Imagine standing at your bank, ready to open an account, but pausing at a crucial question: a savings account or a current account? This decision might seem trivial, but choosing the right account can greatly impact how you manage your …
Indian bank names often come across as a puzzle of letters – SBI, HDFC, ICICI, PNB – but what do these abbreviations actually mean? Whether you’re opening a new account or simply trying to understand India’s banking sector, knowing the …
Managing transactions efficiently is crucial as a business owner—whether you’re paying vendors, receiving customer payments, or handling cash flow. Understanding the RTGS limit and NEFT maximum limits can help you better plan payments, avoid delays, and optimize cash flow …
Every day, millions of us tap, swipe, and click our way through purchases without a second thought. Whether you’re shopping online or subscribing to streaming services, digital payments have become as natural as using cash once was. Behind every smooth …
Have you ever faced uncertainty when a bank transfer takes longer than expected to reflect in your account? Such delays can be frustrating, even if they’re common. This is where the UTR (Unique Transaction Reference) number comes into play. As …
Have you ever wondered how banks ensure your money reaches the correct account without any errors when making a transaction? The answer lies in a unique identifier called the IFSC, issued by the Reserve Bank of India (RBI). This alphanumeric …
In the dynamic Indian business landscape, efficient B2B payments are crucial for success. For decades, Businesses have struggled with outdated processes, manual tasks, and limited visibility. To address this, NPCI Bharat BillPay Limited (NBBL) and Reserve Bank of India (RBI) …
The Bharat Bill Payment System (BBPS) has been a game-changer for bill payments in India, offering a unified platform for all billers and customers to interact seamlessly. However, businesses across India have been struggling with outdated and inefficient Business-to-Business (B2B) …
Accounts Payable, traditionally, has been viewed as a cost center within an organization. There has been little interest in automating Accounts Payable (AP) management for cost-cutting in a rather paper-intensive domain.
However, AP management plays a key role in liquidity …
Invoice automation in simple words, is the use of software to simplify and streamline the process of receiving, validating, approving, and paying invoices. In the early days invoice automation was typically used for large enterprises, due to its high cost …
