About Supernan
Supernan was born out of a personal challenge faced by its co-founders while juggling corporate careers and parenting. Frustrated by the lack of quality childcare options, they decided to quit their jobs and build a solution themselves. Supernan is an innovative platform that connects parents with vetted, high-quality nannies through an easy-to-use app—making childcare as simple as ordering groceries online.
Milestones Achieved
- 14 months of successful operations
- 5,000+ parents using the platform
- 300+ nannies trained and placed
The Challenge: Managing Financial Operations for a Growing Business
As Supernan scaled rapidly, managing financial operations efficiently became critical. They needed a solution that could handle everything—from salary payments to vendor management—without the complexities and overhead costs associated with traditional banking systems or hiring a large finance team.
Key Pain Points:
- Manual Effort: Handling over 300 monthly payouts manually would require additional finance staff, increasing operational costs.
- Compliance Management: Manual TDS calculations and filings posed risks of errors and compliance lapses.
- Operational Inefficiencies: Traditional banking systems lacked transparency and made resolving transaction-related queries time-consuming.
The Solution: RazorpayX—The Backbone of Supernan’s Financial Operations
Supernan chose RazorpayX as their primary current account from day one. The platform’s intuitive interface, robust features, and seamless integration capabilities made it the perfect fit for their fast-growing business.
Key Features Implemented:
- API-Based Banking: Enables automated payouts for over 300 transactions every month, significantly reducing manual work.
- Automated TDS Payments: Automatically deducts and files TDS, ensuring compliance without the need for manual intervention.
- Comprehensive Financial Management: Manages salary disbursements, rent, utility payments, and vendor payouts effortlessly.
Business Outcomes: Time, Cost, and Compliance Wins
RazorpayX has been a game-changer for Supernan, streamlining their financial operations while saving both time and money.
Key Results:
- Significant Cost Savings: Eliminated the need to hire two full-time finance personnel, saving approximately ₹1.2–1.4 lakhs per month.
- Time Efficiency: Saved 10–12 hours of manual effort every month, allowing the team to focus on strategic growth.
- Seamless Compliance: Automated TDS filings reduced the risk of compliance issues and ensured timely submissions.
- Operational Transparency: Real-time updates on transactions, with detailed ETAs and error explanations, improved financial oversight.
- Effortless Query Resolution: The advanced search functionality helps resolve transaction-related queries quickly—critical for a people-intensive business like Supernan.
Integration Experience: Smooth, Fast, and Hassle-Free
Ganesh highlighted the seamless integration experience with RazorpayX, supported by well-documented APIs. The platform’s user-friendly system, compared to traditional banking solutions, allowed for quick onboarding without technical hiccups.
Favorite Features of RazorpayX
- API Banking: The cornerstone of their financial automation, enabling fast, large-scale payouts effortlessly.
- Search Functionality: Quickly locates transaction details, making issue resolution fast and efficient.
- Automated TDS Filing: Handles complex compliance tasks automatically, freeing the team from manual tracking.
Conclusion
For Supernan, RazorpayX isn’t just a banking platform—it’s an operational partner that has scaled alongside their business. From managing complex payouts to simplifying compliance, RazorpayX has helped Supernan focus on what matters most: providing quality childcare to thousands of families.
