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 …
According to research, over 85% of businesses have reported a significant increase in the volume of financial transactions in the past year. This surge in transaction complexity and frequency highlights the growing importance of efficient financial management strategies, such as …
The Goods and Services Tax (GST) came into effect on July 01, 2017 in India. Since then, most small and medium-sized businesses have geared up to make their operations compliant with the new tax laws.
One of the major changes …
Post GST adoption and acceptance, e-Invoicing under GST has now become an integral part of business operations for Indian taxpayers. e-Invoicing under GST system has already been implemented in India since October 01, 2020. A lot of businesses, however, find …
Let us check out a typical “payments day” for Raj, a Proprietor of a supermarket with two outlets and his accountant before adopting connected banking.
The accountant logs into the accounting tool and the two current account banking portals. Through …
