Growth is under no circumstances by mere chance, it’s a consequence of constant endeavours. It is assured when experienced fquskh workforce and impressive minds come together in the direction of a particular objective.
Marg ERP joining up with ICICI Bank has become an integrated endeavor which includes promised MicroSmall and Medium Enterprises (MSMEs) to securely execute their fiscal actions through Marg Accounting Software by hooking up their ICICI bank accounts with Marg ERP software.
Sufficing this significant need of SMEs and MSMEs has got a respectable reaction and gratitude across the globe and has opened a new variety of making transactions digitally within the ERP platform itself.
Today, practically all types of businesses regardless of whether small or medium need to perform several financial transactions throughout their working hours. So, the best way to perform all your financial activities like starting vendor & salary payments is via RTGS, NEFT or IMPS directly from ERP platform; automate bank reconciliation, accounting entries, applying for working capital loans along with schedule future repayments gets well maintained by an Advanced Integrated Banking Solution.
The ERP software has already identified its use for SMEs and MSMEs across the globe but with integrated banking concept numerous trade specific enterprise software promises to promote speed and accuracy in all types of financial routines thereby ensuring an optimistic change in business exercise for MSMEs that aims to grow.
Advantages of the ICICI Bank-Marg ERP partnership:
Control over fund movement without placing extra efforts:
With this particular integration, business owners can keep a record of transactions running in and out with their bank accounts. Businesses can reduce data entry and guide errors of data processing, as transactions can now be directly retrieved from the bank. Real-time bank balance and transaction position clarity on data processing platform will provide business owners to take significant decisions spontaneously.
Auto Bank reconciliation:
The integrated consumer banking idea has specific features like bank reconciliation which is a unique way wherein you get a summarized banking report showing all the banking and financial activities you performed in a reconciled fashion assuring you to have control on the financial activities and prevention from undesirable fraud.
Now for reconciling your banking institution statements, all you need to do is connect your ICICI bank account together with your Marg ERP software and all of your bank dealings will get retrieved automatically into ERP method. This is again a unique feature of this alliance that auto bank reconciliation will now be available to SMEs in India.
Offer multiple payment options:
The incorporated ERP system extends multiple payment options like NEFT, RTGS, and IMPS, fund move with an instant position update in the deal plus a Banking institution reference quantity around the Marg ERP program.
Safe and secure:
Marg has implemented 7 layered security system inside their software which allows secured banking for ICICI existing accounts holders.
Pay out straight from Marg ERP:
Using this intriguing function, customers do not have to change in between their bookkeeping and consumer banking apps to execute and manage their economic activities. ICICI Bank’s predominant bank account holders can just sign in to Marg ERP, select the appropriate bills, and make payments from Marg ERP through their linked ICICI Banking account in just a handful of click throughs.
One dash board for payments made: Deals can carry on and agree their repayments on ICICI Bank’s Company Internet Consumer banking (CIB) portal and see that each transaction position will get up-to-date automatically around the Marg ERP platform.
Use of ICICI Bank internet dependent cheque signing facility from MARG ERP: It really is a entirely guarded and fraud-proof cheque system and can aid in the expulsion of cheque fraud and maintaining accurate books of documents. The authorised signatory can agree cheque request remotely ensuring that this consumer is definitely in charge of their company.
Scheduling Payments: Having a individual click on, consumers can timetable their upcoming obligations inside of Marg ERP . The repayments will get initiated in that specific predetermined time instantly with no disruption.
For that reason, in this particular time which is focused on getting constant impressive endeavours and engrossed in expecting the requirements of fquskh the buyers, the concept of Consumer banking Inside of ERP will certainly enable them to to develop their enterprise and achieve their goals.