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Zaggle and HT Media Ink Agreement for Employee Expense Management

Written by: Team Angel OneUpdated on: Jan 17, 2025, 2:44 PM IST
Zaggle inks a 2-year deal with HT Media to provide its Zaggle Save platform for employee expense management and benefits, focusing on digital efficiency.
Zaggle and HT Media Ink Agreement for Employee Expense Management
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Zaggle Prepaid Ocean Services Limited has entered into a two-year agreement with HT Media Limited to provide its employee expense management platform, Zaggle Save. The arrangement focuses on streamlining expense tracking and working on employee benefits for HT Media’s workforce.

As of 11:31 AM on January 17, Zaggle Prepaid Ocean Services Ltd’s stock was trading at ₹523.90, down by (0.98%) today, with a 66.11% gain over the past six months and a 151.51% rise in the past year.

Agreement Overview

Under this domestic customer service contract, Zaggle will deliver its Zaggle Save solution to HT Media over the next two years. The partnership is to simplify how expenses are managed and processed, introducing a more organised approach for the media company.

What is Zaggle Save?

Zaggle Save is a platform tailored to manage employee-related expenses while offering benefits suited to an organisation’s needs. By adopting this system, HT Media aims to digitise and simplify its processes, for a better approach to managing financial workflows tied to its employees.

Details of the Deal

The agreement is a professional engagement with no connections to related parties or promoter interests. Both companies aim to focus on achieving the goals outlined in the contract. The terms show a clear two-year timeline, with Zaggle providing the necessary tools and support to implement the platform effectively.

What This Means for HT Media

For HT Media, this is part of a broader plan to adopt digital solutions that align with modern workplace demands. The agreement with Zaggle also shows the growing trend among organisations to prioritise efficiency and employee-focused benefits.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing

Published on: Jan 17, 2025, 2:44 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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