Sodexo, the French digital employee benefits company, has announced the launch of a multi-benefit pass in partnership with the NPCI (National Payments Corporation of India).
It is a 2-in-1 card will allow users to avail meal benefits and also use the chip-inserted to get other employee benefits like those on fuel, books, etc. With NPCI's strong RuPay network across India and Sodexo's existing semi-closed loop of 100,000 proprietaries, the new product attempts to become a one-stop solution for managing employee benefits.
These features can be accessed on a mobile app, making it a paperless solution that Sodexo aimed on providing to its clients, saving time and money.
Employees usually have to collate and submit bills of their spendings to the finance department at their workplace for verification before a reimbursement is made. The new pass will hope to bring down the hassle that both the employees and the organisations have to go through to get the benefits processed.
Sodexo BRS India said that full digitalisation of the employee claims will help avoid duplications and other human errors while making the process seamless. The RuPay eliminate will further make sure that the process is tax compliant and also allow employees to avail non-meal benefits across its network.