Thinktac Lowers Administrative Overhead Expenses with RazorpayX Corporate Cards

RazorpayX Corporate Card is planning to take the hassle out of digital spending for businesses.

According to Razorpay, which recently finalized a massive funding round, they are constantly evolving and trying to “address the needs of businesses by providing a wide range of features.”

So, if you don’t have a RazorpayX Corporate Card for your business yet, the Fintech firm is going to explain why it might be a good idea to consider getting one.

Meet ThinkTac

Creative thinking for kids has always been associated with “a basis for overall development,” the Razorpay team noted. Introducing ways to encourage creative and critical thinking at an early age “helps in setting a foundation for continuous growth in all spheres of life,” the firm added.

Razorpay wrote in a blog post that ThinkTac’s goal is to offer a platform for children to “nurture creativity and critical thinking, and test ideas without fear.”

The goal is to “make experiential and competency learning accessible to all children, providing them with the knowledge, skills, and competencies they need to thrive in the 21st century.”

ThinkTac does this in “a fun and engaging manner, ensuring school and parent buy-in with curricular outcomes,” the update explained.

Currently, ThinkTac is “on the path to reaching 1 million users across the globe,” the announcement revealed.

Challenges before using a RazorpayX Corporate Card

Before starting the RazorpayX Corporate Card program, the two major challenges faced by ThinkTac were:

  • Using personal credit cards for business expenses “led to unnecessary paperwork, OTP hassles and lengthy reimbursement cycles”
  • It was “difficult to know which costs were legitimate and which were just a waste of valuable company money”

Scaling with RazorpayX Corporate Card

Razorpay was “no stranger to ThinkTac.”

Although they’ve been using Razorpay Payment Gateway to take payments on their platform, they had “not availed a RazorpayX Corporate Card to streamline business expenses.”

ThinkTac adopted RazorpayX Corporate Card to “solve their problem. And within no time, they experienced a massive change.”

By logging in to the RazorpayX Dashboard, business heads at ThinkTac had “complete control and visibility over all spends,” the update noted.

They also set an upper limit on funds that “could be used by their employees, making sure that things never got out of hand with overspending.” This helped them “manage their expenses really well, eliminated the entire process of claiming & accounting reimbursements and reduced administrative overhead costs significantly,” the announcement added.

ThinkTac also got RazorpayX Add-on Cards for key employees who “made frequent purchases on behalf of the company.”

This reduced the task of handing out OTPs every time someone “made a business purchase.”

Also, Add-on Cards “helped ThinkTac better categorise and understand their business expenses.”

These cards also “eliminated the need to go back and forth between emails to match up purchases,” the update noted.

By using RazorpayX Corporate Cards, ThinkTac could “streamline its business expense management.” Business heads could “gain better insights into where their expenses were incurred and how the business was doing overall,” the announcement explained.

As noted in the blog post by Razorpay, many firms such as ThinkTac have “found value in adopting RazorpayX Corporate Cards that help their engines run smoothly.”

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