Pazy offers a unified platform for businesses to manage and automate their payment processes, including accounts payable, reimbursements, and petty cash. The platform streamlines vendor management, invoice auditing, and tax reporting, while also integrating with existing business management tools. This helps businesses gain better control over their finances and reduce administrative overhead.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses struggle with inefficient and error-prone payment processes, leading to wasted time, increased costs, and potential compliance issues. Managing accounts payable, vendor relationships, and tax reporting often involves manual data entry, fragmented systems, and a lack of real-time visibility into financial data.
Solution
Pazy offers a unified, cloud-based platform that automates and streamlines business payment processes, encompassing accounts payable, vendor management, connected banking, input tax credit management, and UPI for business transactions. By leveraging AI-powered invoice parsing, real-time expense tracking, and seamless integration with existing accounting systems like Tally and Zoho Books, Pazy eliminates manual tasks, reduces errors, and provides comprehensive financial oversight. The platform enables businesses to manage vendor onboarding, automate approval workflows, consolidate tax reporting, and gain real-time insights into their financial performance. Pazy's connected banking feature allows direct bank integration for streamlined payments, while its UPI solution facilitates easy management of petty cash, reimbursements, and vendor payments.
Target Audience
Pazy primarily targets finance leaders, accountants, and business owners across various industries who seek to automate their payment processes, improve financial visibility, and reduce administrative overhead.
Features
- AI-powered invoice parsing with 95% accuracy, reducing manual data entry
- Real-time dashboards for instant access to up-to-date financial data
- Seamless integration with Tally, Zoho Books, Gmail, Slack, and other business tools via API
- Customizable approval workflows tailored to specific business needs
- Digital vendor master for centralized vendor information management, including automated GSTIN/PAN and bank details validation
- Automated reconciliation of GST data with a two-way connection to accounting systems
- Multi-bank payment management across multiple accounts
- UPI solution for managing petty cash, reimbursements, and vendor payments with user-level spending limits
- Comprehensive audit trails for compliance and transparency
- Role-based access controls and secure payment authorizations