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Digital Cash Management for Fleet Operators

Happay introduces unique digital cash management solution for fleet operators, Go Cashless with fleet. Sign up Now !

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Digital Cash Management for Fleet Operators

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  1. BEAT THE CASH CRUNCH With Happay’s Digital Cash Management Solution Custom-­‐made  for  .leet  operators  and  logistics  companies

  2. 2 million trucks have been stranded on highways due to cash shortage brought about by demonetisation. Source: The Economic Times

  3. IN THE TRUCKING INDUSTRY, 90% of 3 million trucks on India’s roadways have been stranded due to crippling cash shortage brought about by the recent demonetisation. 45% of the total cost per trip goes into buying diesel 80%of transactions are done in cash 14% of the total cost per trip goes into paying toll With fuel outlets and toll plazas refusing to accept 500 & 1000 rupee notes, drivers are stuck on the road with no money. Source: The Economic Times

  4. 1. TEDIOUS CASH DISTRIBUTION 2. DELAYS OF MULTIPLE DAYS In this time of cash crunch, there is no easy way to distribute cash to the drivers Delivery of consignments is getting delayed - a huge cost for the company 4 Key Cash Problems Faced By Transportation Companies 3. CASH LEAKAGE & THEFT 4. UNOPTIMISED WORKING CAPITAL Physical cash can be easily lost, damaged, stolen or misused Working capital is blocked for days since loose cash is given to drivers in bulk

  5. For a move like demonetisation to not create problems for the trucking sector, a lot of transactions have to shift online. Ramesh Agarwal, Chairman of Agarwal Packers & Movers, operates a fleet of over 1,000 trucks.

  6. Introducing Happay cards & Software A Digital Platform For Cash Management MANAGE EMPLOYEES DRIVERS D1 D2 D3 D4 Head Office Drivers The head office admins get access to a web dashboard that helps them distribute cash and manage spends. Your drivers get Happay cards instead of loose cash. They can use the card at POS, online and at ATMs.

  7. How Happay Works 1. Issue a Happay Card to each driver 2. Fund cards instantly from the Happay Dashboard 3. Drivers can use Happay cards for toll payments, fuel purchases, lodging and meals, etc.

  8. Stop worrying about Cash. Go Digital with Happay. Distribute cash to drivers digitally, in bulk Auto-load funds if drivers run low on cash Define an amount threshold for cards and auto-load cards once the balance goes below this amount. Enable drivers to spend digitally Drivers can use Happay cards for toll payments, fuel purchases, maintenance & repairs, lodging, meals, etc. Fund cards individually or in bulk from your web or mobile dashboard. Optimise cash flow by withdrawing unused cash Control cash spends with limits Distribute funds as and when needed. Withdraw unused funds from the cards into you Happay Corporate account. Define how much can be spent on a card (per day/ week/ month) and on what channel (POS, ATM, Online)

  9. Get in touch with our business experts today! Click here to get started

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