Institute of Finance & Management (IOFM) data reveals that only 5% of PO-to-invoice matches are 100% accurate on the first try. Besides being inefficient, manual accounts payable (AP) or accounts receivable (AR) processes have many hidden and direct costs …
In recent years, CFOs have expanded their roles to include marketing, compliance, operations, and technology innovation including GenAI exploration. The business world is fiercely marching towards scale – the enabler of this pace and innovation for several industries can be …
Finance Automation, AP Automation, AR automation, Finance Processes
From being manpower intensive to technology-driven – the shift in finance processes is more evident than ever today. Research shows that for finance functions in every industry, at least 42% of all …
Accounts payable (AP) is a crucial function for companies as the process determines the quality of supplier relations, purchase workflows, and the overall efficiency of the finance operations.
Several factors make AP a complicated and error-prone function. To begin with, …
Cash flow management is the lifeblood of any business. It’s the process of tracking, analyzing, and optimizing the flow of money into and out of your business. Efficient cash flow management is crucial for business success, as it ensures you …
Mr. Sharma is running a successful supermarket store in Delhi for the last 7 years. As any new business owner, he also faced challenges with his payments as his business grew. Fortunately, Yes Bank Connected Banking made his business payment …
Two-way sync or widely known as “Tally synchronisation”, a dynamic data exchange mechanism, holds the potential to revolutionise how businesses manage their financial records.
This synchronisation allows businesses to quickly extract information like invoices, bills, and inventory from Tally and …
If you are a business owner with a lot of transactions to handle, you know how difficult it is to manage them. Most of the time, your accounting software is not directly connected to your current account and you have …
Managing multiple current accounts can be a cumbersome task in business payments operations, often leading to inefficiencies, manual errors, and a lack of real-time insights. However, with the advent of Connected Banking, businesses can now streamline their cash flow management …
As the heart of financial operations, accounting software Tally (8 million users in India) plays a pivotal role in maintaining accurate financial records and enabling informed decision-making. Thus the market demands Tally integration to propel their business towards enhancing employee …
#ICICI Bank CONNECTED BANKING
Holding an ICICI current account? If yes, then this blog is for you!
Did you know that there is an amazing feature within your ICICI account, which will simplify how you manage your money?
Surprisingly, recent …
Three-generation families have built some of the great businesses in India. Let’s take a closer look at how connected banking revolutionized the Agarwals’ cash flow practices, setting a paradigm for efficient business payments.
In the ‘80s, the first generation, Mr. …
Effective payroll management is not just about disbursing salaries; it encompasses meticulous attention to detail, compliance with ever-evolving regulations, and maintaining the financial health of your organization.
It is estimated that there are 633.9 lakh MSMEs in India and a …
