India, Feb. 10 -- Corporate spending in India is massive, highly fragmented and often lacks efficiency due to limited automation. Industry estimates indicate that Fortune 500 companies allocate 25-30% of their annual revenue to employee spend management.

The high cost stems from manual approvals, the use of disconnected banking tools and post-facto reconciliations. Over the years, finance teams had little visibility into these expenses for real-time tracking and monitoring. Consequently, compliance gaps are frequent, and cost leaks are identified long after the money leaves the system.

Founded in 2011 by Dr. Raj P Narayanam, Zaggle plugs these structural loopholes for a large market of companies craving modern solutions. The name itself...