamlines and automates billing operations, providing capabilities to customize pricing rules that perfectly fit Sify's' business model.

"We are delighted that Aquila Clouds FinOps solution has been included to power Sify's Cloudinfinit FinOps offering," said Desmond Chan, co-founder, and CPO at Aquila Clouds. "Being chosen by such a strong Enterprise Cloud Solutions Provider is a great testament to the strength of our solution. We look forward to creating great success for both companies in the near future."

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India's most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid, and small-sized businesses. Sify's infrastructure comprising 11 state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors, and deep expertise in business transformation solutions modeled on the cloud, make it the first choice of start-ups, SMEs, and even large Enterprises on the verge of a revamp. Internationally, Sify has a presence across North America, the United Kingdom, and Singapore. Sify, www.sify.com, Sify Technologies, and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

About Aquila Clouds

Aquila Clouds is a cloud financial management solution that enables managed service providers, cloud resellers, and enterprises to manage billing and optimize cloud costs and performance. We help organizations that are invested in public clouds to monitor and optimize their cloud deployments and automate their billing operations. Our FinOps and BillOps solutions apply data analytics and AI/ML techniques to achieve continuous monitoring and continuous optimization that has delivered over 20% in cloud cost savings and reduced billing operation time by as much as 82%.