Growth is under no circumstances by mere chance, it’s a result of constant endeavours. It is assured when skilled fquskh labor force and impressive minds come together in the direction of a specific aim.
Marg ERP teaming up with ICICI Bank has been an integrated endeavor that has promised MicroSmall and Medium Enterprises (MSMEs) to securely execute their fiscal actions through Marg ERP by hooking up their ICICI accounts with Marg ERP software.
Sufficing this major need of SMEs and MSMEs has got a respectable response and gratitude around the world and has opened a new selection of making transactions digitally within the ERP program itself.
Today, nearly all types of businesses whether small or medium need to perform numerous financial transactions throughout their working hours. So, the best way to perform your financial activities like starting vendor & wage payments is via RTGS, NEFT or IMPS directly from ERP system; automate bank reconciliation, accounting entries, trying to get working capital loans in addition to schedule future payments gets well managed by an Integrated Banking.
The ERP software has already found its use for SMEs and MSMEs across the globe but with built-in banking concept different trade specific enterprise software promises to promote speed and accuracy in all types of financial activities thereby ensuring an optimistic change in business practice for MSMEs that aims to grow.
Advantages of the ICICI Financial institution-Marg ERP partnership:
Control over fund movement without putting extra efforts:
Using this integration, business owners can keep a record of transactions running in and out of their bank accounts. Businesses is able to reduce data entry and manual errors of accounting, as transactions is now able to directly retrieved from the bank. Real-time bank balance and transaction standing clarity on data processing platform will assist business owners to take significant decisions spontaneously.
Automated Bank reconciliation:
The integrated financial strategy has specific attributes 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 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 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 numerous transaction options:
The incorporated ERP program extends several repayment options like NEFT, RTGS, and IMPS, fund move with an instant standing update in the purchase in addition to a Bank guide quantity around the Marg ERP platform.
Secure and safe:
Marg has carried out 7 layered security system within their software that allows secured financial for ICICI existing bank account holders.
Spend right from Marg ERP:
With this interesting function, users do not possess to change among their accounting and consumer banking apps to do and manage their economic actions. ICICI Bank’s prevailing bank account holders can just log on to Marg ERP, choose the appropriate monthly bills, making obligations from Marg ERP via their attached ICICI Bank account in a handful of clicks.
One dashboard for repayments made: Deals can continue to accept their payments on ICICI Bank’s Corporate Internet Consumer banking (CIB) portal and find out that each and every transaction status gets up-to-date immediately on the Marg ERP system.
Access to ICICI Bank internet based cheque signing facility from MARG ERP: This is a entirely guarded and scam-evidence cheque method and will assist in the expulsion of cheque fraud and maintaining accurate publications of information. The authorised signatory can accept cheque request slightly guaranteeing that the consumer is definitely in command of their company.
Organizing Obligations: Having a individual simply click, clients can timetable their future repayments inside of www.margerp.com . The repayments can get started at that specific predetermined time instantly with no disruption.
For that reason, in this particular period which is centered on taking steady revolutionary endeavours and engrossed in looking forward to the requirements fquskh the customers, the idea of Financial Within ERP will surely help them to to develop their enterprise and reach their goals.