Growth is under no circumstances by sheer chance, it’s a result of constant endeavours. It’s assured when skilled fquskh labor force and impressive minds come together toward a specific aim.
Marg ERP teaming up with ICICI Bank continues to be an integrated endeavor which has promised MicroSmall and Medium Enterprises (MSMEs) to securely carry out their financial routines through Marg Accounting Software by connecting their ICICI banking accounts with Marg ERP software.
Sufficing this main need of SMEs and MSMEs has got a respectable response and appreciation worldwide and has opened a new selection of making transactions electronically within the ERP platform itself.
Today, nearly all types of businesses whether or not small or medium need to perform numerous financial transactions during their working hours. So, the best way to perform all of your financial activities like initiating vendor & income payments is via RTGS, NEFT or IMPS directly from ERP program; automate bank reconciliation, accounting entries, obtaining working capital loans along with schedule future repayments gets well handled by an Integrated Banking.
The ERP software has already identified its use for SMEs and MSMEs across the globe but with built-in banking concept various trade specific enterprise software promises to promote agility and accuracy in all types of financial activities thereby ensuring a positive change in business practice for MSMEs that aims to grow.
Benefits associated with the ICICI Bank-Marg ERP partnership:
Control over account movement without placing extra efforts:
Using this integration, business owners can keep a record of purchases running in and out of the bank accounts. Businesses can reduce data entry and handbook errors of bookkeeping, as transactions is now able to directly retrieved from your bank. Real-time bank equilibrium and transaction status clarity on bookkeeping platform will serve business owners to take substantial decisions spontaneously.
Automatic Bank reconciliation:
The integrated banking concept has specific features like bank reconciliation which is a unique way wherein you get a summarized banking report exhibiting all the banking and financial activities you performed in a reconciled fashion assuring one to have control on your own financial activities and prevention from undesirable fraud.
Now for reconciling your bank statements, all you need to do is connect your ICICI bank account together with your Marg ERP software and all sorts of your bank transactions will get retrieved instantly into ERP system. This is again a unique feature of this alliance that auto financial institution reconciliation will now be around to SMEs in India.
Offer numerous transaction options:
The built-in ERP system expands several transaction options like NEFT, RTGS, and IMPS, account transfer with an immediate status up-date from the transaction in addition to a Financial institution reference quantity in the Marg ERP program.
Safe and secure:
Marg has implemented 7 layered security program inside their software that enables secured financial for ICICI current account owners.
Pay out directly from Marg ERP:
With this fascinating feature, customers do not have to switch among their accounting and banking apps to execute and control their financial actions. ICICI Bank’s existing accounts cases can just log in to Marg ERP, choose the suitable bills, to make payments from Marg ERP through their linked ICICI Banking account in just a handful of clicks.
One dash panel for repayments created: Trades can carry on and approve their obligations on ICICI Bank’s Corporate Internet Financial (CIB) portal and find out that every payment status gets up-to-date immediately around the Marg ERP program.
Usage of ICICI Banking institution internet dependent cheque signing facility from MARG ERP: It is a totally guarded and fraud-resistant cheque system and will assist in the expulsion of cheque fraud and maintaining accurate publications of records. The authorised signatory can approve cheque demand from another location guaranteeing that the customer is definitely in control of their company.
Organizing Repayments: With a single click on, consumers can schedule their upcoming payments within Marg ERP . The payments will receive started in that certain predetermined time immediately with no disruption.
For that reason, in this particular period which is focused on using consistent impressive efforts and engrossed in looking forward to the requirements fquskh the buyers, the thought of Banking Within ERP will certainly enable them to to develop their business and achieve their set goals.