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 …
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 …
Since the boom of digital transformation, transactions have become online and accountants have shifted from piles of ledger books to accounting software.
However, business owners and accountants are struggling to unlock the full potential of their SBI current accounts and …
Manual processing of documents is a nightmare for accountants. With non-reconciled invoices and unpaid bills piling up, it becomes increasingly difficult for accounting professionals to keep day-to-day track of the books of account.
As such, automated bookkeeping has become a …
Prior to the introduction of GST (Goods and Service Tax), goods were consigned based on an invoice or a delivery challan. These goods were verified on the incoming and outgoing checkposts of the respective regions. This resulted in heavy investment …
Accounting automation refers to the use of technology to streamline accounting processes and reduce the need for manual intervention. This can include the use of software to automate tasks such as data entry, bank reconciliations, and financial reporting…
Growth stages for a business come in different forms, bringing along either a technological or financial foothold at a time. Upskilling technical proficiencies while cutting costs helps companies to stay on top. In the digital epoch, technological evolution with the …
As discussed in “The Changing Landscape of the Accounting industry in 2023 part 1”, accountants face many challenges today, and the need for “financial automation” is evident. This article looks deeper at how Fintechs drive this digital transformation …
