Happay and Grant Thornton Bharat revolutionize expense management in India
Happay, India’s premier travel and expense management solution, has joined forces with Grant Thornton Bharat, one of the country’s leading consulting firms. Announced on April 26, 2024, in Delhi, this collaboration is set to transform enterprise expense management across Indian businesses by integrating Happay’s advanced technological solutions with Grant Thornton Bharat’s profound market insights.
Addressing the Need for Improved Expense Management Systems
The necessity for enhanced expense management systems is evident as many companies grapple with inefficiencies caused by outdated financial processes. This strategic partnership aims to tackle these issues head-on, promising to heighten operational efficiencies and financial transparency across various sectors.
Revolutionizing Expense Management with Technology and Insight
Himanshu Singh, Senior Vice President at Happay, emphasizes the transformative potential of this collaboration: “Leveraging Grant Thornton’s extensive expertise in strategic business processes alongside our technological innovations, we are set to revolutionize expense management in India.” Suresh Venkatesan, Partner at Grant Thornton Bharat, echoes this sentiment, highlighting the synergy between the cutting-edge technology of Happay and the strategic acumen of Grant Thornton Bharat to optimize travel and expense processes.
Market Growth and Future Prospects
The travel and expense management software sector is currently experiencing significant growth, with a projected increase of 12.4% from 2020 to 2027. This partnership positions Happay and Grant Thornton Bharat well beyond these market expectations, focusing on simplifying and refining expense management practices and equipping businesses with superior tools for more effective expenditure management.
Happay is at the forefront of India’s travel and expense management, servicing over 7000 enterprises, including prominent names like PwC, Tata, Welspun, and Apollo. Based in Bangalore, with offices in Gurgaon and Mumbai, Happay manages more than $3 billion in annual gross transaction value across over 20 countries.