Growth is never by sheer chance, it’s a result of constant endeavours. It’s assured when competent fquskh labor force and innovative minds come together towards a specific aim.
Marg ERP joining up with ICICI Bank has become an integrated endeavor which includes promised MicroSmall and Medium Enterprises (MSMEs) to securely execute their financial routines through Marg Accounting Software by hooking up their ICICI accounts with Marg ERP software.
Sufficing this main need of SMEs and MSMEs has got a very good reaction and appreciation around the world and has opened a new array of making transactions digitally within the ERP platform itself.
Today, practically all types of businesses whether small or medium need to perform many financial transactions during their working hours. So, the best way to perform all your financial activities like initiating vendor & salary payments is via RTGS, NEFT or IMPS directly from ERP program; automate bank reconciliation, accounting entries, applying for working capital loans along with schedule future payments gets well managed by an Integrated Banking.
The ERP software has already discovered its use for SMEs and MSMEs across the globe but with incorporated banking concept numerous trade specific business software promises to promote agility and accuracy in all types of financial activities thereby ensuring a good change in business training for MSMEs that aims to grow.
Advantages of the ICICI Financial institution-Marg ERP partnership:
Control over account movement without putting extra efforts:
With this particular integration, business owners can keep a record of transactions running in and out of the bank accounts. Businesses can reduce data entry and manual errors of data processing, as transactions can now be directly retrieved from your bank. Real-time bank harmony and transaction status clarity on bookkeeping platform will serve business owners to take substantial decisions spontaneously.
Auto Bank reconciliation:
The integrated banking idea has specific features like bank reconciliation which is a unique way wherein you get a summarized banking report displaying all the banking and financial activities you performed in a reconciled fashion assuring you to definitely have control on your financial activities and prevention from undesired fraud.
Now for reconciling your financial institution statements, all you need to do is connect your ICICI bank account with your Marg ERP software and all your bank dealings will get retrieved immediately 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.
Provide several payment options:
The incorporated ERP program extends multiple transaction options like NEFT, RTGS, and IMPS, account transfer with the immediate standing update of the deal in addition to a Banking institution reference point amount on the Marg ERP program.
Safe and secure:
Marg has implemented 7 layered security method in their software which allows secured consumer banking for ICICI present bank account cases.
Pay out directly from Marg ERP:
With this particular interesting attribute, users do not possess to switch in between their data processing and financial applications to perform and handle their monetary routines. ICICI Bank’s existing account owners can just log on to Marg ERP, choose the appropriate expenses, making repayments from Marg ERP by means of their attached ICICI Banking accounts in just a couple of mouse clicks.
One dash panel for obligations made: Trades can continue to approve their obligations on ICICI Bank’s Company Internet Banking (CIB) portal and see that every payment status will get up-to-date immediately on the Marg ERP program.
Access to ICICI Bank internet based cheque signing service from MARG ERP: It really is a completely guarded and scams-evidence cheque method and definitely will aid in the expulsion of cheque scams and looking after precise textbooks of information. The authorised signatory can agree cheque request from another location ensuring that the client is usually in control of their business.
Organizing Obligations: Using a individual click on, customers can timetable their long term obligations inside www.margerp.com . The payments will receive initiated in that certain predetermined time automatically without the disturbance.
Therefore, within this time which is centered on getting constant revolutionary efforts and engrossed in expecting the needs of fquskh the buyers, the concept of Banking Within ERP will surely help them to evolve their business and reach their goals.